New Construction
327 W Butler Street, Fort Wayne, IN 46802
For Sale
New
$389,900
INVESTMENT, Two Story, Fort Wayne, IN
Property Size2,400 SF
Lot Size0.16 Acres
Price / SF$162.46
Days on Market3
Property Features for 327 W Butler Street
General Information
Property type
Property subtype
Property condition
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Subdivision
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Cooling system
Amenities
covered front porches
Building Details
Year built
Floors in Building
Number of units
Flooring type
Roof type
Architectural style
Buildings
Listing Agency:
CENTURY 21 Bradley Realty, Inc · Century 21 Real Estate
(260) 399-1177
Listed By:
Jeff Colone · License IN RB16001154
(260) 466-8836
Added: Nov 12
Last Checked: Nov 14 at 12:06AM
MLS# 202646560
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.
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Investment Insights
Based on property information with market context.
This duplex is under construction and contains two three-bedroom residences, totaling six bedrooms and approximately 2,400 square feet. Each home has an open living area, an eat-in kitchen with bar seating, a primary bedroom with an en suite bath, and an attached one-car garage. Covered porches face the front of the building. The property occupies a 0.16-acre lot, and the listed 2026 year built reflects the construction timeline.
The property is near downtown Fort Wayne, hospitals, restaurants, shopping, and everyday services. Each residence offers a distinct living space within the same building.
The property is near downtown Fort Wayne, hospitals, restaurants, shopping, and everyday services. Each residence offers a distinct living space within the same building.
Key Highlights
- Two three‑bedroom units; six bedrooms total
- Approximately 2,400 square feet across the building
- Each unit has an attached one‑car garage and covered front porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,569
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$431,380
$431.4K
Cap Rate 7%
$308,129
$308.1K
Cap Rate 9%
$239,656
$239.7K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$32.5K $13.56/SF
− Vacancy
−$1.7K −$0.72/SF
EGI
$30.8K $12.84/SF
− OpEx
−$9.2K −$3.85/SF
NOI
$21.6K $8.99/SF
Area
Allen County, IN
Vacancy
5.32%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$431,380
Cap Rate 7%
$308,129
Cap Rate 9%
$239,656
Alternative Uses
Best Use
Apartment 5plus
$1.80M
$1.57M – $2.10M
NOI $125,915 @ 7.0% cap
Second Best
Multifamily LT 5
$308.1K
$269.6K – $359.5K
NOI $21,569 @ 7.0% cap · market cap 5.53%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
907
Businesses Nearby
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Business Placement
Demographics for 46802, IN
10,664
Population
5,831
Households
1.8
Avg Household Size
35
Median Age
23%
College-Educated
83%
High-School Grad
4.2 sq mi
ZIP Area
2,539
Density / Sq Mi
$40,903
Median Household Income
$32,172
Median Earnings
$880
Median Rent
$131,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Fort Wayne, IN
Properties on Market for Duplexes in Fort Wayne
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom homes feature separate kitchens, private primary suites, and attached garages.
Where is this duplex located?
The property is located at 327 W Butler Street Fort Wayne, IN.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Two three‑bedroom units; six bedrooms total; Approximately 2,400 square feet across the building; Each unit has an attached one‑car garage and covered front porch
