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Triplex with Detached Garage
New
For Sale
$269,900

7321 Ideal Avenue, Fort Wayne, IN 46809

INVESTMENT, One and Half Story, Fort Wayne, IN

Property Size2,412 SF
Lot Size0.64 Acres
Price / SF$111.90
Days on Market3

Property Features for 7321 Ideal Avenue

General Information

Property type Residential Multi Family
Property subtype Triplex
Bedrooms 5
Bathrooms 4
Full bathrooms 3
Half bathrooms 1
Rooms Bedroom 2, Bathroom 2, Basement, Bedroom 3, Bedroom 5, Bathroom 1, Bathroom 4, Bedroom 1, Bathroom 3, Bedroom 4
Parking 8
Parking features Garage
Fireplace 1
Basement Block
Subdivision Waynedale
Lot features City/ Town/ Suburb, Level
Elementary school Waynedale
Middle school Portage
High school Wayne
Elementary school district Fort Wayne Community
Middle school district Fort Wayne Community
High school district Fort Wayne Community
Directions Enter into GPS.
Standard status Active
APN 02-12-33-130-010.000-074
Size 2,412 SF
Lot size 0.64 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description S 124.9 FT LOT 6 GEO E MASON SUB
Tax Annual Amount 768
Legal Description S 124.9 FT LOT 6 GEO E MASON SUB

Utilities

Cooling system Wall Unit(s)

Amenities

shared common laundry room
large yard
swing set

Building Details

Year built 1925
Floors in Building 1
Number of units 3
Flooring type Vinyl, Carpet
Roof type Flat
Architectural style Other
Listing Agency: eXp Realty, LLC
Listed By: Jordan Wildman · License #RB19001056
Added: Sep 17 Changed: Sep 18 Last Checked: Sep 19 at 11:06AM
MLS# 202638584

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 2,412-square-foot triplex, built in 1925, contains three distinct units across a front two-story residence and two ground-level apartments. The primary unit offers three bedrooms, 1.5 bathrooms, basement access, an attached garage space, and entry to the shared laundry room. The other units include a studio with one full bathroom and a one-bedroom apartment with one full bathroom. Heating includes gas forced-air furnaces and electric baseboard service, while cooling is provided by wall and window units. The property also includes carpet and vinyl flooring, a flat roof, aluminum siding, and a fireplace.

Set on a 0.64-acre lot in Fort Wayne, the property has a large yard with a shared swing set and additional off-street parking for the two ground-level units. Electric service is separately metered, while gas and water/trash costs are handled through a Ratio Utility Billing System. A second detached 1.5-car garage provides additional storage or parking capacity.

Key Highlights

  • Three‑unit configuration with 3‑bedroom, studio, and 1‑bedroom layouts
  • 2,412 square feet on a 0.64‑acre lot
  • Built in 1925 with aluminum siding and a flat roof

Property Analytics

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Current Use

Fort Wayne Home ... Real Estate Agency

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Barber Shop

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
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

309
Businesses Nearby

Demographics for 46809, IN

8,946
Population
4,116
Households
2.2
Avg Household Size
40
Median Age
14%
College-Educated
90%
High-School Grad
24.7 sq mi
ZIP Area
362
Density / Sq Mi
$54,362
Median Household Income
$37,988
Median Earnings
$804
Median Rent
$122,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Triplex - Three-unit residential property with varied layouts, separate electric metering, shared laundry, and garage parking.
Where is this triplex located?
The property is located at 7321 Ideal Avenue Fort Wayne, IN.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: Three‑unit configuration with 3‑bedroom, studio, and 1‑bedroom layouts; 2,412 square feet on a 0.64‑acre lot; Built in 1925 with aluminum siding and a flat roof
More about this property
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