2120 Broadway Ave Fort Wayne, IN 46802
This exceptional investment opportunity presents a 0.17-acre commercial land parcel at 2120 Broadway Avenue in Fort Wayne, Indiana, 46802. The property encompasses 1,325 square feet and is zoned C3. Currently improved with a three-unit triplex, each unit is a one-bedroom apartment, all currently tenant-occupied, generating a monthly income of $1,855. This translates to a strong immediate return on investment for the buyer. The property's location offers convenient proximity to Electric Works. The seller covers utilities and lawn maintenance. Note that this property can be purchased individually or as part of a larger package including adjacent properties at 2128, 2130, and 2205 Broadway Avenue. This presents a unique chance to acquire a valuable asset in a thriving area with significant potential for future growth and development. The asking price for this income-producing property is $164,900. Detailed financial records are available upon request. This is a rare opportunity to acquire a high-yield investment property in a desirable Fort Wayne location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.