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Triplex with One-Car Garage
New
For Sale
$189,000

1527 Crescent Ave, Fort Wayne, IN 46805

Three one-bedroom residences offer separate thermostats and a garage for storage or parking.

Property Size2,822 SF
Price / SF$66.97
Days on Market2

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
Listing Agency: North Eastern Group Realty
Listed By: Alyssa Schendel · License #RB18002221
Source: Kmsrealestategroup
Added: Oct 1 Last Checked: Oct 1 at 2:26PM

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.

Built in 1920, this 2,822-square-foot triplex contains three one-bedroom units. The main-floor residence has natural hardwood flooring and a wood-burning fireplace with a stone façade. Gas-fired hot-water heat serves the property, with an individual thermostat in each unit. Appliances remain, though they are not warranted.

A one-car garage has a recently installed door and opener, providing storage or parking space. The property is near PFW and the State Street corridor, with Lakeside Park within walking distance. The sale is offered as-is, where-is.

Key Highlights

  • Three one‑bedroom units in a 2,822‑square‑foot triplex
  • One‑car garage with new door and opener
  • Separate thermostats for each unit; gas hot‑water heat

Property Analytics

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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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Triplex - Three one-bedroom residences offer separate thermostats and a garage for storage or parking.
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 triplex; One‑car garage with new door and opener; Separate thermostats for each unit; gas hot‑water heat
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