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Apartment Buildings with Villa and Townhome Mix
For Sale
$19,990,000

3115 Carroll Rd, Fort Wayne, IN 46818

Built in 2023, the community combines private patios, landscaped green space, ponds, and a dog park.

Property Size93,240 SF
Lot Size19.00 Acres
Days on Market8

Property Features for 3115 Carroll Rd

General Information

Standard status Active
Size 93,240 SF
Lot size 19.00 Acres
Property subtype Multi-Family

Amenities

lush landscaping
manicured green spaces
private patios
large sidewalks
ponds
dog park

Building Details

Building Size 93,240 SF
Year Built 2023
Buildings 29
Units 76
Listing Agency: Acadia Commercial
Listed By: Tyler Binkley · License #RB14037279
Source: Commercialcafe
Added: Aug 25 Changed: Aug 31 Last Checked: Aug 31 at 1:40PM

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 Acadia Commercial

Investment Insights

Based on property information with market context.

Somerset Townhomes & Villas is a 2023-built multifamily property on a 19-acre parcel in North Fort Wayne. The development includes 20 villa homes on the west side and 9 townhome buildings on the east side, creating a varied residential configuration. Private patios, broad sidewalks, landscaped open areas, ponds, and a dog park are incorporated throughout the community.

The property is located at 3115 Carroll Rd, Fort Wayne, IN 46818, near the Carroll school district. The offering can be acquired as the villa portfolio, the townhome portfolio, or as the full property, providing multiple acquisition configurations within one developed community.

Key Highlights

  • 2023‑built multifamily property on a 19‑acre parcel
  • 20 villa homes positioned on the west portion of the property
  • 9 townhome buildings located on the east portion

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Restaurant Dental Office Spa & Massage Center Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

52
Businesses Nearby

Demographics for 46818, IN

22,071
Population
8,512
Households
2.6
Avg Household Size
37
Median Age
31%
College-Educated
92%
High-School Grad
66.8 sq mi
ZIP Area
330
Density / Sq Mi
$86,583
Median Household Income
$45,481
Median Earnings
$1,274
Median Rent
$221,000
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?
Apartment building - Built in 2023, the community combines private patios, landscaped green space, ponds, and a dog park.
Where is this apartment building located?
The property is located at 3115 Carroll Rd Fort Wayne, IN.
What is the asking price?
The asking price for this property is $19,990,000.
What are key features of this property?
This property features: 2023‑built multifamily property on a 19‑acre parcel; 20 villa homes positioned on the west portion of the property; 9 townhome buildings located on the east portion
More about this property
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