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    Well-Maintained Fourplex Investment Title is generated by Realmo AI

    915 Wilt Street, Fort Wayne, IN 46802

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    For Sale
    $452,000

    Fourplex - Fort Wayne, IN

    Property size:
    2,596 SF
    Lot size:
    0.15 Acres
    Price / SF:
    $174/SF
    Added:
    Jun 4, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 6 at 5:06 am

    Property Features for 915 Wilt Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    4
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Laundry
    EntryLevel
    Main,Upper
    Exterior features
    Off Street Parking, Cable Ready, Detector-smoke, None
    Basement Y/N
    1
    Appliances
    Dishwasher, Dryer, Microwave, Range, Washer
    Standard status
    Active
    APN
    02-12-11-112-003.000-074
    Size
    2,596 SF
    Lot size
    0.15 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Floors in Building
    2
    Number of units
    4
    Flooring type
    Laminate
    Architectural style
    Other

    We can help!

    Listing Contact
    Pamela Waller

    Listing agent Pamela Waller License #RB14031834

    Listing office Remax Integrity 305 W. Van Buren St., Columbia City, IN

    Listing date Jun 4, 2026

    MLS# 202621888 Listing URL

    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.

    HighLights

    • Four‑plex with basement and multiple bathrooms, including 4 bedrooms and a laundry area
    • Two units fully remodeled with updates completed in 2022 and 2023
    • Brand new exterior paint completed in 2023
    • Central air and forced‑air natural gas heating
    • In‑unit appliances include dishwasher, microwave, range, washer, and dryer
    • Off‑street parking; cable ready and smoke detectors

    Overview

    This fourplex offers four separate rental units within a compact lot setting. The property has been well maintained, including brand new exterior paint completed in 2023. Two of the units have been fully remodeled with updates completed in 2022 and 2023, featuring contemporary finishes and amenities intended to appeal to quality tenants.

    The building is located in Fort Wayne’s historic West Central neighborhood, placing it just minutes from Downtown, the Riverfront Promenade, and the Electric Works campus. The offering is for sale at 915 Wilt Street, in Allen County, Indiana (46802-4071). The seller also indicates the property may be purchased individually or as part of a portfolio package that includes three additional investment properties.

    For investors seeking a residential income asset, this fourplex combines a straightforward four-unit structure with documented recent improvements, including exterior refresh and unit-level remodel activity. It may also fit buyers looking to add a small, manageable multifamily building to an existing portfolio or build a new hold strategy alongside the referenced companion properties in the portfolio package.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Law Firm Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.150658
    Latitude
    41.073268

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    FAQs

    What type of property is this?
    Quadplex - Four-unit rental property with recent exterior painting and remodeled apartments for steady income potential.
    Where is this quadplex located?
    The property is located at 915 Wilt Street Fort Wayne, IN.
    What is the asking price?
    The asking price for this property is $452,000.
    What are key features of this property?
    This property features: Four‑plex with basement and multiple bathrooms, including 4 bedrooms and a laundry area; Two units fully remodeled with updates completed in 2022 and 2023; Brand new exterior paint completed in 2023
    (260) 609-6217
    We can help!
    Listing Contact
    Pamela Waller
    Real Estate License ID: RB14031834
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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