1004 Delaware Avenue Fort Wayne, IN $ 425,000
1004 Delaware Avenue
$ 425,000
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1004 Delaware Avenue

Fort Wayne, IN, 46805
$ 425,000
Bedrooms7 Baths5.0 Sq 3,346

Monthly Estimate*

$ 2,617

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Multi-Family Home for sale in Fort Wayne, IN

for $425,000 with 7 bedrooms and 5 full baths. This 3,346 square foot home was built in 1890.

Located in the heart of Fort Wayne's desirable 46805 zip code, this exceptional all brick five unit investment property offers a rare opportunity for investors seeking both character and income potential. Just minutes from the heart of downtown Fort Wayne, Promenade Park, The Landing, dining, entertainment, and cultural attractions, this property is ideally situated in one of the city's most sought after areas. Built around 1890, the building showcases timeless historic charm, and impressive curb appeal, with architectural details that reflect its rich heritage. The property consists of 3 two bedroom units, 1 one bedroom unit, and 1 studio unit, providing a diverse rental mix. Major updates include a roof just over three years old with guttering, and windows were replaced approximately 10 years ago. Cedar closets, basement with shared laundry room, and ample spaces in the large parking lot. Whether you're looking to expand your investment portfolio or acquire a distinctive income producing property, this well maintained 5-plex combines historic character, a prime location, and strong rental appeal.

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Multi-Family Active

Price

$ 425,000

Bedrooms

7

Full Bath

5

Property Type

Multi-Family

Taxes

$ 4,645

Style

Historic

Year Built

1890

Town/City

Fort Wayne

County/Region

Allen

MLS | Web ID

202624232

Features
General
Heating Hot Water
Cooling None
Sewer City
Status Active Active
Full Baths 5
Half Baths 0
Bathrooms 5
Year Built 1890
Parking Off Street
New Construction No
Tenant Pays Electric
Subdivision Bakers Homestead
Style Two Story
Stories Count 2
Township Wayne
Class INVESTMENT
Type Fiveplex
Age 136
Net Income 31795
Rent Income 45300
Features Basement Off Street Parking Closet(s) Cedar Landscaped Porch Covered Water Heater Gas Washer Hook-Up
REO No
Status Detail 0
Common Amenities Laundry Facilities
Area Allen County
Location City/Town/Suburb
High School North Side
City Fort Wayne
School District Fort Wayne Community
Architectural Style Historic
Total Sq Ft 4232
Elementary School Forest Park
Middle School Lakeside
Legal Description W 84.5 Ft Frl Lot A Baker Homestead Add
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202624232
Agent First Name David
Agent Last Name Springer
DOM 0
Tax Year 2026
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Interior
Basement Partially Finished
Flooring Carpet Mixed Tile Wood
Beds 8
Total Number of Units 5
Microwaves 0
Refrigerators 5
Washers 1
Dryer(s) 1
Dishwasher(s) 0
Disposal(s) 0
Above Grade Bedrooms 7
Below Grade Baths 1
Below Grade Bedrooms 1
Total Rooms Below Grade 2
Ranges/Ovens 5
W/D Hookups 1
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Exterior
Exterior Brick
Pool No
Number of Parking Spaces 6
Lot Size Area 13504
Lot Dimensions 88 x 156
Lot Description Level Slope
Fence None
Water Meters 1
Electric Meters 6
Outbuilding None
Gas Meters 1
Waterfront Y/N No
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* Excluded Features
List By
David Springer

Listing Agent

Mike Thomas Assoc., Inc

Broker

dspringer@mikethomasrealtor.com

Email

Affordability Calculator

$3,004
Per Month
87%
13%
0%
Monthly Principal & Interest
$2,617
Monthly Property Taxes
$387
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1236590 Elementary School
1236135 Middle School
North Side High School High School
Pricing History
DatePricePrice ChangeDescription
6/19/2026$425,000 Listed Price

Map


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1004 Delaware Avenue, Fort Wayne, IN, 46805 is a Multi-Family Home for sale at $425,000 with 3,346 sqft. 1004 Delaware Avenue has 7 bedrooms, 5.0 baths, and was built in 1890. The property's zip code is 46805 which is in Fort Wayne, IN