1005 Cottage Avenue
Fort Wayne, IN, 46807 $ 159,900
Bedrooms3 Baths1.0 Sq 1,408 Monthly Estimate*
$ 1,010
for $159,900 with 3 bedrooms and 1 full bath. This 1,408 square foot home was built in 1906.
Investor opportunity in the heart of Fort Wayne's desirable 46807 district (TENANT ALREADY IN PLACE) ! This well-maintained 3-bedroom, 1-bath two-story home offers immediate cash flow with a tenant already in place through March 2027 at $1,600 per month, creating a turnkey investment with stable income from day one.Located just minutes from Electric Works, downtown Fort Wayne, restaurants, entertainment, parks, and major employment centers, this property combines historic character with numerous updates completed during the current ownership period. Improvements include a remodeled kitchen with updated cabinetry and countertops, remodeled bathroom, updated flooring, refreshed interior and exterior finishes, and freshly painted front porch accents. Major mechanical updates include a new furnace and central air conditioning installed in 2022, with the HVAC system professionally serviced on June 19, 2026. Additional updates include a refrigerator and stove installed in 2022, along with a washer and dryer added in 2025.The property also benefits from a structural engineer assessment completed in 2022 regarding the basement, providing additional information and peace of mind for future ownership.The home offers approximately 1,408 square feet, spacious bedrooms, a dedicated dining room, basement storage, detached garage with alley access, a large covered front porch, and a generously sized lot. Investors will appreciate the opportunity to acquire a performing asset with an established tenant already in place, reducing vacancy concerns and providing predictable income from day one.Whether you're expanding your portfolio or seeking a well-maintained investment property in one of Fort Wayne's most active growth corridors, 1005 Cottage Avenue presents an excellent opportunity to secure a leased property with proven rental income and substantial recent improvements.Tenant occupied through March 2027. Lease available upon request. Minimum 24-hour notice required for all showings, and showings to only be on Tuesdays. Property is being sold AS-IS. Some photos have been digital staged for tenant privacy.
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FeaturesGeneralHeating Gas Forced Air
Cooling Central Air
Sewer Public
Status Active Active
Full Baths 1
Half Baths 0
Bathrooms 1
Year Built 1906
Parking Garage Lot Off Street Street
New Construction No
Tenant Pays Cable Electric Fuel Heating Sewer Trash Collection Water
Subdivision Weber(s)
Style Two Story
Stories Count 2
Township Wayne
Class INVESTMENT
Type Other
Age 120
Net Income 14378
Rent Income 19200
Features Basement Fenced Yard Off Street Parking Cable Available Closet(s) Walk-in Countertops-Laminate Porch Covered Water Heater Gas
REO No
Status Detail 0
Common Amenities Sidewalks
Area Allen County
High School South Side
City Fort Wayne
School District Fort Wayne Community
Energy Efficient HVAC
Total Sq Ft 1936
Elementary School South Wayne
Middle School Portage
Legal Description LOT 12 WEBERS ADD
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202625935
Agent First Name Edmond
Agent Last Name Jemison
DOM 33
Tax Year Fall 2025/Spring 26
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InteriorBasement Crawl Partial Basement
Flooring Laminate Part Carpet Vinyl
Beds 3
Total Number of Units 1
Microwaves 1
Refrigerators 1
Washers 1
Dryer(s) 1
Dishwasher(s) 0
Disposal(s) 0
Above Grade Bedrooms 3
Below Grade Baths 0
Below Grade Bedrooms 0
Total Rooms Below Grade 0
Ranges/Ovens 1
W/D Hookups 1
Basement Material Brick
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ExteriorExterior Wood
Driveway Gravel
Pool No
Number of Parking Spaces 2
Lot Size Area 5663
Lot Dimensions 41 x 133
Lot Description Level 0-2.9999
Fence Barb Wire
Water Meters 1
Electric Meters 1
Outbuilding None
Water Features None
Gas Meters 1
Waterfront Y/N No
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* Excluded FeaturesList ByEdmond JemisonListing Agent
Century 21 Bradley Realty, IncBroker
jemison0822@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $1,010
- Monthly Property Taxes
- $147
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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.
Learn more about how to save NearbyMulti-family listings in Fort Wayne, IN
Average List Price $233,883
Percent of Sale Price 46%
About Fort Wayne, IN 262,196 Population
5% Since 2002
$ 44,785 Median Income
36.31 Median Age
30% Households with Children
Trends Information provided by ATTOM Data Solutions.
1237103 Elementary School
1235721 Middle School
South Side High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/20/2026 | $159,900 | -3.03% | Price Down |
| 6/30/2026 | $164,900 | | Listed Price |