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Three-Unit Triplex with Garage
For Sale
$189,000

1527 Crescent Avenue, Fort Wayne, IN 46805

INVESTMENT, Two Story, Fort Wayne, IN

Property Size2,822 SF
Lot Size0.16 Acres
Price / SF$66.97
Days on Market16

Property Features for 1527 Crescent Avenue

General Information

Property type Residential Multi Family
Property subtype Triplex
Bedrooms 3
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 3, Basement, Bedroom 3
Parking 4
Parking features Garage
Fireplace 1
Subdivision Forest Park
Lot features Corner, 0-2.9999
Elementary school Forest Park
Middle school Lakeside
High school North Side
Elementary school district Fort Wayne Community
Middle school district Fort Wayne Community
High school district Fort Wayne Community
Directions State Street to Crescent, South on Crescent
Standard status Active
APN 02-07-36-459-011.000-074
Size 2,822 SF
Lot size 0.16 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description LOT 1 BLK 1 FOREST PARK ADD
Tax Annual Amount 564
Legal Description LOT 1 BLK 1 FOREST PARK ADD

Building Details

Year built 1920
Floors in Building 2
Number of units 3
Flooring type Wood, Carpet, Vinyl, Laminate
Architectural style Other
Listing Agency: North Eastern Group Realty
Listed By: Alyssa Schendel · License #RB18002221
Added: Aug 18 Changed: Aug 25 Last Checked: Sep 2 at 4:06AM
MLS# 202633781

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This 2,822-square-foot triplex contains three one-bedroom units within a two-story residential property built in 1920. Each unit has a separate thermostat, and the building uses gas-fired hot-water heat. Interior finishes include wood, carpet, vinyl, and laminate flooring. The main-level unit adds a stone-front wood-burning fireplace and natural hardwood floors. Appliances remain with the property, without warranty.

A one-car garage provides enclosed space for storage, parking, or tenant use and includes a new door and opener. The 0.16-acre property is near PFW and the State Street Corridor, with Lakeside Park within walking distance. The offering is an as-is, where-is sale.

Key Highlights

  • Three one‑bedroom units in a 2,822‑square‑foot triplex
  • 0.16‑acre residential property built in 1920
  • Separate thermostats serve each unit; gas‑fired hot‑water heat

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick HVAC Service Skin Care Clinic Electrical Service (Bike/Boat/Book/etc) Store Furniture & Home Goods Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

532
Businesses Nearby

Demographics for 46805, IN

21,138
Population
10,742
Households
2
Avg Household Size
35
Median Age
27%
College-Educated
92%
High-School Grad
6.4 sq mi
ZIP Area
3,303
Density / Sq Mi
$50,099
Median Household Income
$37,294
Median Earnings
$858
Median Rent
$131,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three separate one-bedroom units offer a flexible residential income configuration.
Where is this triplex located?
The property is located at 1527 Crescent Avenue Fort Wayne, IN.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Three one‑bedroom units in a 2,822‑square‑foot triplex; 0.16‑acre residential property built in 1920; Separate thermostats serve each unit; gas‑fired hot‑water heat
More about this property
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