Investment Highlights Turn-Key Cash Flow: Grossing $2,885/month across three distinct, fully occupied units. Prime 07 Location: Nestled on historic South Wayne Ave, immediately adjacent to the highly desirable Illsley Place and Oakdale historic neighborhoods. Legal Triplex: Fully compliant with an established legal triplex variance in place. Utility Efficiency: All utilities are set up on RUBS (Ratio Utility Billing System) for seamless tenant expense pass-throughs. Low Maintenance Exterior: Features durable aluminum siding and a clean, solid exterior profile. Extensive Capital Improvements & Upgrades Roofing: Complete peace of mind with a brand-new shingle roof equipped with gutter guards, plus a new flat roof section. HVAC & Systems: Brand-new furnaces and central A/C units (all units enjoy Central Air; 1 shared high-efficiency heater for upper levels). Gas line was fully repaired/updated just a few years ago. Structural: Foundation wall professional restoration completed. Interior: Complete top-to-bottom interior remodel across all units featuring updated kitchens, modern bathrooms, refreshed flooring, and updated fixtures. Unit Breakdown & Layouts Unit 1 (Main Level - HUGE): Layout: 3 Bedrooms | 1 Full Bathroom (Boasts over 1,200+ sq. ft.) Features: A true showstopper featuring a gorgeous light-filled Solarium Room, expansive living and dining areas, character-rich details, and generous bedroom sizes. Unit 2 (Upper Level): Layout: 1 Bedroom | 1 Full Bathroom Features: Fully remodeled 1-bed layout with stylish finishes and central air. Unit 3 (Upper Level): Layout: 1 Bedroom | 1 Full Bathroom Features: Efficient, fully remodeled 1-bed unit with high tenant demand. On-Site Amenities & Value-Add Potential Coin-Operated Laundry: On-site coin laundry facility located in the huge basement, providing a steady stream of passive bonus income. Bonus Storage: Large basement offers potential for tenant storage lockers or additional owner storage. Future upside in rent increases given the top-tier location and fresh remodel. A rare, fully remodeled 3-unit property in Fort Wayne's booming 46807 zip code.
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Dishwasher, Refrigerator, Range-Electric
| MLS # | 202639696 |
|---|---|
| Date Listed | 2026-09-24 |
| Status | Active |
| Property Type | Residential |
| Property SubType | Site-Built Home |
| Finished Square Feet | 2,696 sqft |
| Total Square Feet | 4,064 sqft |
| New Construction | No |
| Style | Two Story |
| Type | Site-Built Home |
| Basement | Yes |
| Bedrooms | 5 |
| Bathrooms | 3 |
| Annual Taxes | $3,134.70 |
| Year Taxes Payable | 2026 |
| Year Built | 1930 |
| Virtual Tour | listing.arthomephoto.com » |
| Days on Market | 8 |
| Homestead Year | No |
| Cooling | Central Air |
|---|---|
| Heating | Gas, Forced Air |
| Master Bedroom | 12 × 12 | Upper Level |
| 2nd Bedroom | 12 × 12 | Upper Level |
| 3rd Bedroom | 12 × 12 | Upper Level |
| 4th Bedroom | 12 × 12 | Upper Level |
| 5th Bedroom | 12 × 12 | Upper Level |
| Full Baths | 1 Main, 2 Upper |
| Construction | Site-Built Home |
|---|---|
| Exterior | Aluminum,Brick |
| Lot Size | 8,280 sq ft |
| Acreage | 0.19 Acres |
| Lot Dimensions | 60X138 |
| Sewer | City |
| Water | City |
| Fence | None |
| Area | Allen County |
|---|---|
| County | Allen |
| Subdivision | Nindes |
| Township | Wayne |
| City | Fort Wayne |
| State | IN |
| Zip | 46807 |
| School District | Fort Wayne Community |
|---|---|
| Elementary | Harrison Hill |
| Middle School | Kekionga |
| High School | South Side |
| Assoc. Dues | $0.00 Not Applicable |
|---|
MLS# 202639696
Listing Provided Courtesy of Jordan Wildman
eXp Realty, LLC
Home: 260-498-0384
Listing updated September 25, 2026 at 1:15 pm
Last checked 17 minutes ago
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