$254,900
$5K PRICE DROP

Estimated payment $1,806/month

Total Views 19,692
8 Beds
4 Baths
2,450 Sq Ft
$104 Price per Sq Ft

Highlights

  • Covered Patio or Porch
  • Ceiling Fan
  • Level Lot
  • Walk-In Closet
  • Baseboard Heating
  • 3-minute walk to April's Garden

About This Home

Presenting a fantastic investment in a recently renovated Fourplex. This property features a substantial total of 2,450 sq ft of thoughtfully designed living space, with each of the FOUR units offering a comfortable 2-bedroom, 1-bathroom layout. Recent 2024 renovations ensure modern appeal, and residents benefit from the convenience of off-street parking. 3 UNITS ARE RENTED with the highest rent being $1001/mo! All the electric is split and water is reimbursed monthly by the tenants so all utilities are passed on! This can be additionally purchase with 320 Brandriff for a total of 6 units or this would make a fantastic house hack for a newer investor wanting to maximize their downpayment! The location is truly exceptional, offering easy access to The Electric Works Campus, the excitement of Parkview Field, and the tranquility of the Foellinger-Freimann Botanical Conservatory. Downtown Fort Wayne, with its array of amenities, is also conveniently located within a 15-minute walk. This is a superb opportunity to acquire an income-generating property in a highly desirable and well-connected neighborhood.

Listing Agent

Jordan Wildman

eXp Realty, LLC Brokerage Phone: 260-498-0384 Listed on: 05/02/2025

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,135

Year Built

  • Built in 1890

Lot Details

  • 7,050 Sq Ft Lot
  • Lot Dimensions are 47x150
  • Level Lot

Home Design

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

Interior Spaces

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

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Walk-In Closet
  • 4 Full Bathrooms

Parking

  • 1 Car Garage
  • Off-Street Parking

Schools

  • Fairfield Elementary School
  • Memorial Park Middle School
  • South Side High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating

Additional Features

  • Covered Patio or Porch
  • Suburban Location

Listing and Financial Details

  • The owner pays for building insurance, lawn maintenance, sewer, snow removal, tax
  • Assessor Parcel Number 02-12-11-404-014.000-074
  • Seller Concessions Not Offered

Community Details

Overview

  • 4 Units
  • Williams Woodland Park Subdivision

Pet Policy

  • Pet Restriction

Building Details

  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Maintenance Expense $2,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,135

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1890
  • Age: 135
  • Style: Two Story
  • Bedrooms: 8
  • Number Above Grade Bedrooms: 8
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: LOT 33 WILLIAMS ADDITION
  • Parcel Number ID: 02-12-11-404-014.000-074
  • Platted: Yes
  • Amenities: Basement, Ceiling Fan, Off Street Parking, Closet(s) Walk-in, Porch Covered
  • Location: City/Town/Suburb
  • Road Surface: Paved
  • Monthly Gross Income: 3401
  • Year Taxes Payable: 2025
  • Special Features: None

Interior Features

  • Total Sq Ft: 3681
  • Total Finished Sq Ft: 2450
  • Above Grade Finished Sq Ft: 2450
  • Below Grade Sq Ft: 1231
  • Price Per Sq Ft: 104.04
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Flooring: Carpet, Mixed, Vinyl
  • Main Level Sq Ft: 1231
  • Total Below Grade Sq Ft: 1231
  • Number Of Ranges Ovens: 4
  • Number Ttl Rooms Below Grade: 2

Exterior Features

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

Garage/Parking

  • Number Of Parking Spaces: 4
  • Parking: Off Street

Utilities

  • Cooling: Window
  • Heating Fuel: Baseboard
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: NIPSCO
  • Water Company: Fort Wayne City Utilities
  • Hvac: Ceiling Fan
  • Annual Maintenance Expense: 2900
  • Number Electric Meters: 4
  • Number Gas Meters: 1
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Fort Wayne Community
  • Elementary School: Fairfield
  • Middle School: Memorial Park
  • High School: South Side
  • Elementary School: Fairfield

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 47X150
  • Estimated Lot Sq Ft: 7050
  • Estimated Lot Size Acres: 0.16
  • Lot Number: 33

Rental Info

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

Multi Family

  • Gross Monthly Rent: 3401
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Num Of2 Bedrooms: 4
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 5134.82

MLS Schools

  • High School: South Side
  • Middle School: Memorial Park
  • 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 $4,280 $224,600 $22,600 $202,000
2022 $2,896 $129,200 $13,200 $116,000
2021 $2,114 $94,700 $5,700 $89,000
2020 $2,067 $94,700 $5,700 $89,000
2019 $2,062 $94,700 $5,700 $89,000
2018 $1,339 $61,100 $5,700 $55,400
2017 $1,135 $51,300 $5,700 $45,600
2016 $1,018 $46,700 $5,700 $41,000
2014 $538 $25,900 $6,300 $19,600
2013 $212 $10,200 $6,300 $3,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2025 05/20/25 Price Changed $254,900 -1.9% $104 / Sq Ft
05/02/2025 05/02/25 For Sale $259,900 +18.1% $106 / Sq Ft
03/30/2023 03/30/23 Sold $220,000 0.0% $90 / Sq Ft
03/30/2023 03/30/23 Pending -- -- --
02/20/2023 02/20/23 For Sale $220,000 +23.6% $90 / Sq Ft
10/22/2021 10/22/21 Sold $178,000 -3.8% $73 / Sq Ft
09/14/2021 09/14/21 For Sale $185,000 +19.4% $76 / Sq Ft
04/26/2019 04/26/19 Sold $155,000 -8.3% $63 / Sq Ft
03/14/2019 03/14/19 Price Changed $169,000 -3.4% $69 / Sq Ft
01/31/2019 01/31/19 For Sale $175,000 0.0% $71 / Sq Ft
01/25/2019 01/25/19 Pending -- -- --
12/16/2018 12/16/18 For Sale $175,000 -- $71 / Sq Ft
Source: Indiana Regional MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $220,000 None Listed On Document
Deed $178,000 None Available
Quit Claim Deed -- Centurion Land Title Inc
Warranty Deed $175,061 Centurion Land Title
Warranty Deed $131,625 Centurion Land Title Inc
Warranty Deed -- Trademark Title
Quit Claim Deed -- Trademark Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $165,000 New Conventional
Previous Owner $133,500 Future Advance Clause Open End Mortgage
Previous Owner $583,000 Future Advance Clause Open End Mortgage
Previous Owner $131,625 New Conventional
Previous Owner $131,625 New Conventional
Previous Owner $80,000 Commercial
Source: Public Records

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Source: Indiana Regional MLS

MLS Number: 202515848

Indiana Regional MLS

APN: 02-12-11-404-014.000-074