$146,900
$8K PRICE DROP

Estimated payment $982/month

Total Views 30,474
4 Beds
3 Baths
1,818 Sq Ft
$81 Price per Sq Ft

Highlights

  • Wood Flooring
  • Covered Patio or Porch
  • Level Lot

About This Home

Seeking a reliable investment opportunity with immediate returns? This FULLY OCCUPIED triplex bringing in 1935/mo + All utilities passed on to tenants via billback. It is positioned near the exciting Electric Works development offers exactly that. Featuring one efficiency unit, one 1-bedroom unit, and a spacious 2-bedroom unit, this property caters to a variety of renters, maximizing your potential income. To ensure year-round comfort for your tenants and potentially higher rental rates, mini-split AC units have been installed in each unit. Don't miss this chance to own a piece of a thriving location with a property poised for long-term success!

Listing Agent

Jordan Wildman

eXp Realty, LLC Brokerage Phone: 260-498-0384 Listed on: 02/07/2025

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,405

Year Built

  • Built in 1900

Lot Details

  • 6,200 Sq Ft Lot
  • Lot Dimensions are 40x155
  • Level Lot

Home Design

  • Triplex
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

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

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Off-Site Parking

Schools

  • South Wayne Elementary School
  • Portage Middle School
  • South Side High School

Additional Features

  • Covered Patio or Porch
  • Suburban Location
  • Heat Pump System

Listing and Financial Details

  • The owner pays for building insurance, electric, lawn maintenance, maintenance, sewer, snow removal, tax, water
  • Assessor Parcel Number 02-12-11-359-012.000-074

Community Details

Overview

  • 3 Units
  • Wayne Subdivision

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $1,300
  • Maintenance Expense $1,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,405

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1900
  • Age: 125
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: LOT 14 C K FAIRFIELDS 3RD ADD
  • Parcel Number ID: 02-12-11-359-012.000-074
  • Platted: Yes
  • Amenities: Basement, Countertops-Laminate, Porch Covered
  • Location: City/Town/Suburb
  • Monthly Gross Income: 1935
  • Year Taxes Payable: 2024
  • Special Features: None

Interior Features

  • Total Sq Ft: 2717
  • Total Finished Sq Ft: 1818
  • Above Grade Finished Sq Ft: 1818
  • Below Grade Sq Ft: 899
  • Price Per Sq Ft: 80.8
  • Basement: Yes
  • Basement Foundation: Full Basement, Unfinished
  • Flooring: Carpet, Laminate, Wood
  • Total Below Grade Sq Ft: 899
  • Number Of Ranges Ovens: 3
  • Number Ttl Rooms Below Grade: 1

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Asphalt
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 2
  • Parking: Off Site

Utilities

  • Cooling: Heat Pump
  • Heating Fuel: Electricity
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: NIPSCO
  • Water Company: Fort Wayne City Utilities
  • Annual Insurance Expense: 1300
  • Annual Maintenance Expense: 1500
  • Number Electric Meters: 1
  • Number Gas Meters: 1
  • Number Water Meters: 1

Schools

  • School District: Fort Wayne Community
  • Elementary School: South Wayne
  • Middle School: Portage
  • High School: South Side
  • Elementary School: South Wayne

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 40X155
  • Estimated Lot Sq Ft: 6200
  • Estimated Lot Size Acres: 0.14
  • Lot Number: 14

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Electric, Lawn Maintenance, Maintenance, Sewer, Snow Removal, Tax, Water
  • Tenant Pays: Electric, Fuel, Water

Multi Family

  • Gross Monthly Rent: 1935
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1
  • Num Of Efficiencies: 1
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 2405.08

MLS Schools

  • High School: South Side
  • Middle School: Portage
  • School District: Fort Wayne Community

Map

Range of Values:

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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 $2,405 $116,200 $14,700 $101,500
2023 $2,405 $105,200 $20,300 $84,900
2022 $2,437 $70,100 $7,500 $62,600
2021 $2,437 $108,800 $5,200 $103,600
2020 $1,573 $71,900 $5,200 $66,700
2019 $1,566 $71,900 $5,200 $66,700
2018 $763 $34,800 $5,200 $29,600
2017 $655 $29,600 $5,200 $24,400
2016 $668 $29,400 $5,200 $24,200
2014 $480 $23,100 $5,400 $17,700
2013 $206 $9,900 $5,400 $4,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2025 07/09/25 Price Changed $146,900 -2.0% $81 / Sq Ft
06/03/2025 06/03/25 Price Changed $149,900 -2.0% $82 / Sq Ft
03/17/2025 03/17/25 Price Changed $153,000 -1.2% $84 / Sq Ft
02/07/2025 02/07/25 For Sale $154,900 +63.1% $85 / Sq Ft
12/11/2020 12/11/20 Sold $95,000 -13.6% $52 / Sq Ft
11/20/2020 11/20/20 Pending -- -- --
11/16/2020 11/16/20 For Sale $110,000 +175.0% $61 / Sq Ft
09/20/2019 09/20/19 Sold $40,000 0.0% $22 / Sq Ft
09/13/2019 09/13/19 Pending -- -- --
09/05/2019 09/05/19 For Sale $40,000 -- $22 / Sq Ft
Source: Indiana Regional MLS

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Centurion Land Title Inc
Warranty Deed -- Centurion Land Title
Warranty Deed -- Centurion Land Title Inc
Warranty Deed $40,000 Burt Blee Dixon Sutton & Bloom
Warranty Deed -- None Available
Warranty Deed -- Meridian Title Corporation
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $66,500 New Conventional
Source: Public Records

Source: Indiana Regional MLS

MLS Number: 202503977

Indiana Regional MLS

APN: 02-12-11-359-012.000-074