608 Anderson Avenue
Fort Wayne, IN, 46805 $ 165,000
Bedrooms4 Baths2.0 Sq 1,620 Monthly Estimate*
$ 1,042
for $165,000 with 4 bedrooms and 2 full baths. This 1,620 square foot home was built in 1925.
Turn-key investment opportunity in Fort Wayne with a professionally managed, fully rented duplex. It's in the "05" area of Fort Wayne, the 46805 zip code, popular with many as a great area to live in. It's an up and down duplex, with separate entrances, with a total of 4 bedrooms and 2 baths. Utilities are handled as follows: there are two separate electric meters, one gas meter (serving the lower unit with gas heat), and a single water meter, with water and sewer expenses allocated through a RUBS (Ratio Utility Billing System). The upper unit is fully electric, with the tenants providing their own air conditioning units. The owner currently covers lawn care, and as noted before, the property is professionally managed, making it easy to own your first investment property, or add to your portfolio. This is a solid investment opportunity, just minutes from downtown Fort Wayne, and much of the entertainment, dining, and shopping that Fort Wayne has to offer. Approximate driving distances to different places in Fort Wayne, from this property, are as follows: Science Central (3), Promenade Park (4), Fort Wayne Museum of Art (4), Lakeside Park and Rose Garden (4), The History Center (4), Historic Old Fort (4), Glenbrook Square Mall (4), Fort Wayne Public Library's main branch (5), Foellinger-Freimann Botanical Conservatory (5), Foellinger Theatre (5), Allen County War Memorial Coliseum (5), Indiana Tech (5), Parkview Field (6), Fort Wayne Zoo (6), Embassy Theatre (6), Grand Wayne Convention Center (6), Parkview Randallia hospital (6), Purdue University Fort Wayne (6), Ivy Tech Community College (6), Electric Works (7), University of Saint Francis (7), Jefferson Pointe (10), Sweetwater (10), Clyde Theatre (11), Parkview North Regional Medical Center (13), Dupont Hospital (13), Fort Wayne Metals (17), Fort Wayne International Airport (18), Lutheran Hospital (18), General Motors truck plant (21). Present and future potential tenants can be close to some of Fort Wayne's top employers and most visited attractions. This could be a great place for someone to live in one unit, and rent the other, though possession dates would be subject to tenants' lease rights.
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FeaturesGeneralHeating Electricity Gas Baseboard Forced Air
Cooling None
Sewer City
# of Buildings 1
Status Active Active
Full Baths 2
Half Baths 0
Bathrooms 2
Year Built 1925
New Construction No
Tenant Pays Electric Fuel Sewer Water
Subdivision Fairview Place
Style Two Story
Stories Count 2
Township Wayne
Class INVESTMENT
Type Duplex
Age 101
Net Income 15214.8
Rent Income 19500
Features Basement Near Walking Trail Deck Open Eat-In Kitchen Porch Covered
REO No
Status Detail 0
Area Allen County
High School North Side
City Fort Wayne
School District Fort Wayne Community
Total Sq Ft 2472
Elementary School Forest Park
Middle School Lakeside
Legal Description LOT 61 FAIRVIEW PLACE
Agent First Name Andy
Agent Last Name Zoda
DOM 0
Tax Year 2026
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InteriorBasement Full Basement Unfinished
Flooring Carpet Laminate
Beds 4
Total Number of Units 2
Microwaves 0
Refrigerators 2
Washers 0
Dryer(s) 0
Dishwasher(s) 0
Disposal(s) 0
Above Grade Bedrooms 4
Below Grade Baths 0
Below Grade Bedrooms 0
Total Rooms Below Grade 0
Ranges/Ovens 2
W/D Hookups 0
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ExteriorExterior Aluminum
Pool No
Number of Parking Spaces 2
Lot Size Area 4200
Lot Dimensions 40 x 105
Lot Description Level
Water Meters 1
Electric Meters 2
Outbuilding None
Gas Meters 1
Waterfront Y/N No
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* Excluded FeaturesList ByColdwell Banker Real Estate GrBroker
Affordability Calculator
- Monthly Principal & Interest
- $1,042
- Monthly Property Taxes
- $257
- 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 $240,997
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.
1236590 Elementary School
1236135 Middle School
North Side High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/26/2026 | $165,000 | | Listed Price |