7321 Ideal Avenue Fort Wayne, IN 46809

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Traditional,Other • 101Y Old

$269,900

7321 Ideal Avenue

5 Bedrooms 2 on Main Level
4 Bathrooms 3 Full, 1 Half
2412 sqft
0.64 Acres
2 Car Garage Attached 20 × 28 (560 sqft)
Property Description

Rare Triplex Investment Opportunity | Outstanding Cash-Flow Potential Welcome to a high-yield, turn-key investment property designed for maximum flexibility and immediate returns! This versatile multi-family triplex features three distinct rental units, strong rental history, and a central layout that maximizes privacy for all tenants. Whether you are looking to add a reliable cash-flowing asset to your portfolio or live in one unit while leasing out the others, this property is a rare find in today's market. Unit Breakdown & Layout Unit A (Main & Upper Level - Front of House): Layout: 3 Bedrooms | 1.5 Bathrooms Features: Spans two stories at the front of the home. Includes direct access to the basement, access to the attached house garage, and direct entry to the shared common laundry room. Heating & Cooling: Gas Forced Air | Wall A/C unit (recently updated, under 2 years old). Unit B (Ground Level - Left Side): Layout: Studio Apartment | 1 Full Bathroom Features: Convenient side-entry studio layout partially built on a slab. Low-maintenance footprint with cozy single-level living. Heating & Cooling: Electric Baseboard | Window A/C. Unit C (Ground Level - Right Rear): Layout: 1 Bedroom | 1 Full Bathroom Features: Situated at the right rear of the structure, positioned above the attached garage space. Quick access to the adjacent shared laundry area. Heating & Cooling: Gas Forced Air | Window A/C. ? Property Upgrades, Mechanicals & Utilities Utilities & Billing: Units feature separate electric metering. Gas and water/trash are metered and billed via a Ratio Utility Billing System (RUBS), allowing for simple and fair expense pass-throughs. Mechanical Systems: Gas forced-air furnaces (approx. 15 years old) and electric water heaters (estimated 5–10 years old). Exterior & Grounds: Low-maintenance aluminum siding, a low-maintenance yard, and a large yard area featuring a shared swing set. Parking & Storage: Unit A includes 1 attached garage space. Additional off-street parking options for Units B & C. Property features a 2nd detached garage plus an outdoor storage shed.

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Sale Includes

Dishwasher, Microwave, Refrigerator, Washer, Dryer-Electric, Kitchen Exhaust Hood, Oven-Built-In, Oven-Electric, Range-Electric, Water Heater Electric

Map to 7321 Ideal Avenue, Fort Wayne, IN 46809

Property
MLS # 202638660
Date Listed 2026-09-18
Status Active
Property Type Residential
Property SubType Site-Built Home
Finished Square Feet 2412 sqft
Total Square Feet 3092 sqft
New Construction No
Style Two Story
Type Site-Built Home
Basement Yes
Bedrooms 5
Bathrooms 4 (3 Full, 1 Half)
Annual Taxes $3,935.00
Year Taxes Payable 2026
Year Built 1925
Days on Market 0
Additional
Design Traditional,Other
Cooling Wall AC, Window
Heating Electric, Gas
Garage Attached
Hardwood Floors Yes
Main Level Laundry Yes
Outbuilding 2nd Detached Garage
Room Dimensions
Master Bedroom 11 × 12 Upper Level
2nd Bedroom 15 × 10 Upper Level
3rd Bedroom 10 × 16 Upper Level
4th Bedroom 15 × 10 Main Level
5th Bedroom 11 × 14 Main Level
Bathroom Locations
Full Baths 2 Main, 1 Upper
Half Baths 1 Main
External Features
Construction Site-Built Home
Exterior Aluminum
Lot Size 28,000 sq ft
Acreage 0.64 Acres
Lot Dimensions 125X224
Out Buildings 2nd Detached Garage
Sewer City
Water City
Fence Partial
Location
Area Allen County
Location City/Town/Suburb
County Allen
Subdivision Waynedale
Township Wayne
City Fort Wayne
State IN
Zip 46809
Schools
School District Fort Wayne Community
Elementary Waynedale
Middle School Portage
High School Wayne
Financial
Financing Terms Cash, Conventional, FHA, VA
Assoc. Dues $0.00 Not Applicable

MLS# 202638660
Listing Provided Courtesy of Jordan Wildman
eXp Realty, LLC
Home: 260-498-0384

Listing updated September 18, 2026 at 9:45 am
Last checked 3 minutes ago

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.

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