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Fully Rented Quadplex
For Sale
$250,000

708 Columbia Ave, Fort Wayne, IN 46805

Separate electric metering supports individual tenant-paid electricity.

Property Size2,660 SF
Price / SF$93.98
Days on Market32

Property Features for 708 Columbia Ave

General Information

Standard status Active
Size 2,660 SF
Property subtype Multi-Family

Building Details

Year Built 1890
Listing Agency: CENTURY 21 Bradley Realty, Inc
Listed By: Kathy Hutchins · License #RB20001874
Source: Spencerchildersgroup
Added: Jul 30 Changed: Aug 29 Last Checked: Aug 25 at 5:30AM

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 CENTURY 21 Bradley Realty, Inc

Investment Insights

Based on property information with market context.

This 2,660-square-foot quadplex, built in 1890, contains four residential units: three one-bedroom, one-bath apartments and one efficiency apartment. The property is fully rented, with separate electric meters serving each unit and electricity paid individually by tenants. Professional property management is already in place.

Located at 708 Columbia Ave in Fort Wayne’s historical district, the property sits near Lakeside Park and within walking and biking distance of downtown attractions, shops, restaurants, and community events. The combination of an established four-unit layout, occupied apartments, individual utility metering, and existing management provides a clearly defined multifamily property profile.

Key Highlights

  • Four‑unit quadplex with three one‑bedroom apartments and one efficiency unit
  • Fully rented residential property
  • 2,660 SF building constructed in 1890

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store HVAC Service Veterinary Clinic Home Appliance Store Electrical Service Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,933
Businesses Nearby

Demographics for 46805, IN

21,138
Population
10,742
Households
2
Avg Household Size
35
Median Age
27%
College-Educated
92%
High-School Grad
6.4 sq mi
ZIP Area
3,303
Density / Sq Mi
$50,099
Median Household Income
$37,294
Median Earnings
$858
Median Rent
$131,300
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?
Quadplex - Separate electric metering supports individual tenant-paid electricity.
Where is this quadplex located?
The property is located at 708 Columbia Ave Fort Wayne, IN.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Four‑unit quadplex with three one‑bedroom apartments and one efficiency unit; Fully rented residential property; 2,660 SF building constructed in 1890
More about this property
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