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5-Unit Apartment Building
For Sale
$425,000
Pending

1004 Delaware Avenue, Fort Wayne, IN 46805

MULTI_FAMILY - Other - Fort Wayne, IN

Property Size3,346 SF
Lot Size0.31 Acres
Days on Market48

Property Features for 1004 Delaware Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 8
Bathrooms 5
Full bathrooms 5
Rooms Bathroom 2, Bedroom 1, Bedroom 8, Basement, Bedroom 7, Bathroom 4, Bathroom 1, Bedroom 6, Bathroom 3, Bedroom 4, Bathroom 5, Bedroom 2, Bedroom 3, Bedroom 5
Parking 6
Parking features Off Street
Fireplace 1
Subdivision Bakers Homestead
Lot features City/ Town/ Suburb, Level, Slope
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 Saint Joseph Road to Delaware Past Bayer, home is on the right
Standard status Pending
APN 02-07-36-379-001.000-074
Size 3,346 SF
Lot size 0.31 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description W 84.5 Ft Frl Lot A Baker Homestead Add
Tax Annual Amount 2400
Legal Description W 84.5 Ft Frl Lot A Baker Homestead Add

Amenities

cedar closets
shared laundry room
large parking lot

Building Details

Year built 1863
Floors in Building 2
Number of units 5
Flooring type Wood, Carpet, Mixed, Tile
Architectural style Other
Listing Agency: Mike Thomas Assoc., Inc
Listed By: David Springer · License #RB14039688
Added: Jun 19 Changed: Aug 2 Last Checked: Aug 5 at 4:06PM
MLS# 202624232

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.

All-brick 5-unit apartment building in Fort Wayne. The property features a mix of apartments including three two-bedroom units, one one-bedroom unit, and one studio unit. Interior finishes include wood, carpet, and tile flooring, with cedar closets and fireplaces noted in the building. A basement level includes a shared laundry room, supporting everyday resident needs. Off-street parking is available, along with ample space in the large parking lot.

The property sits on a 0.31-acre lot with a total building size of 3,346 square feet. Updates include a roof that is just over three years old with guttering, and window replacements completed approximately 10 years ago.

Key Highlights

  • All‑brick 5‑unit apartment building with three two‑bedroom, one one‑bedroom, and one studio unit
  • 0.31‑acre lot with 3,346 SF total building area
  • Roof just over three years old with guttering

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Accounting Firm Big Box & Wholesale Store Gym & Fitness Center Electrical Service

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

5
Residential units

Location Intelligence

Trade Area within ½ mile

1,460
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?
Apartment building - All-brick 5-unit apartment building with off-street parking, cedar closets, and a basement shared laundry room.
Where is this apartment building located?
The property is located at 1004 Delaware Avenue Fort Wayne, IN.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: All‑brick 5‑unit apartment building with three two‑bedroom, one one‑bedroom, and one studio unit; 0.31‑acre lot with 3,346 SF total building area; Roof just over three years old with guttering
More about this property
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