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    840-842 Columbia Ave Fort Wayne, IN 46805

    Sponsored
    For Sale
    Pending
    $315,000

    Eightplex, Foursquare - Fort Wayne, IN

    Property size:
    5,008 SF
    Lot size:
    0.16 Acres
    Days on Market:
    25
    Last Refresh:
    Jan 5 at 4:06 pm

    Property Features for 840-842 Columbia Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    8
    Bathrooms
    8
    APN
    02-12-01-181-007.000-074
    Parking features
    Off Street
    EntryLevel
    Main,Upper
    Exterior features
    Basement, Ceiling Fan, Off Street Parking, Water Heater Electric, Water Heater Gas, Sump Pump, Washer Hook-up, None
    Basement Y/N
    1
    Appliances
    Range
    Size
    5,008 SF
    Lot size
    0.16 Acres

    Utilities

    Heating system
    Electric (Heating), Forced Air, Natural Gas

    Building Details

    Floors in Building
    2
    Number of units
    8
    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 12, 2025

    MLS# 202530921 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

    Fort Wayne Eightplex Investment Opportunity

    This is an eight-unit apartment building containing over 5008 square feet and a full basement. Located in the Columbia Avenue Local Historic District of Fort Wayne, Indiana, all units are currently rented. The property features updated bathrooms and kitchens. There are two gas furnaces and four hot water heaters, three of which are new. The building is equipped with seven electric meters, eight refrigerators, and eight ranges. Updated circuit breaker panels are in place, along with a new water line and sewer line replaced with a check valve. The lot size is 0.16 acres. The owner is responsible for all utilities. Gross rental income is $82,000 per year. An investment loan option is available based on rent income.
    Property Profile Insight Report 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 - Eight-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/Year; - Fully Rented 8-Plex: Immediate Cash Flow; - Updated Systems: New Water and Sewer Lines with Check Valve, Updated Bathrooms and Kitchens, Updated Circuit Breaker Panels
    (260) 460-7707
    Request Owner's contact information
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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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