939 Lincoln Ave Fort Wayne, IN 46807
Historic South Wayne NeighborhoodEstimated payment $1,468/month
Total Views
597
4
Beds
3
Baths
2,652
Sq Ft
$83
Price per Sq Ft
Highlights
- Wood Flooring
- 4 Car Detached Garage
- Forced Air Heating System
- Covered Patio or Porch
- Eat-In Kitchen
- Laundry Facilities
About This Home
Seize the opportunity to own this fully occupied triplex, delivering a strong $2,285/month rental income with additional upside. The property features two 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit, with two of the three units already utilizing RUBS for utility reimbursement, creating room for even greater returns. Unit 1 showcases timeless charm with original hardwood floors rich wood detailing, and a decorative fireplace, while modern updates include a new furnace (2023). A coin-operated laundry in the dry, unfinished basement—accessible via a separate exterior entrance shared with 939 Lincoln Ave and 1001 Lincoln Ave—adds valuable extra income potential. Tenants enjoy a 2-car garage, off-street parking, and convenient access to nearby Lutheran Park, Packard Park, and the Rivergreenway, while being just 3 minutes from shopping, dining, and Electric Works. This is a rare opportunity to acquire a prime investment property with strong income, historic charm, and modern updates in one of Fort Wayne’s most desirable areas. For investors seeking scale, this property can also be packaged with 1001 Lincoln Ave, 1510 Taylor St, and/or 228 W Leith St to create a robust Fort Wayne portfolio!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,269
Year Built
- Built in 1926
Lot Details
- 6,900 Sq Ft Lot
- Lot Dimensions are 50x138
- Level Lot
Home Design
- Triplex
- Shingle Roof
- Asphalt Roof
- Wood Siding
Interior Spaces
- 2.5-Story Property
- Wood Flooring
Kitchen
- Eat-In Kitchen
- Built-In or Custom Kitchen Cabinets
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Full Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Laundry in Basement
Parking
- 4 Car Detached Garage
- Driveway
- Off-Street Parking
Schools
- South Wayne Elementary School
- Portage Middle School
- South Side High School
Utilities
- Forced Air Heating System
- Heating System Uses Gas
- Gas Water Heater
Additional Features
- Covered Patio or Porch
- Suburban Location
Listing and Financial Details
- The owner pays for building insurance, electric, fuel, lawn maintenance, maintenance, tax, trash collection, water
- Assessor Parcel Number 02-12-14-101-011.000-074
- Seller Concessions Not Offered
Community Details
Overview
- 3 Units
- Brandriff & Miners Subdivision
Amenities
- Laundry Facilities
Pet Policy
- Pet Restriction
Building Details
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $1,200
- Fuel Expense $1,200
- Insurance Expense $1,345
- Maintenance Expense $2,500
- Water Sewer Expense $1,200
Map
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Home Values in the Area
Average Home Value in this Area
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 | $2,609 | $143,000 | $15,900 | $127,100 |
| 2022 | $2,452 | $109,100 | $10,500 | $98,600 |
| 2021 | $1,463 | $65,300 | $2,900 | $62,400 |
| 2020 | $1,282 | $58,600 | $2,900 | $55,700 |
| 2019 | $1,250 | $57,400 | $2,900 | $54,500 |
| 2018 | $1,133 | $51,700 | $5,600 | $46,100 |
| 2017 | $1,144 | $51,700 | $5,600 | $46,100 |
| 2016 | $1,127 | $51,700 | $5,600 | $46,100 |
| 2014 | $808 | $38,900 | $6,400 | $32,500 |
| 2013 | $814 | $39,200 | $6,400 | $32,800 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/02/2025 09/02/25 | For Sale | $219,900 | -- | $83 / Sq Ft |
Source: Indiana Regional MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $170,000 | -- | |
| Corporate Deed | -- | None Available | |
| Sheriffs Deed | $68,636 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $127,500 | New Conventional | |
| Previous Owner | $165,000 | Stand Alone Refi Refinance Of Original Loan |
Source: Public Records
Similar Homes in Fort Wayne, IN
Source: Indiana Regional MLS
MLS Number: 202535170
APN: 02-12-14-101-011.000-074
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