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About This Home
This 8-bedroom, 5-bathroom residential multi family at 1004 Delaware Avenue in Fort Wayne, IN is listed for $425,000 ($127 per sqft). the home offers 3,346 sqft of living space on a 0.31 acres lot.
Located in the heart of Fort Wayne's desirable 46805 zip code, this exceptional all brick five unit investment property offers a rare opportunity for investors seeking both character and income potential. Just minutes from the heart of downtown Fort Wayne, Promenade Park, The Landing, dining, entertainment, and cultural attractions, this property is ideally situated in one of the city's most sought after areas.
Built around 1890, the building showcases timeless historic charm, and impressive curb appeal, with architectural details that reflect its rich heritage. The property consists of 3 two bedroom units, 1 one bedroom unit, and 1 studio unit, providing a diverse rental mix.
Major updates include a roof just over three years old with guttering, and windows were replaced approximately 10 years ago. Cedar closets, basement with shared laundry room, and ample spaces in the large parking lot. Whether you're looking to expand your investment portfolio or acquire a distinctive income producing property, this well maintained 5-plex combines historic character, a prime location, and strong rental appeal.
Key Features
- 0.31 acre lot
- 2 stories
Property Details
Amenities
Monthly Cost Estimate
$2,273/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1004 Delaware Avenue
Fort Wayne, IN 46805
Bakers Homestead
Features & Amenities
Exterior Features
Property Details
Flooring
Construction
Parking
Heating
Appliances
Questions & Answers
This 8-bedroom, 5-bathroom residential multi family at 1004 Delaware Avenue is listed at $425,000 ($127/sqft). The estimated monthly payment is $1,842 based on 20% down at 6.5% interest.
Key features include: 0.31 acre lot, 2 stories. Exterior Features: Basement, Off Street Parking, Closet(s) Cedar.
This property is listed by David Springer and can be reached at 2607100482 or dspringer@mikethomasrealtor.com.