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20-Unit Apartment Property
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3500 Warsaw Street, Fort Wayne, IN 46806

Eight renovated residential buildings offer a uniform one-bedroom layout with full occupancy and street parking.

Property Size10,668 SF
Lot Size1.03 Acres
Price / SF$159.36
Days on Market4

Property Features for 3500 Warsaw Street

General Information

Standard status Active
Size 10,668 SF
Lot size 1.03 Acres
Property subtype Multifamily
Zoning R3
Occupancy 100%
Investment Type Stabilized

Units

Unit Mix 20 x 1BR
Multifamily Units 20

Amenities

street parking

Building Details

Year Built 1965
Year Renovated 2008
Buildings 8
Units 20
Tenancy Multi
Construction wood-frame
Listing Agency: Sturges Property Group
Listed By: Neal Bowman · License #IN RB14026402
Source: Crexi
Added: Aug 10 Changed: Aug 13 Last Checked: Aug 13 at 11:12AM

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 Sturges Property Group

Investment Insights

Based on property information with market context.

This multifamily property comprises eight wood-frame buildings on a single parcel, with 20 one-bedroom apartments totaling approximately 10,668 square feet. Originally built in 1965 and renovated in 2008, the buildings use electric baseboard heating, while window and wall units provide air conditioning. The property is zoned R3 and occupies approximately 1.03 acres.

All units are currently occupied, and the rent roll includes Section 8 tenants. Resident street parking is provided, with the site arranged for access to each building. The consistent unit configuration and separate building layout define the property's physical setup and operating profile.

Key Highlights

  • 20 one‑bedroom apartment units across eight buildings
  • Approximately 10,668 square feet on 1.03 acres
  • 100% occupied with Section 8 tenants included in the rent roll

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Skin Care Clinic Big Box & Wholesale Store Gym & Fitness Center

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

20
Residential units

Location Intelligence

Trade Area within ½ mile

502
Businesses Nearby

Demographics for 46806, IN

26,083
Population
10,282
Households
2.5
Avg Household Size
29
Median Age
9%
College-Educated
73%
High-School Grad
8.3 sq mi
ZIP Area
3,143
Density / Sq Mi
$44,601
Median Household Income
$31,472
Median Earnings
$924
Median Rent
$78,000
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?
Apartment building - Eight renovated residential buildings offer a uniform one-bedroom layout with full occupancy and street parking.
Where is this apartment building located?
The property is located at 3500 Warsaw Street Fort Wayne, IN.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 20 one‑bedroom apartment units across eight buildings; Approximately 10,668 square feet on 1.03 acres; 100% occupied with Section 8 tenants included in the rent roll
(260) 424-8448 Call to check price and availability
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