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    1013 Stophlet St Fort Wayne, IN 46802

    For Sale
    $159,800

    Fourplex - Fort Wayne, IN

    Property size:
    1,436 SF
    Lot size:
    0.07 Acres
    Days on Market:
    87
    Last Refresh:
    Dec 5 at 5:06 pm

    Property Features for 1013 Stophlet St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    Bathrooms
    4
    APN
    02-12-11-154-001.000-074
    Exterior features
    Basement, None
    Basement Y/N
    1
    Appliances
    Range
    Size
    1,436 SF
    Lot size
    0.07 Acres

    Utilities

    Heating system
    Natural Gas

    Building Details

    Floors in Building
    2
    Number of units
    4
    Flooring type
    Carpet, Tile, Vinyl
    Architectural style
    Other

    Century 21 Bradley Realty,Inc. (260) 399-1177 [email protected]

    Listing agent Harrison Bolyard (260) 399-1177 License #RB24001587

    Listing date Sep 10, 2025

    MLS# 202533288 Listing URL

    Copyright © 2025 Upstate Alliance of REALTORS® Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fort Wayne Fourplex For Sale

    This fourplex is located near the Electric Works in Fort Wayne, Indiana. The property features efficiency apartments, including one-bedroom and studio units. The gross rental income totals $2455 per month. The owner currently pays utilities, and after these expenses, the property meets the 1% rule for investors. No upgrades or rehabs are needed. Professional property management currently manages the property and is willing to continue under new ownership. The property size is 1436 square feet, situated on a lot of 0.07 acres. It can be purchased as part of a larger package including other properties. The property is fully occupied.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Restaurant Spa & Massage Law Firm Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.152355
    Latitude
    41.068573

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    FAQs

    What type of property is this?
    Quadplex - Fully occupied fourplex near Electric Works. Ideal investment property.
    Where is this quadplex located?
    The property is located at 1013 Stophlet St Fort Wayne, IN.
    What is the asking price?
    The asking price for this property is $159,800.
    What are key features of this property?
    This property features: - Meets the 1% rule for investors after utilities.; - Gross monthly rental income of $2455.; - Fully occupied fourplex.
    (260) 399-1177
    Request Owner's contact information
    1013 Stophlet St Fort Wayne, IN 46802
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    Fort Wayne, IN 46802
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1013 Stophlet St Fort Wayne, IN 46802
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