$450,000
$25K PRICE DROP

Estimated payment $3,094/month

Total Views 4,330
5 Beds
4.5 Baths
2,880 Sq Ft
$156 Price per Sq Ft

Highlights

  • Fenced Yard
  • 2 Car Detached Garage
  • Level Lot
  • Balcony
  • Porch
  • 2-minute walk to West Central Playlot

About This Home

An exceptional opportunity to own a fully renovated, professionally managed fourplex in one of Fort Wayne’s most vibrant and sought-after locations. Perfectly positioned near Parkview Field, Electric Works, and The Fairfield, this charming multi-family property offers a strong blend of consistent cash flow and long-term appreciation potential. The property includes a total of four units: three well-designed 1 bedroom, 1 bathroom units, and one larger 2 bedroom, 1.5 bathroom unit—ideal for attracting a variety of tenants. Two of the units are currently operating as short-term Airbnb rentals. The remaining two units are leased as long-term rentals, providing steady, reliable income. Each unit is professionally managed by industry experts, making this a truly hassle-free investment. In 2021, the property underwent a comprehensive renovation, including a brand-new roof, all new windows, updated plumbing and electrical systems, and new appliances. Whether you’re a seasoned investor or just beginning to build your portfolio, this fourplex checks every box—location, condition, and income. With continued growth and development in downtown Fort Wayne, this is the kind of property that only gets more valuable with time. Don’t miss your chance to own a rare, turnkey investment in a rapidly growing market.

Listing Agent

Ashley Davidson

CENTURY 21 Bradley Realty, Inc Brokerage Phone: 260-416-2972 Listed on: 06/23/2025

CENTURY 21 Bradley Realty, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,563

Year Built

  • Built in 1940

Lot Details

  • 5,440 Sq Ft Lot
  • Lot Dimensions are 40x136
  • Fenced Yard
  • Chain Link Fence
  • Level Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Quadruplex

Interior Spaces

  • 2-Story Property
  • Laminate Countertops
  • Partially Finished Basement

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms

Outdoor Features

  • Balcony
  • Porch

Schools

  • Washington Center Elementary School
  • Portage Middle School
  • Wayne High School

Listing and Financial Details

  • Assessor Parcel Number 02-12-11-133-005.000-074

Community Details

Overview

  • 4 Units
  • G W Ewings Subdivision

Building Details

  • Electric Expense $3,500
  • Insurance Expense $2,000
  • Maintenance Expense $1,500
  • Trash Expense $500
  • Water Sewer Expense $800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,563

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1940
  • Age: 85
  • Style: Two Story
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 5
  • Total Full Bathrooms: 4
  • Total Number of Half Bathrooms: 1
  • Legal Description: G W Ewings 2nd Add Lot 35
  • Parcel Number ID: 02-12-11-133-005.000-074
  • Platted: Yes
  • Amenities: Basement, Fenced Yard, Balcony, Countertops-Laminate, Porch Open
  • Annual Miscellaneous: 3000
  • Monthly Gross Income: 3700
  • Year Taxes Payable: 2025
  • Special Features: None

Interior Features

  • Total Sq Ft: 3600
  • Total Finished Sq Ft: 2880
  • Above Grade Finished Sq Ft: 2880
  • Below Grade Sq Ft: 720
  • Price Per Sq Ft: 156.25
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Flooring: Carpet, Vinyl
  • Main Level Sq Ft: 1440
  • Total Below Grade Sq Ft: 720
  • Number Of Microwaves: 4
  • Number Of Ranges Ovens: 4
  • Number Ttl Rooms Below Grade: 1

Exterior Features

  • Exterior: Aluminum
  • Fence: Chain Link
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 2

Utilities

  • Heating Fuel: Electricity
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 3500
  • Annual Insurance Expense: 2000
  • Annual Maintenance Expense: 1500
  • Annual Trash Expense: 500
  • Annual Water Sewer Expense: 800

Schools

  • School District: Fort Wayne Community
  • Elementary School: Washington Center
  • Middle School: Portage
  • High School: Wayne
  • Elementary School: Washington Center

