Four-Plex Residential Income
1013 Stophlet Street Fort Wayne, IN 46802
1013 Stophlet Street, Fort Wayne, IN, 46802
$157,900
For Sale
$157,900
Four fully occupied efficiency and one-bedroom units generate $2,750 in gross monthly rent.
Property Size1,436 SF
Price / SF$109.96
Days on Market162
Property Features for 1013 Stophlet Street
General Information
- Standard status
- Active
- Size
- 1,436 SF
- Property subtype
- Multi Family / Fourplex
Building Details
- Year Built
- 1906
Listing agency
CENTURY 21 Bradley Realty, Inc
(260) 399-1177
Listed by
Harrison Bolyard · License #RB24001587
(260) 399-1177
Source
Compass
Added: Feb 10 Updated: Jul 21 at 7:53PM Checked: Jul 22 at 10:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 Bradley Realty, Inc
Investment Insights
Based on property information with market context.
This four-plex residential income property contains multiple efficiency-style apartment units, along with 1-bedroom and studio configurations. The property is being offered for sale with all units currently fully occupied. The seller states no upgrades or rehabs are needed, and room sizes are approximate. Gross rental income totals $2,750 per month, and the owner currently pays utilities.
The property is located near Electric Works. It is currently managed by professional property management, and the seller notes that the management team would like to remain in place with a new owner.
With the owner paying utilities at present, the seller reports that the property meets the 1% rule after operating expenses. The buyer should confirm all financial details and operating assumptions during due diligence.
The property is located near Electric Works. It is currently managed by professional property management, and the seller notes that the management team would like to remain in place with a new owner.
With the owner paying utilities at present, the seller reports that the property meets the 1% rule after operating expenses. The buyer should confirm all financial details and operating assumptions during due diligence.
Key Highlights
- Four‑plex with all units currently occupied near the Electric Works
- Gross rental income totals $2,750 per month; owner currently pays utilities
- Two 1‑bedroom units and additional efficiency/studio units (3 total bedrooms above grade noted)
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four fully occupied efficiency and one-bedroom units generate $2,750 in gross monthly rent.
Where is this quadplex located?
The property is located at 1013 Stophlet Street Fort Wayne, IN.
What is the asking price?
The asking price for this property is $157,900.
What are key features of this property?
This property features: Four‑plex with all units currently occupied near the Electric Works; Gross rental income totals $2,750 per month; owner currently pays utilities; Two 1‑bedroom units and additional efficiency/studio units (3 total bedrooms above grade noted)
