Description

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!

Location

Subdivision: Brandriff & Miners

Schools

School district: Fort Wayne Community
Elementary school: South Wayne
Middle school: Portage
High school: South Side

Directions

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Interior Features

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 3
Full bathrooms: 3
Half Bathrooms: 0

Heating

Cooling

Features

Basement:

Interior Area

Total sqft: 3,978
Total finished sqft: 2,652
Finished above ground sqft: 2,652
Finished below ground sqft: 0

Video & virtual tour

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Property

Lot

Size: 0.158 acres
Dimensions: 50X138

Type, Style, & Exterior

Type: Triplex
Style: Two and Half Story
New Construction: No
Year Built: 1926

Utilities

Taxes & Fees

Annual Taxes: $1,345.00

$214,900

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