Multifamily Property with Rental
For Sale
$315,000
840-842 Columbia Avenue Fort, Fort Wayne, IN 46805
8-unit multifamily property with additional room and strong rental income.
Property Size5,008 SF
Lot Size0.16 Acres
Price / SF$55.19
Days on Market390
Property Features for 840-842 Columbia Avenue Fort
General Information
Standard status
Active
Size
5,008 SF
Lot size
0.16 Acres
Property subtype
Multi-Family
Amenities
Gas
Electricity
Window
Forced Air
Asphalt
Building Details
Building Size
5,008 SF
Year Built
1920
Stories
2
Listing Agency:
Keller Williams Preferred Realty
(260) 410-0064
Listed By:
Gary Brigman · License #RB14037898
(260) 410-0064
Source:
Kw
Added: Aug 6, 2025
Changed: Aug 27
Last Checked: Aug 29 at 5:36PM
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 Keller Williams Preferred Realty
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,074
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
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 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.
