840-842 Columbia Avenue Fort Wayne, IN 46805

Building Details

Year Built

1920

Listing office Keller Williams Preferred Realty G***@kw.com Show Phone

Listing date Aug 7, 2025

Source Kw

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Investment Insights

Based on property information with market context.

This multifamily property features eight units and an additional room, totaling 5708 square feet. The building includes a full basement. All units are currently rented. The owner is responsible for all utilities. The property is equipped with two gas furnaces, four hot water heaters (three of which are new), and seven electric meters. Each unit includes a refrigerator and range. The property has updated circuit breaker panels, a new water line, and a sewer line replaced with a check valve. Bathrooms and kitchens have been updated. The property is located in the Columbia Avenue Local Historic District. The gross rental income is $82,000 per year.

Key Highlights

• High Gross Rental Income: $82,000/Year
• 8 Units + Additional Room: Strong income potential and flexibility.
• Updated Bathrooms and Kitchens: Modern appeal and reduced maintenance.

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FAQs

What type of property is this?

Apartment building - 8-unit multifamily property with additional room and strong rental income.

Where is this apartment building located?

The property is located at 840-842 Columbia Avenue Fort Wayne, IN.

What is the asking price?

The asking price for this property is $315,000.

What are key features of this property?

This property features: High Gross Rental Income: $82,000/Year; 8 Units + Additional Room: Strong income potential and flexibility.; Updated Bathrooms and Kitchens: Modern appeal and reduced maintenance.