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3-Unit Triplex with Garage
For Sale
$189,000

1527 Crescent Avenue #3, Fort Wayne, IN 46805

Three one-bedroom residences offer separate thermostats, retained appliances, and shared garage space in Fort Wayne’s State Street Corridor area.

Property Size2,822 SF
Price / SF$66.97
Days on Market9

Property Features for 1527 Crescent Avenue #3

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: Dan Rarey, Dan Rarey Real Estate
Listed By: Carson and Lisa Lowry Real Estate
Source: Carsonlowryrealestate
Added: Aug 20 Changed: Aug 28 Last Checked: Aug 28 at 6:03AM

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 Dan Rarey, Dan Rarey Real Estate

Investment Insights

Based on property information with market context.

This 2,822-square-foot triplex, built in 1920, contains three one-bedroom units. The main-floor residence includes a stone-front wood-burning fireplace and natural hardwood flooring. Gas hot-water heat serves the property, with separate thermostats provided for each unit. Appliances remain with the property but are not warranted.

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

Key Highlights

  • Three one‑bedroom units within a 2,822 SF triplex
  • Built in 1920 with gas hot‑water heat
  • Separate thermostat serving 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 offer separate thermostats, retained appliances, and shared garage space in Fort Wayne’s State Street Corridor area.
Where is this triplex located?
The property is located at 1527 Crescent Avenue #3 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 within a 2,822 SF triplex; Built in 1920 with gas hot‑water heat; Separate thermostat serving each unit
More about this property
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