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Leased Duplex with Basement
For Sale
$124,900

2927 Broadway Avenue, Fort Wayne, IN 46807

MULTI_FAMILY - Fort Wayne, IN

Property Size1,516 SF
Lot Size0.13 Acres
Price / SF$82.39
Days on Market20

Property Features for 2927 Broadway Avenue

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 3
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 2, Basement
Parking features Off Street
Basement Block
Lot features Level
Elementary school Fairfield
Middle school Portage
High school South Side
Elementary school district Fort Wayne Community
Middle school district Fort Wayne Community
High school district Fort Wayne Community
Directions Head south on Broadway Ave from Creighton Ave. Property is on the left.
Subdivision Allen County
Standard status Active
APN 02-12-15-233-011.000-074
Size 1,516 SF
Lot size 0.13 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description LOT 166 W J & M S VESEYS 3RD ADDITION
Legal Description LOT 166 W J & M S VESEYS 3RD ADDITION

Building Details

Year built 1920
Floors in Building 2
Number of units 2
Flooring type Carpet, Laminate
Roof type Shingle
Architectural style Other
Listing Agency: eXp Realty, LLC
Listed By: Brett Dennon
Added: Aug 7 Changed: Aug 12 Last Checked: Aug 26 at 4:06AM
MLS# 202632110

Copyright © 2026 Upstate Alliance of REALTORS® Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 1,516-square-foot duplex dates to 1920 and includes two bathrooms, three listed bedrooms, a basement, carpet and laminate flooring, and a shingle roof. Off-street parking serves the property, which occupies 0.13 acres. Both residences are currently occupied under separate lease terms.

The upper unit is leased through May 2027, while the lower unit runs through October 2026. Tenants pay their own gas and electric costs. The owner handles water, sewer, and trash, with each tenant reimbursing $40 per month for those services under the lease agreements.

Key Highlights

  • 1,516‑square‑foot duplex on a 0.13‑acre lot
  • Both units occupied under active leases
  • Upper unit leased through May 2027

Property Analytics

Current Use

Duplexes

Lease Details

2
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

492
Businesses Nearby

Demographics for 46807, IN

16,489
Population
7,182
Households
2.3
Avg Household Size
33
Median Age
30%
College-Educated
90%
High-School Grad
3.2 sq mi
ZIP Area
5,153
Density / Sq Mi
$56,341
Median Household Income
$37,026
Median Earnings
$970
Median Rent
$133,500
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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Frequently Asked Questions

What type of property is this?
Duplex - Two occupied residences provide an income-producing configuration with separate tenant utility responsibilities and off-street parking.
Where is this duplex located?
The property is located at 2927 Broadway Avenue Fort Wayne, IN.
What is the asking price?
The asking price for this property is $124,900.
What are key features of this property?
This property features: 1,516‑square‑foot duplex on a 0.13‑acre lot; Both units occupied under active leases; Upper unit leased through May 2027
More about this property
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