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Three-Unit Apartment Building
New
For Sale
$189,000

1527 Crescent Ave, Fort Wayne, IN 46805

Three one-bedroom residences share separate thermostats, retained appliances, and a garage with flexible practical use.

Property Size2,822 SF
Price / SF$66.97
Days on Market7

Property Features for 1527 Crescent Ave

General Information

Standard status Active
Size 2,822 SF
Total Parking Spaces 1
Property subtype Multi-Family

Units

Unit Mix 3 x 1BR
Multifamily Units 3

Building Details

Year Built 1920
Buildings 1
Listing Agency: North Eastern Group Realty
Listed By: Alyssa Schendel · License #RB18002221
Source: Spencerchildersgroup
Added: Aug 24 Changed: Aug 28 Last Checked: Aug 29 at 12:25PM

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 North Eastern Group Realty

Investment Insights

Based on property information with market context.

This 2,822-square-foot multifamily property contains three one-bedroom units within a building constructed in 1920. The main-floor residence features a stone-front wood-burning fireplace and hardwood flooring. Appliances remain with the property, without warranty, and each unit has its own thermostat. Gas-fired hot-water heating serves the building.

A one-car garage adds storage or parking capacity and includes a new garage door and opener. The property is near PFW and the State St Corridor, with Lakeside Park within walking distance.

Key Highlights

  • Three one‑bedroom units in a 2,822‑square‑foot multifamily property
  • 1920 construction with gas hot‑water heating
  • Separate thermostats for each unit

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick HVAC Service Skin Care Clinic Electrical Service (Bike/Boat/Book/etc) Store Furniture & Home Goods Dental Office

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

3
Residential units

Location Intelligence

Trade Area within ½ mile

532
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?
Triplex - Three one-bedroom residences share separate thermostats, retained appliances, and a garage with flexible practical use.
Where is this triplex located?
The property is located at 1527 Crescent Ave Fort Wayne, IN.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Three one‑bedroom units in a 2,822‑square‑foot multifamily property; 1920 construction with gas hot‑water heating; Separate thermostats for each unit
More about this property
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