$130,000
$10K PRICE DROP

Estimated payment $887/month

Total Views 13,418
4 Beds
3 Baths
1,540 Sq Ft
$84 Price per Sq Ft

Highlights

  • Wood Flooring
  • Porch
  • Level Lot

About This Home

This updated 1,540 sq ft triplex features two 1 bed/1 bath units and one 2 bed/1 bath unit—designed for comfort and low-maintenance living. With vinyl siding, a shared basement with W/D hook-ups, and off-street parking for all tenants, this property is ideal for investors seeking strong, stable returns. FULLY OCCUPIED, the building brings in $1,689/month in rent, plus utility reimbursements: Units 1 & 2 pay $120/month, and Unit 3 pays its own electric and $80/month for gas and water. With updates and a solid rental history, this turnkey asset is a smart addition to any growing portfolio!

Listing Agent

Jordan Wildman

eXp Realty, LLC Brokerage Phone: 260-498-0384 Listed on: 06/19/2025

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,396

Year Built

  • Built in 1925

Lot Details

  • 3,132 Sq Ft Lot
  • Lot Dimensions are 36x87
  • Level Lot

Home Design

  • Triplex
  • Flat Roof Shape
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Unfinished Basement
  • Block Basement Construction
  • Built-In or Custom Kitchen Cabinets
  • Washer Hookup

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Off-Street Parking

Schools

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

Additional Features

  • Porch
  • Suburban Location
  • Radiator

Listing and Financial Details

  • The owner pays for building insurance, electric, fuel, lawn maintenance, maintenance, snow removal, water
  • Assessor Parcel Number 02-12-14-481-015.000-074
  • Seller Concessions Not Offered

Community Details

Overview

  • 3 Units
  • Piqua Place Subdivision

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $850
  • Fuel Expense $2,000
  • Insurance Expense $1,845
  • Maintenance Expense $550
  • Water Sewer Expense $1,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,396

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1925
  • Style: Two Story
  • Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: LOT 8 PIQUA PLACE ADD
  • Parcel Number ID: 02-12-14-481-015.000-074
  • Platted: Yes
  • Amenities: Porch Open, Washer Hook-Up, Custom Cabinetry
  • Location: City/Town/Suburb
  • Special Features: None

Interior Features

  • Total Sq Ft: 2322
  • Total Finished Sq Ft: 1540
  • Above Grade Finished Sq Ft: 1540
  • Above Grade Unfinished Sq Ft: 72
  • Below Grade Sq Ft: 710
  • Basement: Yes
  • Basement Foundation: Unfinished
  • Basement Material: Block
  • Flooring: Carpet, Wood, Tile
  • Main Level Sq Ft: 782
  • Total Below Grade Sq Ft: 710
  • Number Of Ranges Ovens: 3

Exterior Features

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

Garage/Parking

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

Utilities

  • Heating Fuel: Electricity, Radiator
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: NIPSCO
  • Water Company: Fort Wayne City Utilities
  • Annual Electric: 850
  • Annual Fuel Expense: 2000
  • Annual Insurance Expense: 1845
  • Annual Maintenance Expense: 550
  • Annual Water Sewer Expense: 1700
  • Number Electric Meters: 2
  • Number Gas Meters: 1
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • Elementary School: South Wayne

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 36X87
  • Estimated Lot Sq Ft: 3132
  • Estimated Lot Size Acres: 0.07
  • Lot Number: 8

Rental Info

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

Tax Info

  • Annual Property Tax: 2395.94

Multi Family

  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of1 Bedrooms: 2
  • Num Of2 Bedrooms: 1

MLS Schools

  • High School: South Side
  • Middle School: Portage
  • 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 $1,589 $104,800 $16,500 $88,300
2022 $1,205 $53,600 $3,400 $50,200
2021 $1,111 $49,600 $1,000 $48,600
2020 $1,068 $48,800 $900 $47,900
2019 $782 $35,900 $1,000 $34,900
2018 $787 $35,900 $1,000 $34,900
2017 $434 $19,600 $1,000 $18,600
2016 $427 $19,600 $1,000 $18,600
2014 $407 $19,600 $1,000 $18,600
2013 $241 $11,600 $1,000 $10,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/27/2025 10/27/25 Price Changed $130,000 -2.3% $84 / Sq Ft
10/03/2025 10/03/25 Price Changed $133,000 -1.4% $86 / Sq Ft
07/04/2025 07/04/25 Price Changed $134,900 -3.6% $88 / Sq Ft
06/20/2025 06/20/25 For Sale $139,900 -- $91 / Sq Ft
Source: Indiana Regional MLS

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed -- None Listed On Document
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $93,750 New Conventional
Source: Public Records

Source: Indiana Regional MLS

MLS Number: 202523535

Indiana Regional MLS

APN: 02-12-14-481-015.000-074