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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.
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
Amenities
Monthly Cost Estimate
$1,203/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
399 Commercial Street
Roanoke, IN 46793
None
Features & Amenities
Exterior Features
Property Details
Flooring
Parking
Heating
Appliances
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.



