Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2404 N Clinton Street Fort Wayne, IN 46805

    View on Map
    Claim this Listing
    Pending
    $214,900

    Duplex - Fort Wayne, IN

    Type:Duplex
    Property size:
    1,790 SF
    Lot size:
    0.15 Acres
    Added:
    Oct 28, 2025
    Days on Market:
    185
    Last Refresh:
    Apr 30 at 11:06 am

    Property Features for 2404 N Clinton Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
    Exterior features
    Off Street Parking, None
    Basement Y/N
    1
    Appliances
    Dryer, Range
    Standard status
    Pending
    APN
    02-07-35-278-010.000-074
    Size
    1,790 SF
    Lot size
    0.15 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Floors in Building
    1
    Number of units
    2
    Flooring type
    Carpet
    Architectural style
    Other

    We can help!

    Listing Contact
    Adam Gerig

    Listing agent Adam Gerig

    Listing office CENTURY 21 Bradley Realty, Inc 2928 E Dupont Road, Fort Wayne, IN

    Listing date Oct 28, 2025

    MLS# 202543705 Listing URL

    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.

    Overview

    Well-Maintained Duplex in Fort Wayne

    This well-maintained duplex is located in Fort Wayne, Indiana. The property features a unit mix consisting of a 2-bedroom, 1-bathroom unit and a 1-bedroom, 1-bathroom unit. The property is currently generating over $2100 per month. The property includes a large garage that is currently being used by a business, presenting the potential for additional income. The lot size is 0.15 acres, and the property size is 1790 square feet. The property is located in Allen County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.139094
    Latitude
    41.097258

    Nearby Similar for Sale

    • $450,000

      High Visibility Commercial Property

      Commercial property with high visibility and traffic flow.
      3112 N Clinton Street, Fort Wayne, IN 46805
      View Details
    • $379,999

      Retail Ready Commercial Property

      High-visibility corner lot suitable for retail or convenience operations.
      2915 S Calhoun Street, Fort Wayne, IN 46807
      View Details
    • $450,000

      Iconic Restaurant Opportunity in Fort Wayne

      Turnkey restaurant for sale in a prime Fort Wayne location.
      1820 Bluffton Road, Fort Wayne, IN 46809-1306
      View Details
    • $2,000,000

      Aboite Township Mixed-Use Opportunity

      Open concept building in medical office community with flexible layout.
      7619 W Jefferson Boulevard, Fort Wayne, IN 46804
      View Details
    • $300,000

      Immaculate Church Building on Corner Lot

      Well-maintained church building with finished basement and great visibility.
      639 Putnam Street, Fort Wayne, IN 46808
      View Details
    • $299,900

      Fort Wayne Commercial Opportunity

      1,408 SF commercial property with high visibility in Fort Wayne.
      3425 Hobson Road, Fort Wayne, IN 46805
      View Details
    • $350,000

      Restaurant and Redevelopment Opportunity

      8,335 SF building with restaurant and redevelopment potential.
      2650 S Coliseum Boulevard, Fort Wayne, IN 46803
      View Details
    • $580,000

      Unique Castle-Inspired Retail Opportunity

      Distinctive property with high visibility, suitable for diverse commercial uses.
      6623 SR 930, Fort Wayne, IN 46803
      View Details
    • $650,000

      Historic Landmark Ready for Renovation

      Five-story mixed-use building in downtown Fort Wayne, ready for renovation.
      812 S Calhoun Street, Fort Wayne, IN 46802-2302
      View Details
    • $299,000

      Downtown Fort Wayne Bar Property

      Bar/Restaurant property in vibrant downtown Fort Wayne, near key attractions.
      1407 S Calhoun Street, Fort Wayne, IN 46802-3421
      View Details
    • $225,000

      Turnkey Restaurant/Bar in Fort Wayne

      Commercial property in Fort Wayne's historic Main Street district.
      1201 W Main Street, Fort Wayne, IN 46808
      View Details
    • $574,900
      4,958 SF

      Fully Rented Eight-Unit Building

      Income-producing eight-unit building with recent updates in Fort Wayne.
      1821 E Pontiac Street, Fort Wayne, IN 46803
      View Details

    FAQs

    What type of property is this?
    Duplex - Duplex with income potential and garage in Fort Wayne.
    Where is this duplex located?
    The property is located at 2404 N Clinton Street Fort Wayne, IN.
    What is the asking price?
    The asking price for this property is $214,900.
    What are key features of this property?
    This property features: Currently generating over $2100/month in rental income.; Duplex property with a 2/1 unit and a 1/1 unit.; Large garage offers potential for additional income.
    (260) 399-1177
    We can help!
    Listing Contact
    Adam Gerig
    Real Estate License ID: RB14050946
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!