$289,900

3718 S Wayne Avenue, Fort Wayne, IN 46807

  • 5 beds |
  • 3 baths |
  • 4,064 sqft
  • Property Icon Triplex
  • Property Year Built Icon Built in 1930
  • Property Lot Size Icon8,276sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $71/sqft
  • Property List Date Icon Listed 15 days ago

Property Description

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.

Listing Status:
Active
Date Added:
September 24, 2026
Data Last Updated:
October 9, 2026 at 7:58AM
Listing Office:
eXp Realty, LLC : 888-611-3912
Listing Agent:
Jordan Wildman : 260-498-0384
MLS ID:
202639701
  • Basement: Full BasementUnfinished
  • Flooring: CarpetMixedWood
  • A/C: Central Air
  • Heating: GasForced Air
  • General: AluminumWood
  • Style: Two Story
  • Other Structures: None
  • Parking: Parking spaces: 0
  • School District: Fort Wayne Community
  • Zoning: LOT 5 & N21.91FT LOT 6 COMPRO GROVE ADD02-12-14-310-019.000-074

This listing courtesy of Jordan Wildman , eXp Realty, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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