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 40x136
  • Estimated Lot Sq Ft: 5440
  • Estimated Lot Size Acres: 0.12

Rental Info

  • Owner Pays: Electric, Sewer, Snow Removal, Trash Collection, Water

Multi Family

  • Gross Monthly Rent: 3700
  • Number Of Dishwashers: 4
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Num Of1 Bedrooms: 3
  • Num Of2 Bedrooms: 1
  • Num Of Units Rented: 4

Tax Info

  • Annual Property Tax: 7562.74

MLS Schools

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

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 $7,197 $330,800 $44,500 $286,300
2022 $3,490 $155,300 $44,500 $110,800
2021 $4,842 $216,200 $44,500 $171,700
2020 $1,053 $48,100 $4,900 $43,200
2019 $860 $39,500 $6,700 $32,800
2018 $866 $39,500 $6,700 $32,800
2017 $874 $39,500 $6,700 $32,800
2016 $861 $39,500 $6,700 $32,800
2014 $821 $39,500 $6,700 $32,800
2013 $820 $55,500 $5,800 $49,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2025 07/20/25 Price Changed $450,000 -5.3% $156 / Sq Ft
06/23/2025 06/23/25 For Sale $475,000 +375.0% $165 / Sq Ft
03/20/2019 03/20/19 Sold $100,000 -13.4% $35 / Sq Ft
02/08/2019 02/08/19 Pending -- -- --
02/08/2019 02/08/19 For Sale $115,500 -- $40 / Sq Ft
Source: Indiana Regional MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Meridian Title Corporation
Warranty Deed -- --
Contract Of Sale $54,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,000,000 New Conventional
Closed $303,750 New Conventional
Closed $660,000 Commercial
Previous Owner $45,500 Commercial
Previous Owner $53,000 Commercial
Previous Owner $51,000 Seller Take Back
Source: Public Records

Similar Homes in Fort Wayne, IN

  • 1249 Kinsmoor Ave, Fort Wayne, IN 46807

    $379,900

    • 6 Beds
    • 4 Baths
    • 2,414 Sq Ft
    • 1249 Kinsmoor Ave
    • Fort Wayne, IN

    Discover this breathtaking, newly built DUPLEX, featuring two identical 3-bedroom, 2-bathroom units, each spanning 1,207 square feet of modern elegance and practicality. Designed with open-concept layouts, these homes boast sleek quartz kitchens outfitted with stainless steel appliances—ideal for hosting gatherings or savoring daily life. Revel in the convenience of in-unit laundry rooms complete

    Jessica Arnold North Eastern Group Realty

    Section Image
  • 1208 Delta Blvd, Fort Wayne, IN 46805

    $399,900

    • 5 Beds
    • 4 Baths
    • 4,530 Sq Ft
    • 1208 Delta Blvd
    • Fort Wayne, IN

    Own a one of a kind piece of history in this Lakeside Duplex with over 4500 Sq Ft. Built by Jack Golden (House of Golden Dept. Store) and designed by Architect Edwin A. Gibson. Stunningly situated on a prime lot. Private entrances with each having an over sized 2 car garage w/openers. Two masonry fireplaces. Beautiful slate and parquet flooring with retro curved ceilings. Anderson windows.

    Tamara Braun Estate Advisors LLC

    Section Image
  • 979 Arthur Heights Dr, Fort Wayne, IN 46818

    $355,000

    • 4 Beds
    • 2.5 Baths
    • 2,200 Sq Ft
    • 979 Arthur Heights Dr
    • Fort Wayne, IN

    Welcome to this beautifully designed 2,200 square foot two-story home, perfect for modern family living. Featuring 4 spacious bedrooms and 2.5 well-appointed bathrooms, this residence offers a balanced blend of comfort, functionality, and style. The main floor boasts an open-concept layout with a large living room, dining area, and a contemporary kitchen complete with ample counter space and

    Spencer Heller Heller & Sons, Inc.

    Section Image

Source: Indiana Regional MLS

MLS Number: 202524110

Indiana Regional MLS

APN: 02-12-11-133-005.000-074