Multifamily Home with Separate
New
For Sale
$355,000
2708 S Rogers Street, Bloomington, IN 47403
The upper level includes a kitchenette and can connect to or be closed off from the main residence.
Property Size2,600 SF
Price / SF$136.54
Days on Market4
Property Features for 2708 S Rogers Street
General Information
Standard status
Active
Size
2,600 SF
Property subtype
Multifamily
Building Details
Year Built
1899
Buildings
1
Listing Agency:
Stolberg Realty Group
Listed By:
Aaron Stolberg · License #RB14042222
(812) 360-4300
Source:
Jmrealtyonline
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 2:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Stolberg Realty Group
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Investment Insights
Based on property information with market context.
Built in 1899, this 2,600-square-foot multifamily property is arranged as a four-bedroom, 2.5-bath home with distinct living areas on two floors. The main level has three bedrooms, 1.5 bathrooms, an open living, dining, and kitchen area, plus an office or bonus room. Upstairs, a separate entrance serves a suite with a spacious bedroom, full bathroom, kitchenette, and large living area. An interior doorway allows the upper floor to connect with the rest of the house, or it can be closed off. The unfinished basement has been encapsulated and offers storage space.
The property is at 2708 S Rogers Street in Bloomington, within walking distance of the B-Line Trail and Switchyard Park, and near shopping and restaurants. The property currently has a three-person occupancy permit. The layout also includes a possible configuration as a one-bedroom and three-bedroom arrangement or as a four-bedroom home.
The property is at 2708 S Rogers Street in Bloomington, within walking distance of the B-Line Trail and Switchyard Park, and near shopping and restaurants. The property currently has a three-person occupancy permit. The layout also includes a possible configuration as a one-bedroom and three-bedroom arrangement or as a four-bedroom home.
Key Highlights
- 2,600‑square‑foot multifamily property built in 1899
- Four bedrooms and 2.5 bathrooms across the home
- Upstairs suite has a separate entrance, kitchenette, bedroom, living area, and full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,221
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$424,420
$424.4K
Cap Rate 7%
$303,157
$303.2K
Cap Rate 9%
$235,789
$235.8K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$40.9K $15.72/SF
− Vacancy
−$2.3K −$0.88/SF
EGI
$38.6K $14.84/SF
− OpEx
−$17.4K −$6.68/SF
NOI
$21.2K $8.16/SF
Area
Monroe County, IN
Vacancy
5.60%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$424,420
Cap Rate 7%
$303,157
Cap Rate 9%
$235,789
Alternative Uses
Best Use
Apartment 5plus
$303.2K
$265.3K – $353.7K
NOI $21,221 @ 7.0% cap · market cap 5.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$508.1K
$444.6K – $592.8K
NOI $35,569 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
314
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Multifamily property - The upper level includes a kitchenette and can connect to or be closed off from the main residence.
Where is this multifamily property located?
The property is located at 2708 S Rogers Street Bloomington, IN.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: 2,600‑square‑foot multifamily property built in 1899; Four bedrooms and 2.5 bathrooms across the home; Upstairs suite has a separate entrance, kitchenette, bedroom, living area, and full bathroom
