58-Unit Apartment
For Sale
Contact for pricing
Pending
4824 Northcrest Dr, Fort Wayne, IN 46825
Two apartment properties provide workforce housing with efficient layouts and in-place operations in Fort Wayne.
Property SizeContact for details
Days on Market341
Property Features for 4824 Northcrest Dr
General Information
Standard status
Pending
Property subtype
Multifamily
Additional Details
Multifamily Units
58
Building Details
Year Built
1952
Units
58
Listing Agency:
Marcus & Millichap - Indianapolis
Listed By:
Aaron Kuroiwa · License #IN RB17000780
Source:
Crexi
Added: Sep 25, 2025
Changed: Aug 30
Last Checked: Aug 30 at 6:54PM
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 Marcus & Millichap - Indianapolis
Investment Insights
Based on property information with market context.
This 58-unit apartment portfolio includes the Northcrest and Hoagland properties in Fort Wayne, Indiana. The buildings were developed in 1952 and 1962 and feature efficient unit layouts serving the workforce-housing segment. The offering provides an established multifamily operation with an 8%+ cap rate at current levels.
The properties are located at 4824 Northcrest Dr in Fort Wayne’s Allen County. The surrounding market includes major employers such as Parkview Health, Amazon, General Motors, and Lutheran Health Network. Fort Wayne recorded eight consecutive years of population growth and added 4,750 residents in 2024, while the submarket reported 4.6% vacancy.
The properties are located at 4824 Northcrest Dr in Fort Wayne’s Allen County. The surrounding market includes major employers such as Parkview Health, Amazon, General Motors, and Lutheran Health Network. Fort Wayne recorded eight consecutive years of population growth and added 4,750 residents in 2024, while the submarket reported 4.6% vacancy.
Key Highlights
- 58‑unit multifamily portfolio consisting of the Northcrest and Hoagland properties
- 8%+ cap rate at current levels
- Buildings developed in 1952 and 1962
Property Analytics
Property Profile
Current Use
Lease Details
58
Residential units
Location Intelligence
Trade Area within ½ mile
1,193
Businesses Nearby
Explore this area
Business Placement
Demographics for 46825, IN
29,062
Population
13,597
Households
2.1
Avg Household Size
38
Median Age
34%
College-Educated
91%
High-School Grad
15.6 sq mi
ZIP Area
1,863
Density / Sq Mi
$68,890
Median Household Income
$44,788
Median Earnings
$1,044
Median Rent
$202,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two apartment properties provide workforce housing with efficient layouts and in-place operations in Fort Wayne.
Where is this apartment building located?
The property is located at 4824 Northcrest Dr Fort Wayne, IN.
What are key features of this property?
This property features: 58‑unit multifamily portfolio consisting of the Northcrest and Hoagland properties; 8%+ cap rate at current levels; Buildings developed in 1952 and 1962
