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Property profile & analytics
OFF-MARKET
Specialty properties

2120 Broadway Ave Fort Wayne, IN 46802

1,325 SF 0.17 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Specialty properties
Total area 1,325 SF
Lot 0.17 ac (7,405 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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