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Corner-Lot Quadplex
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1240 W Washington, Fort Wayne, IN 46825

The property sits on a corner lot with room for on-street parking.

Property SizeContact for details
Days on Market144

Property Features for 1240 W Washington

General Information

Standard status Active
Property subtype Special Purpose

Additional Details

Multifamily Units 4
Listing Agency: Granite Ridge Builders
Listed By: Jennifer Frazier · License #IN
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 8:55AM

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 Granite Ridge Builders

Investment Insights

Based on property information with market context.

This four-unit residential property is positioned on a corner lot at 1240 W Washington in Fort Wayne, Indiana. The site includes room for on-street parking, providing practical access for residents and visitors.

The property is located in West Central, four blocks from Electric Works. Its established neighborhood setting and proximity to that nearby destination add useful context for a multifamily owner evaluating the asset.

Key Highlights

  • Four‑unit residential property
  • Corner‑lot positioning
  • Room for on‑street parking

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Storage Facility Home Appliance Store Daycare Center Pet Grooming 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

4
Residential units

Location Intelligence

Trade Area within ½ mile

495
Businesses Nearby

Demographics for 46825, IN

29,062
Population
13,597
Households
2.1
Avg Household Size
38
Median Age
34%
College-Educated
91%
High-School Grad
15.6 sq mi
ZIP Area
1,863
Density / Sq Mi
$68,890
Median Household Income
$44,788
Median Earnings
$1,044
Median Rent
$202,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Quadplex - The property sits on a corner lot with room for on-street parking.
Where is this quadplex located?
The property is located at 1240 W Washington Fort Wayne, IN.
What are key features of this property?
This property features: Four‑unit residential property; Corner‑lot positioning; Room for on‑street parking
More about this property
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