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Four-Unit Quadplex with Rental Mix

708 Columbia Avenue, Fort Wayne, IN 46805

For Sale
$250,000

INVESTMENT, Two Story, Fort Wayne, IN

Property Size2,660 SF
Lot Size0.16 Acres
Price / SF$93.98
Days on Market153

Property Features for 708 Columbia Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 4
Bathrooms 4
Full bathrooms 4
Rooms Basement, Bathroom 4, Bathroom 2, Bathroom 1, Bedroom 3, Bathroom 3, Bedroom 2, Bedroom 4, Bedroom 1
Parking 4
Parking features Garage, Off Street
Fireplace 1
Subdivision Lakeside Park
Lot features City/ Town/ Suburb, Near Walking Trail, Historic District, Level, Historic Designation, Planned Unit Development
Elementary school Forest Park
Middle school Lakeside
High school North Side
Elementary school district Fort Wayne Community
Middle school district Fort Wayne Community
High school district Fort Wayne Community
Directions E Main St left on St Joseph Blvd, take "Y" to right onto Columbia Ave. House is immediately on the right
Standard status Active
APN 02-12-01-157-004.000-074
Size 2,660 SF
Lot size 0.16 Acres

Additional Details

Tenant in Place Yes
Individually Metered Utilities electricity

Taxes and HOA fees

Tax Year 2026
Tax Description LAKESIDE PARK ADD LOT 7
Tax Annual Amount 2400
Legal Description LAKESIDE PARK ADD LOT 7

Building Details

Year built 1890
Floors in Building 2
Number of units 4
Flooring type Wood, Vinyl, Carpet, Tile
Roof type Asphalt
Architectural style Other
Listing Agency: CENTURY 21 Bradley Realty, Inc · Century 21 Real Estate
Listed By: Kathy Hutchins · License IN RB20001874
Added: Jun 15 Changed: Oct 24 Last Checked: Nov 14 at 12:06AM
MLS# 202623519

Copyright © 2026 Upstate Alliance of REALTORS® Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This two-story quadplex contains 2,660 square feet on a 0.16-acre parcel and was built in 1890. The four-unit layout includes three one-bedroom, one-bath apartments plus one efficiency unit. Interior finishes include tile, carpet, wood, and vinyl flooring, with a basement and fireplace also included. Off-street parking and a garage serve the property, while the asphalt roof completes the exterior improvements.

Each unit has its own electric meter, and tenants pay electricity individually. Professional property management is in place. The property sits near Lakeside Park and is within walking and biking distance of downtown attractions, shops, restaurants, and community events in Fort Wayne’s historical district.

Key Highlights

  • Four‑unit layout with three one‑bedroom, one‑bath apartments and one efficiency unit
  • 2,660 square feet on a 0.16‑acre parcel
  • Built in 1890 with two‑story construction

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

4
Residential units
100%
Occupancy

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

Average Price Trend$/SF for Quadplexes in Allen County, IN

$120 Jul
$120 Aug
$111 Sep
$112 Oct

Properties on Market for Quadplexes in Allen County

Jul
Aug
Sep
Oct

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?
Quadplex - Fully occupied apartments feature separate electric metering, off-street parking, and professional management already in place.
Where is this quadplex located?
The property is located at 708 Columbia Avenue 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 layout with three one‑bedroom, one‑bath apartments and one efficiency unit; 2,660 square feet on a 0.16‑acre parcel; Built in 1890 with two‑story construction
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