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1101 S Rogers St - Triplex near B-line trail 3 Unit Apartment Building Offered at $586,286 CAD at a 7.52% Cap Rate Bloomington, IN 47403
EXECUTIVE SUMMARY
This well-maintained triplex sits in the heart of Bloomington's vibrant McDoel Gardens neighborhood-just steps from Switchyard Park, the B-Line Trail, Hopscotch Coffee, Cardinal Spirits, and Southern Stone Restaurant. This property has a HAND rental permit - 3 unrelated tenants PER UNIT! Located on the city bus line, the property offers both exceptional convenience and strong tenant appeal. Each of the three units features dedicated climate control with Mini Split HVAC systems in every bedroom and living area. Tenants or guests enjoy a fully fenced backyard and two off-street parking spaces per unit. A new roof and gutters were installed in April 2025, and most furnishings are included with the sale (list available upon request). Most recently used as a highly profitable Airbnb, the property offers multiple options: continue short-term rentals, switch to long-term tenants, or live in one unit while renting the others. Income potential is especially strong during IU events like football weekends and graduation. The unfinished 1,345 sq. ft. basement provides generous storage or possible expansion into a fourth unit with the addition of a fire escape. Whether you're an investor looking for strong returns or a homeowner wanting to offset your mortgage with rental income this property is a great opportunity in one of Bloomington's most vibrant and walkable neighborhoods.
PROPERTY FACTS
| Price | $586,286 CAD | Building Class | C |
| Price Per Unit | $195,429 CAD | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 1,676 SF |
| Cap Rate | 7.52% | Average Occupancy | 0% |
| No. Units | 3 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1920 |
| Zoning | R3 - Medium-density residential zoning for townhouses, multi-family dwellings, and apartments. | ||
| Price | $586,286 CAD |
| Price Per Unit | $195,429 CAD |
| Sale Type | Investment |
| Cap Rate | 7.52% |
| No. Units | 3 |
| Property Type | Multifamily |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 1,676 SF |
| Average Occupancy | 0% |
| No. Stories | 1 |
| Year Built | 1920 |
| Zoning | R3 - Medium-density residential zoning for townhouses, multi-family dwellings, and apartments. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Fireplace
- Washer/Dryer
- Heating
- Refrigerator
- Range
- Yard
- Basement
SITE AMENITIES
- Fenced Lot
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 5+3 | 3 | - | - |
1 1
Bike Score®
Very Bikeable (78)
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1101 S Rogers St - Triplex near B-line trail
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