4-Unit Separately Metered
For Sale
$398,000
903 Edgewater Ave, Fort Wayne, IN 46805
Four one-bedroom apartments offer individual electric meters and a mix of upper- and main-level layouts.
Property Size2,272 SF
Price / SF$175.18
Days on Market16
Property Features for 903 Edgewater Ave
General Information
Standard status
Active
Size
2,272 SF
Property subtype
Residential Income
Zoning
R 3
Site & Location
Neighborhood
East Central
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$4,813
Listing Agency:
Mike Thomas Assoc., Inc
Listed By:
Katie Brown · License #RB14039175
(260) 437-5025
Source:
Exprealty
Added: Oct 9
Changed: Oct 21
Last Checked: Oct 23 at 12:47PM
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 Mike Thomas Assoc., Inc
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Investment Insights
Based on property information with market context.
This 2,272-square-foot quadplex contains four apartments, with two on the main level and two upstairs. Each residence has one bedroom, one full bathroom, a living room, a kitchen, and a walk-in closet. The property is zoned R 3. Electric baseboard serves as the heat source, and one apartment also has a mini-split. A gas water heater was installed in 2018, and replacement vinyl windows are on order.
Located just east of downtown Fort Wayne, the property has street parking and a small driveway pad. Each apartment is served by a separate electric meter.
Located just east of downtown Fort Wayne, the property has street parking and a small driveway pad. Each apartment is served by a separate electric meter.
Key Highlights
- Four 1‑bedroom, 1‑bathroom apartments, with two on each level
- 2,272 square feet; zoned R 3
- Separate electric meters for each apartment
Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,074
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Four one-bedroom apartments offer individual electric meters and a mix of upper- and main-level layouts.
Where is this quadplex located?
The property is located at 903 Edgewater Ave Fort Wayne, IN.
What is the asking price?
The asking price for this property is $398,000.
What are key features of this property?
This property features: Four 1‑bedroom, 1‑bathroom apartments, with two on each level; 2,272 square feet; zoned R 3; Separate electric meters for each apartment
