Duplex with Separate
920 W Jefferson Boulevard, Fort Wayne, IN 46802
For Sale
$234,900
INVESTMENT, One and Half Story, Fort Wayne, IN
Property Size1,945 SF
Lot Size0.09 Acres
Price / SF$120.77
Days on Market52
Property Features for 920 W Jefferson Boulevard
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Subdivision
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Cooling system
Amenities
central air conditioning
ceiling fans
in-unit laundry
Building Details
Year built
Floors in Building
Number of units
Flooring type
Architectural style
Listing Agency:
eXp Realty, LLC
(888) 611-3912
Listed By:
Jordan Wildman · License IN RB19001056
(260) 498-0384
Added: Sep 24
Changed: Oct 27
Last Checked: Nov 14 at 12:06AM
MLS# 202639603
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.
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Investment Insights
Based on property information with market context.
This 1,945-square-foot duplex on a 0.09-acre parcel is arranged as front and rear residences. Each has its own basement and separate utilities. Interior updates include refreshed hardwood and new LVP flooring, updated kitchens and bathrooms, central air conditioning, and separate in-unit laundry. The building dates to 1950, and reserved off-street parking is located behind it.
The property is on W Jefferson Boulevard in Fort Wayne’s West Central area, near downtown destinations including Electric Works, Promenade Park, Parkview Field, the Landing, the Embassy Theatre, and Grand Wayne Convention Center.
The property is on W Jefferson Boulevard in Fort Wayne’s West Central area, near downtown destinations including Electric Works, Promenade Park, Parkview Field, the Landing, the Embassy Theatre, and Grand Wayne Convention Center.
Key Highlights
- Front‑and‑back duplex layout with separate basements and utility services
- 1,945 square feet on a 0.09‑acre lot
- Interior updates include refreshed hardwood, LVP flooring, kitchens, and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,480
Cap Rate
7.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,600
$349.6K
Cap Rate 7%
$249,714
$249.7K
Cap Rate 9%
$194,222
$194.2K
Market Conditions
NOI Build-Up for 1,945 SF
Gross rent
$26.4K $13.56/SF
− Vacancy
−$1.4K −$0.72/SF
EGI
$25.0K $12.84/SF
− OpEx
−$7.5K −$3.85/SF
NOI
$17.5K $8.99/SF
Area
Allen County, IN
Vacancy
5.32%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,600
Cap Rate 7%
$249,714
Cap Rate 9%
$194,222
Alternative Uses
Best Use
Apartment 5plus
$1.46M
$1.28M – $1.70M
NOI $102,043 @ 7.0% cap
Second Best
Multifamily LT 5
$249.7K
$218.5K – $291.3K
NOI $17,480 @ 7.0% cap · market cap 7.44%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,976
Businesses Nearby
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Business Placement
Demographics for 46802, IN
10,664
Population
5,831
Households
1.8
Avg Household Size
35
Median Age
23%
College-Educated
83%
High-School Grad
4.2 sq mi
ZIP Area
2,539
Density / Sq Mi
$40,903
Median Household Income
$32,172
Median Earnings
$880
Median Rent
$131,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Fort Wayne, IN
Properties on Market for Duplexes in Fort Wayne
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Front-and-back residences have individual basements, utility services, and in-unit laundry.
Where is this duplex located?
The property is located at 920 W Jefferson Boulevard Fort Wayne, IN.
What is the asking price?
The asking price for this property is $234,900.
What are key features of this property?
This property features: Front‑and‑back duplex layout with separate basements and utility services; 1,945 square feet on a 0.09‑acre lot; Interior updates include refreshed hardwood, LVP flooring, kitchens, and bathrooms
