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Renovated Two-Unit Duplex
For Sale
$259,000

544 Pierce Ave, Fort Wayne, IN 46807

Fully leased duplex with updated systems, refreshed interiors, and outdoor space for residents.

Property SizeContact for details
Days on Market139

Property Features for 544 Pierce Ave

General Information

Standard status Active
Property subtype Multi-Family
Occupancy 100%

Units

Unit Mix 2 x 3BR
Multifamily Units 2

Amenities

large backyard

Building Details

Year Built 1940
Tenancy Multi
Listing Agency: Compass Indiana, LLC
Listed By: Chanan Dozier · License #471020308
Source: Jason.northwestindianahomelistings
Added: May 31 Changed: Oct 1 Last Checked: Oct 14 at 11:44PM

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 Compass Indiana, LLC

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Investment Insights

Based on property information with market context.

This duplex contains two 3-bedroom residences identified as 544 and 546 Pierce, with a combined property size of 1,000 square feet. Both units are currently leased, and recent improvements include a new roof, central air conditioning, forced-air heating, updated hot water systems, luxury vinyl flooring, stainless steel refrigerators and ranges, and new bathroom vanities.

Interior layouts include hardwood flooring, dining areas positioned beside the living rooms, and practical residential living space. A large backyard adds shared outdoor area for occupants. The property is located at 544 Pierce Ave in Fort Wayne, IN.

Key Highlights

  • Two 3‑bedroom units at 544 and 546 Pierce
  • Both units currently leased
  • 1,000‑square‑foot property

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency HVAC Service (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Building Supply

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

2
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

866
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Fully leased duplex with updated systems, refreshed interiors, and outdoor space for residents.
Where is this duplex located?
The property is located at 544 Pierce Ave Fort Wayne, IN.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: Two 3‑bedroom units at 544 and 546 Pierce; Both units currently leased; 1,000‑square‑foot property
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