$515,000
In the market for your next income-generating property? Don’t miss this charming 1951 all-brick 5-unit apartment building, ideally located near downtown Fort Wayne along the scenic St. Joe River. This well-maintained property features both front and rear entrances, offering added convenience for tenants. Recent renovations enhance its appeal while preserving its classic character. All five units offer 2-bedroom layouts, making them highly desirable for tenants. Three of the five units are currently occupied, providing immediate income potential. Whether you’re expanding your portfolio or entering the investment market, this property offers a great combination of location, charm, and steady income opportunity.
From Spy Run Ave turn right onto Tennessee, left onto St Joe
| MLS # | 202609231 |
|---|---|
| Date Listed | 2026-03-20 |
| Status | Active |
| Property Type | Investment |
| Property SubType | Apartment Building |
| Finished Square Feet | 4550 sqft |
| Total Square Feet | 5450 sqft |
| New Construction | No |
| Style | Other |
| Type | Apartment Building |
| Basement | Yes |
| Bedrooms | 10 |
| Bathrooms | 5 |
| Year Taxes Payable | 2026 |
| Year Built | 1951 |
| Virtual Tour | propertypanorama.com » |
| Days on Market | 65 |
| Living Room | 5 × 0 | Level |
| Kitchen | 950 × 1050 | Level |
| 5th Bedroom | 5 × 5 | Level |
| Extra Room | 2 × 2 | Level |
| Full Baths | 8 Main, 3 Upper |
| Half Baths | 2 Main, 1 Upper |
| Construction | Apartment Building |
|---|---|
| Lot Size | 18,295 sq ft |
| Acreage | 0.42 Acres |
| Lot Dimensions | 110x193 |
| Fence | None |
| Area | Allen County |
|---|---|
| County | Allen |
| Subdivision | None |
| Township | Wayne |
| City | Fort Wayne |
| State | IN |
| Zip | 46805 |
| School District | Fort Wayne Community |
|---|---|
| Elementary | Franke Park |
| Middle School | Lakeside |
| High School | North Side |
| Assoc. Dues | $0.00 Not Applicable |
|---|
MLS# 202609231
IDX information provided by the Indiana Regional MLS.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Listing Provided Courtesy of Johanna Pardon
Mike Thomas Assoc., Inc
Listing updated April 22, 2026 at 6:45 pm
Last checked 7 minutes ago