Single-Story
For Sale
$250,000
2310 S Rogers Street, Bloomington, IN 47403
INVESTMENT, One Story, Bloomington, IN
Property Size1,472 SF
Lot Size0.34 Acres
Price / SF$169.84
Days on Market16
Property Features for 2310 S Rogers Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 4, Bedroom 3
Parking
4
Subdivision
Southeast Bloomington City
Lot features
Level
Elementary school
Summit
Middle school
Batchelor
High school
Bloomington South
Elementary school district
Monroe County Community School C
Middle school district
Monroe County Community School C
High school district
Monroe County Community School C
Directions
gps friendly
Standard status
Active
APN
53-08-08-403-050.000-009
Size
1,472 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Broadview Park 1st Part Lots 1 & 2
Tax Annual Amount
1
Legal Description
Broadview Park 1st Part Lots 1 & 2
Utilities
Cooling system
Central Air
Building Details
Year built
1950
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Architectural style
Other
Listing Agency:
FC Tucker/Bloomington REALTORS
(812) 336-7300
Listed By:
Amanda Richardson · License #RB14031408
(812) 345-3042
Added: Sep 11
Changed: Sep 14
Last Checked: Sep 26 at 10:06AM
MLS# 202637946
Copyright © 2026 Indiana Uplands Realtor® Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This single-story duplex contains 1,472 square feet on a 0.34-acre lot, with a two-bedroom, one-bath configuration on each side. Built in 1950, the property features vinyl flooring, central air, and dedicated off-street parking.
The property is located at 2310 S Rogers Street in Bloomington, Indiana, near bus routes. Its two-unit layout provides separate residential spaces within one building.
The property is located at 2310 S Rogers Street in Bloomington, Indiana, near bus routes. Its two-unit layout provides separate residential spaces within one building.
Key Highlights
- Two‑bedroom, one‑bath layout on each side
- 1,472 square feet on a 0.34‑acre lot
- Dedicated off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,229
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$264,580
$264.6K
Cap Rate 7%
$188,986
$189.0K
Cap Rate 9%
$146,989
$147.0K
Market Conditions
NOI Build-Up for 1,472 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$20.0K $13.56/SF
− Vacancy
−$1.1K −$0.72/SF
EGI
$18.9K $12.84/SF
− OpEx
−$5.7K −$3.85/SF
NOI
$13.2K $8.99/SF
Area
Monroe County, IN
Vacancy
5.32%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$264,580
Cap Rate 7%
$188,986
Cap Rate 9%
$146,989
Alternative Uses
Best Use
Multifamily LT 5
$189.0K
$165.4K – $220.5K
NOI $13,229 @ 7.0% cap · market cap 5.29%
Second Best
Apartment 5plus
$171.6K
$150.2K – $200.2K
NOI $12,014 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$287.7K
$251.7K – $335.6K
NOI $20,138 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
401
Businesses Nearby
Explore this area
Business Placement
Demographics for 47403, IN
33,066
Population
16,271
Households
2
Avg Household Size
35
Median Age
39%
College-Educated
93%
High-School Grad
85.0 sq mi
ZIP Area
389
Density / Sq Mi
$68,703
Median Household Income
$40,391
Median Earnings
$1,114
Median Rent
$222,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom, one-bath layout on each side with dedicated off-street parking.
Where is this duplex located?
The property is located at 2310 S Rogers Street Bloomington, IN.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two‑bedroom, one‑bath layout on each side; 1,472 square feet on a 0.34‑acre lot; Dedicated off‑street parking
