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    840-842 Columbia Ave Fort Wayne, IN 46805

    New
    For Sale
    $315,000

    House - Fort Wayne, IN

    Type:Single Family Residence
    Lot size:
    0.16 Acres
    Days on Market:
    4
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 840-842 Columbia Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Single Family Residence
    Standard status
    Active
    Zoning
    Multi family, rentals.
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Kitchen
    Bathrooms
    8
    APN
    02-12-01-181-007.000-074
    Parking
    12
    Parking features
    Off Street
    Interior features
    Drywall, Alley
    Exterior features
    Alley
    Lot size
    0.16 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1920
    Floors in Building
    3
    Flooring type
    Vinyl
    Roof type
    Asphalt
    Architectural style
    Other

    Keller Williams Realty Group (260) 460-7707 [email protected]

    Listing agent Gary Brigman (260) 460-7707 License #RB14037898

    Listing date Dec 2, 2025

    MLS# 202535744 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 8-Plex Apartment Building

    This is a commercial apartment building with eight units, all of which are currently rented. The property encompasses over 5708 square feet and includes a full basement. The owner is responsible for all utility payments. The building is equipped with two gas furnaces, four hot water heaters (three of which are new), seven electric meters, eight refrigerators, and eight ranges. Updated circuit breaker panels are in place, and the water and sewer lines have been replaced with a check valve. The bathrooms and kitchens have been updated. The property is located in the Columbia Avenue Local Historic District. The gross rental income is $82,000 per year. The lot size is 0.16 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Law Firm Clothing Store Building Supply 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
    -85.128329
    Latitude
    41.083307

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    FAQs

    What type of property is this?
    Apartment building - 8-unit apartment building in Fort Wayne's historic Columbia Avenue district.
    Where is this apartment building located?
    The property is located at 840-842 Columbia Ave Fort Wayne, IN.
    What is the asking price?
    The asking price for this property is $315,000.
    What are key features of this property?
    This property features: - High Gross Rental Income: $82,000 per year.; - Fully Rented: All 8 units are currently occupied.; - Updated Systems: Features new water and sewer lines with check valve, updated circuit breaker panels, and multiple new hot water heaters.
    (260) 460-7707
    Request Owner's contact information
    840-842 Columbia Ave Fort Wayne, IN 46805
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    Fort Wayne, IN 46805
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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
    840-842 Columbia Ave Fort Wayne, IN 46805
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