Active

3718 S Wayne Avenue

Triplex • 96Y Old
$299,900 Listed 1 week ago
5 Bedrooms
3 Bathrooms
2696 sqft
0.19 Acres
Basement
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Property Description

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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Property
MLS # 202639701
Date Listed 2026-09-24
Status Active
Property Type Investment
Property SubType Triplex
Finished Square Feet 2,696 sqft
Total Square Feet 4,064 sqft
New Construction No
Style Two Story
Type Triplex
Basement Yes
Bedrooms 5
Bathrooms 3
Annual Taxes $948.00
Year Taxes Payable 2026
Year Built 1930
Virtual Tour listing.arthomephoto.com »
Days on Market 8
Homestead Year No
Room Dimensions
Family Room 795 × 795 Level
4th Bedroom 1 × 1 Level
5th Bedroom 3 × 3 Level
Extra Room 1 × 1 Level
Bathroom Locations
Full Baths 5 Main
External Features
Construction Triplex
Lot Size 8,280 sq ft
Acreage 0.19 Acres
Lot Dimensions 60X138
Fence None
Location
Area Allen County
County Allen
Subdivision Nindes
Township Wayne
City Fort Wayne
State IN
Zip 46807
Schools
School District Fort Wayne Community
Elementary Harrison Hill
Middle School Kekionga
High School South Side
Financial
Assoc. Dues $0.00 Not Applicable
Contact

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MLS# 202639701
Listing Provided Courtesy of Jordan Wildman
eXp Realty, LLC
Home: 260-498-0384

Listing updated September 24, 2026 at 4:45 pm
Last checked 7 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.