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About This Home

This 4-bedroom, 2-bathroom multi-family at 399 Commercial Street in Roanoke, IN is listed for $225,000 ($134 per sqft). the home offers 1,680 sqft of living space on a 0.17 acres lot.

Agent Description

Rare opportunity to own a well-maintained duplex in the heart of Roanoke! Looking for a way to offset your mortgage with rental income? This property offers the perfect owner-occupied opportunity while also providing strong investment potential. Both units enjoy their own outdoor living space, including a large covered front porch and private upper-level deck.

Tenants pay their own utilities. Each unit features 2 bedrooms, 1 full bath (walk in shower), separate gas furnaces, water heaters, electric and water meters, and in-unit laundry. Current tenants are on annual leases through August 2026 and pay their own utilities, creating stable income with low owner expenses.

Detached 2-car garage is reserved for owner use, making this an ideal setup for owner seeking workshop space, storage or parking while benefiting from rental income. Large off-street parking area provides ample parking for tenants and guests. The main-level offers a large front porch, a spacious living area, an eat-in kitchen, laundry/pantry room, tiled shower and storage.

The upper unit features a private deck, dining area, walk-in closets, and comfortable living space filled with natural light. Appliances included ranges, refrigerators, washer and dyers remain with the property. Situated on a corner lot just blocks from downtown Roanoke's shops, restaurants, park and community events, this property combines small-town charm with convenient access to Fort Wayne.

Whether you're looking to live in one unit and generate income from the other, add to your investment portfolio, or have the advantage of future rental upside, this property offers flexibility, character, and long-term potential in one of the Northeast Indiana's most desirable small-town communities.

Key Features

  • 0.17 acre lot
  • 1.5 stories

Property Details

2 stories
2 full

Amenities

Basement

Monthly Cost Estimate

$1,203/mo

20% down · 6.5% · 30 years

Principal$163
Interest$975
Insurance$66

Estimates only. Actual payments may vary.

Location

399 Commercial Street

Roanoke, IN 46793

None

Features & Amenities

Exterior Features

BasementOff Street ParkingCloset(s) Walk-inCountertops-laminateDeck CoveredEat-in KitchenPorch CoveredPorch OpenWater Heater ElectricNone

Property Details

Flooring

CarpetVinyl

Parking

GarageGarage - Detached

Heating

Forced AirNatural Gas

Appliances

DryerRange

Questions & Answers

This 4-bedroom, 2-bathroom multi-family at 399 Commercial Street is listed at $225,000 ($134/sqft). The estimated monthly payment is $975 based on 20% down at 6.5% interest.

Key features include: 0.17 acre lot, 1.5 stories. Exterior Features: Basement, Off Street Parking, Closet(s) Walk-in.

This property is listed by Kandi Camomile and can be reached at 2603558577 or dhdrealty@gmail.com.

KC

Kandi Camomile

Agent at Dream Home Designs & Realty

(260) 355-8577

Listed by Dream Home Designs & Realty · View on Broker Site

MLS# 202621469· Source: listhub· Updated 1 days ago

Copyright © 2026 Upstate Alliance of REALTORS® Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

399 Commercial Street, Roanoke, IN 46793

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