$245,000
PENDING

Estimated payment $1,597/month

Total Views 5,726
4 Beds
4 Baths
1,608 Sq Ft
$152 Price per Sq Ft

Highlights

  • Traditional Architecture
  • Forced Air Heating System
  • Carpet
  • Covered Patio or Porch
  • Level Lot

About This Home

Don't miss this Turnkey 4-Plex close to downtown and the Parks. This property is fully occupied and bringing in $3,075 per month. The tenants love this property with off street parking. Owner pays all utilities that average $350-$400 per month. All units were rehabbed before tenants moved in. This includes paint and flooring. This is a great opportunity for an income producing property with great tenants that don't want to leave.

Listing Agent

Rachel Morgan-Hamilton

Beach Vibes Realty Brokerage Email: rachelmh.realty@gmail.com Listed on: 10/09/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,700

Year Built

  • Built in 1900

Lot Details

  • 4,500 Sq Ft Lot
  • Lot Dimensions are 30x150
  • Level Lot

Home Design

  • Quadruplex
  • Traditional Architecture
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • Aggregate Flooring
  • Driveway
  • Off-Street Parking

Outdoor Features

  • Covered Patio or Porch
  • Outbuilding

Location

  • Suburban Location

Schools

  • Forest Park Elementary School
  • Lakeside Middle School
  • North Side High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 02-12-02-229-014.000-074

Community Details

Overview

  • 4 Units
  • Wells Reserve Subdivision

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $2,200
  • Fuel Expense $820
  • Insurance Expense $1,500
  • Maintenance Expense $500
  • Water Sewer Expense $1,250

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,700

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1900
  • Style: Two Story
  • Architectural Style: Traditional
  • Bedrooms: 4
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: SP S 33 OF N 198W SIDE SPY RUN LOTS 4 & 5 WELLS RESERVE
  • Parcel Number ID: 02-12-02-229-014.000-074
  • Platted: Yes
  • Amenities: Off Street Parking, Near Walking Trail, Detector-Carbon Monoxide, Detector-Smoke, Porch Covered, Water Heater Gas
  • Location: City/Town/Suburb
  • Road Access: City
  • Road Surface: Paved
  • Special Features: None

Interior Features

  • Total Sq Ft: 1608
  • Total Finished Sq Ft: 1608
  • Above Grade Finished Sq Ft: 1608
  • Basement: Yes
  • Basement Foundation: Full Basement, Unfinished
  • Flooring: Carpet, Laminate
  • Main Level Sq Ft: 900
  • Number Of Ranges Ovens: 4

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Asphalt, Shingle
  • Stories: 2
  • Outbuilding: Outbuilding
  • Outbuilding Sq Ft: 600

Garage/Parking

  • Driveway: Aggregated, Asphalt
  • Number Of Parking Spaces: 4
  • Parking: Off Street

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: NIPSCO
  • Water Company: Fort Wayne City Utilities
  • Annual Electric: 2200
  • Annual Fuel Expense: 820
  • Annual Insurance Expense: 1500
  • Annual Maintenance Expense: 500
  • Annual Water Sewer Expense: 1250
  • Number Electric Meters: 1
  • Number Gas Meters: 1
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • Elementary School: Forest Park

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 30X150
  • Estimated Lot Sq Ft: 4500
  • Estimated Lot Size Acres: 0.1

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Electric, Fuel, Lawn Maintenance, Sewer, Trash Collection, Water

Tax Info

  • Annual Property Tax: 3700

Multi Family

  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Num Of1 Bedrooms: 3
  • Num Of Efficiencies: 1

MLS Schools

  • High School: North Side
  • Middle School: Lakeside
  • School District: Fort Wayne Community

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,610 $162,000 $18,000 $144,000
2022 $2,457 $109,300 $8,200 $101,100
2021 $2,396 $107,000 $15,400 $91,600
2020 $1,492 $68,200 $3,800 $64,400
2019 $932 $42,800 $3,800 $39,000
2018 $938 $42,800 $3,800 $39,000
2017 $947 $42,800 $3,800 $39,000
2016 $924 $42,400 $3,800 $38,600
2014 $559 $26,900 $3,800 $23,100
2013 $587 $28,300 $2,500 $25,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/07/2025 12/07/25 Pending -- -- --
10/09/2025 10/09/25 For Sale $245,000 +19.5% $152 / Sq Ft
04/25/2022 04/25/22 Sold $205,000 0.0% $127 / Sq Ft View Prior Sale
03/10/2022 03/10/22 Pending -- -- --
03/06/2022 03/06/22 For Sale $204,900 0.0% $127 / Sq Ft
02/26/2022 02/26/22 Pending -- -- --
02/17/2022 02/17/22 Price Changed $204,900 -4.2% $127 / Sq Ft
01/26/2022 01/26/22 For Sale $213,900 +103.9% $133 / Sq Ft
02/26/2020 02/26/20 Sold $104,900 0.0% $60 / Sq Ft View Prior Sale
02/19/2020 02/19/20 Pending -- -- --
02/11/2020 02/11/20 For Sale $104,900 +321.3% $60 / Sq Ft
03/30/2012 03/30/12 Sold $24,900 -21.0% $15 / Sq Ft View Prior Sale
03/15/2012 03/15/12 Pending -- -- --
02/09/2012 02/09/12 For Sale $31,500 -- $20 / Sq Ft
Source: Indiana Regional MLS

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- Metropolitan Title
Warranty Deed -- Metropolitan Title
Warranty Deed -- Metropolitan Title
Warranty Deed $105,735 Centurion Land Title
Warranty Deed -- Lawyers Title
Limited Warranty Deed $28,000 Ash Title Agency Llc
Quit Claim Deed -- Ash Title Agency Llc
Sheriffs Deed $50,692 None Available
Warranty Deed -- Metropolitan Title In Llc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $164,000 New Conventional
Previous Owner $164,000 New Conventional
Previous Owner $79,500 New Conventional
Previous Owner $72,900 Commercial
Source: Public Records

Source: Indiana Regional MLS

MLS Number: 202540868

Indiana Regional MLS

APN: 02-12-02-229-014.000-074