399 Commercial Street
Roanoke, IN, 46793 $ 225,000
Bedrooms4 Baths2.0 Sq 1,680 Monthly Estimate*
$ 1,385
for $225,000 with 4 bedrooms and 2 full baths. This 1,680 square foot home was built in 1886.
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. 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.
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FeaturesGeneralHeating Gas Forced Air
Cooling Window
Sewer Public
Status Active Active
Full Baths 2
Half Baths 0
Bathrooms 2
Year Built 1886
New Construction No
Tenant Pays Electric Heating Water
Subdivision None
Style One and Half Story
Stories Count 1.5
Township Jackson
Class INVESTMENT
Type Duplex
Age 140
Net Income 15666.92
Rent Income 18600
Features Basement Off Street Parking Closet(s) Walk-in Countertops-Laminate Deck Covered Eat-In Kitchen Porch Covered Porch Open Water Heater Electric
REO No
Status Detail 0
Area Huntington County
High School Huntington North
City Roanoke
School District Huntington County Community
Total Sq Ft 3584
Elementary School Roanoke
Middle School Crestview
Legal Description 020-00408-00 ORIG PLAT EX 58 FT WEST LOT 8
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202621469
Agent First Name Kandi
Agent Last Name Camomile
DOM 1
Tax Year 2026
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InteriorBasement Partial Basement Outside Entrance Only Unfinished
Flooring Carpet Vinyl
Beds 4
Total Number of Units 2
Microwaves 0
Refrigerators 2
Washers 2
Dryer(s) 2
Dishwasher(s) 0
Disposal(s) 0
Above Grade Bedrooms 4
Below Grade Baths 0
Below Grade Bedrooms 0
Total Rooms Below Grade 1
Ranges/Ovens 2
W/D Hookups 2
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ExteriorExterior Wood
Driveway Gravel
Pool No
Number of Parking Spaces 4
Lot Size Area 7405
Lot Dimensions 66x111
Lot Description Corner
Water Meters 2
Electric Meters 2
Outbuilding None
Gas Meters 2
Waterfront Y/N No
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* Excluded FeaturesList ByKandi CamomileListing Agent
Dream Home Designs & RealtyBroker
Affordability Calculator
- Monthly Principal & Interest
- $1,385
- Monthly Property Taxes
- $156
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Roanoke, IN
Average List Price $207,500
Percent of Sale Price 8%
About Roanoke, IN 1,675 Population
14% Since 2002
$ 59,191 Median Income
42.61 Median Age
29% Households with Children
Trends Information provided by ATTOM Data Solutions.
1236008 Elementary School
1236480 Middle School
Huntington North High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/4/2026 | $225,000 | | Listed Price |