Remodeled Three-Unit
New
For Sale
$299,900
3718 S Wayne Ave, Fort Wayne, IN 46807
Three occupied apartments include a three-bedroom main-level residence and two one-bedroom units upstairs.
Property Size2,696 SF
Price / SF$111.24
Days on Market2
Property Features for 3718 S Wayne Ave
General Information
Standard status
Active
Size
2,696 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
1 x 3BR/1BA, 2 x 1BR/1BA
Multifamily Units
3
Additional Details
Gross Income
$34,620
Road Access
Yes
Amenities
central air
coin-operated laundry
Building Details
Year Built
1930
Buildings
1
Tenancy
Multi
Listing Agency:
eXp Realty, LLC
Listed By:
Jordan Wildman
Source:
Spencerchildersgroup
Added: Sep 26
Last Checked: Sep 26 at 6:47AM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
This 2,696-square-foot triplex, built in 1930, contains three occupied apartments: a main-level unit with three bedrooms and one bath, plus two upper-level units with one bedroom and one bath each. A legal triplex variance is in place. Interior work includes updated kitchens, bathrooms, flooring, and fixtures; the property also has a new shingle roof with gutter guards, a new flat-roof section, and restored foundation wall. All units have central air, with one shared high-efficiency heater serving the upper floors.
The property is at 3718 S Wayne Avenue in Fort Wayne, adjacent to the Illsley Place and Oakdale historic neighborhoods. Utilities use a Ratio Utility Billing System. A coin-operated laundry facility is located in the basement, which also provides storage space.
The property is at 3718 S Wayne Avenue in Fort Wayne, adjacent to the Illsley Place and Oakdale historic neighborhoods. Utilities use a Ratio Utility Billing System. A coin-operated laundry facility is located in the basement, which also provides storage space.
Key Highlights
- Legal triplex variance in place for three occupied units
- Unit mix: one 3‑bedroom, 1‑bath apartment and two 1‑bedroom, 1‑bath apartments
- 2,696 square feet; built in 1930
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
300
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Triplex - Three occupied apartments include a three-bedroom main-level residence and two one-bedroom units upstairs.
Where is this triplex located?
The property is located at 3718 S Wayne Ave Fort Wayne, IN.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Legal triplex variance in place for three occupied units; Unit mix: one 3‑bedroom, 1‑bath apartment and two 1‑bedroom, 1‑bath apartments; 2,696 square feet; built in 1930
