New Construction
6905 Koester Drive #6905 & 6907, Fort Wayne, IN 46819
For Sale
$369,000
Both residences offer three bedrooms, modern kitchens, and separate utility rooms with washer-dryer space.
Property Size2,304 SF
Days on Market9
Property Features for 6905 Koester Drive #6905 & 6907
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
North Eastern Group Realty
Listed By:
Emily Ewing · License IN RB23000613
(260) 609-7344
Source:
Aaronboone.kw
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 12 at 4:23AM
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 North Eastern Group Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Completed in 2026, this duplex contains two residences, each with three upstairs bedrooms and a full bathroom. The main floor includes luxury vinyl plank flooring, a kitchen with quartz counters and a large island, a half bathroom, and a dedicated utility room with washer-dryer space and extra storage. Frigidaire stainless steel appliances are included in each unit.
A large parking area serves the property. Landscaping and mature trees line the site. The property is in Waynedale, near Foster Park, the Clyde Theatre, local amenities, and shopping.
A large parking area serves the property. Landscaping and mature trees line the site. The property is in Waynedale, near Foster Park, the Clyde Theatre, local amenities, and shopping.
Key Highlights
- Two‑unit duplex built in 2026
- Each unit has 3 bedrooms and an upper‑level full bathroom
- Quartz‑counter kitchen with island and Frigidaire stainless steel appliances in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,706
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$414,120
$414.1K
Cap Rate 7%
$295,800
$295.8K
Cap Rate 9%
$230,067
$230.1K
Market Conditions
NOI Build-Up for 2,304 SF
Gross rent
$31.2K $13.56/SF
− Vacancy
−$1.7K −$0.72/SF
EGI
$29.6K $12.84/SF
− OpEx
−$8.9K −$3.85/SF
NOI
$20.7K $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%
$414,120
Cap Rate 7%
$295,800
Cap Rate 9%
$230,067
Alternative Uses
Best Use
Apartment 5plus
$1.73M
$1.51M – $2.01M
NOI $120,878 @ 7.0% cap
Second Best
Multifamily LT 5
$295.8K
$258.8K – $345.1K
NOI $20,706 @ 7.0% cap · market cap 5.61%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 46819, IN
8,969
Population
4,384
Households
2
Avg Household Size
41
Median Age
23%
College-Educated
94%
High-School Grad
26.0 sq mi
ZIP Area
345
Density / Sq Mi
$66,618
Median Household Income
$37,100
Median Earnings
$948
Median Rent
$157,100
Median Home Value
Market
Average Price Trend$/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 - Both residences offer three bedrooms, modern kitchens, and separate utility rooms with washer-dryer space.
Where is this duplex located?
The property is located at 6905 Koester Drive #6905 & 6907 Fort Wayne, IN.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: Two‑unit duplex built in 2026; Each unit has 3 bedrooms and an upper‑level full bathroom; Quartz‑counter kitchen with island and Frigidaire stainless steel appliances in each unit
