3718 S Wayne Avenue, Fort Wayne, IN 46807
Local realty services provided by:ERA First Advantage Realty, Inc.
Listed by: jordan wildman, jordan wildmanHome: 260-498-0384
Office: exp realty, llc.
MLS#:202639701
Source:Indiana Regional MLS
Price summary
- Price:$299,900
- Price per sq. ft.:$73.79
About this home
Investment Highlights Turn-Key Cash Flow: Grossing $2,885/month across three distinct, fully occupied units. Prime 07 Location: Nestled on historic South Wayne Ave, immediately adjacent to the highly desirable Illsley Place and Oakdale historic neighborhoods. Legal Triplex: Fully compliant with an established legal triplex variance in place. Utility Efficiency: All utilities are set up on RUBS (Ratio Utility Billing System) for seamless tenant expense pass-throughs. Low Maintenance Exterior: Features durable aluminum siding and a clean, solid exterior profile. Extensive Capital Improvements & Upgrades Roofing: Complete peace of mind with a brand-new shingle roof equipped with gutter guards, plus a new flat roof section. HVAC & Systems: Brand-new furnaces and central A/C units (all units enjoy Central Air; 1 shared high-efficiency heater for upper levels). Gas line was fully repaired/updated just a few years ago. Structural: Foundation wall professional restoration completed. Interior: Complete top-to-bottom interior remodel across all units featuring updated kitchens, modern bathrooms, refreshed flooring, and updated fixtures. Unit Breakdown & Layouts Unit 1 (Main Level - HUGE): Layout: 3 Bedrooms | 1 Full Bathroom (Boasts over 1,200+ sq. ft.) Features: A true showstopper featuring a gorgeous light-filled Solarium Room, expansive living and dining areas, character-rich details, and generous bedroom sizes. Unit 2 (Upper Level): Layout: 1 Bedroom | 1 Full Bathroom Features: Fully remodeled 1-bed layout with stylish finishes and central air. Unit 3 (Upper Level): Layout: 1 Bedroom | 1 Full Bathroom Features: Efficient, fully remodeled 1-bed unit with high tenant demand. On-Site Amenities & Value-Add Potential Coin-Operated Laundry: On-site coin laundry facility located in the huge basement, providing a steady stream of passive bonus income. Bonus Storage: Large basement offers potential for tenant storage lockers or additional owner storage. Future upside in rent increases given the top-tier location and fresh remodel. A rare, fully remodeled 3-unit property in Fort Wayne's booming 46807 zip code....
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Home facts
- Year built:1930
- Subdivision & Development:Nindes
- Listing ID #:202639701
- Added:1 day(s) ago
- Updated:September 26, 2026 at 03:27 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:3
- Full bathrooms:3
- Flooring:Carpet, Mixed, Wood
- Basement Description:Full Basement, Unfinished
- Living area:2,696 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air, Gas
- Central air:Yes
Structure and exterior
- Year built:1930
- Building area:2,696 sq. ft.
- Lot area:0.19 Acres
- Lot Features:Level
- Architectural Style:Two Story
- Construction Materials:Aluminum, Wood
- Levels:2 Stories
Schools
- High school:South Side
- Middle school:Kekionga
- Elementary school:Harrison Hill
Utilities
- Water:City
- Sewer:City
Finances and disclosures
- Price:$299,900
- Price per sq. ft.:$73.79
- Tax amount:$948
Features and amenities
- Amenities:Storage, Water Heater Electric
Parking
- Garage spaces:1
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