Active

462 E Suttenfield Street

Duplex • 111Y Old
$89,900 Listed 4 months ago
4 Bedrooms
2 Bathrooms
1685 sqft
0.05 Acres
Basement Outbuilding
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Property Description

Conveniently located near downtown, this duplex presents an incredible opportunity for investors, flippers, or owner-occupants looking to build equity and customize a property from the ground up. The owner has already taken the property all the way down to the studs, giving you a clean slate to design and finish exactly how you envision. With the major demolition already completed, you can move directly into rebuilding and installing all new electrical, plumbing, HVAC, windows, finishes, and other updates to create a modern income-producing property. Basement walls are solid, and the property offers strong upside potential for the right buyer. Plans and blueprints are available to help guide the design and layout, while still allowing flexibility to customize the duplex to your liking. Estimated rental income after completion is approximately $1,300–$1,500 per side, with an estimated after-repair value around $240,000–$250,000. The owner is a licensed contractor and may be willing to discuss completing the renovation for the buyer. FHA 203(k) financing could be a fantastic option — live in one unit while renting the other to help offset your mortgage payment. The possibilities are endless. Don’t miss this opportunity to create value and build wealth with a duplex in a convenient downtown location.

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Property
MLS # 202618627
Date Listed 2026-05-15
Status Active
Property Type Investment
Property SubType Duplex
Finished Square Feet 1,685 sqft
Total Square Feet 2,375 sqft
New Construction No
Style Three Story
Type Duplex
Basement Yes
Bedrooms 4
Bathrooms 2
Year Taxes Payable 2026
Year Built 1915
Virtual Tour propertypanorama.com »
Days on Market 141
Homestead Year No
Additional
Outbuilding Shed
Room Dimensions
Living Room 2 × 0 Level
Bathroom Locations
Full Baths 4 Main
External Features
Construction Duplex
Lot Size 2,347 sq ft
Acreage 0.05 Acres
Lot Dimensions 30 x 77
Out Buildings Shed
Fence None
Location
Area Allen County
County Allen
Subdivision Purman(s)
Township Wayne
City Fort Wayne
State IN
Zip 46803
Schools
School District Fort Wayne Community
Elementary Fairfield
Middle School Shawnee
High School South Side
Financial
Assoc. Dues $0.00 Not Applicable
Contact

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MLS# 202618627
Listing Provided Courtesy of Jerry Starks
JM Realty Associates, Inc.
Cell: 260-479-8161

Listing updated July 20, 2026 at 1:30 pm
Last checked 2 minutes ago

IDX information provided by the Indiana Regional MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.