Don't miss this Turnkey 4-Plex close to downtown and the Parks. This property is fully occupied and bringing in $3,075 per month. The tenants love this property with off street parking. Owner pays all utilities that average $350-$400 per month. All units were rehabbed before tenants moved in. This includes paint and flooring. This is a great opportunity for an income producing property with great tenants that don't want to leave.
Pending
$245,000
1331 Spy Run Ave, Fort Wayne, IN 46805
4beds
1,608sqft
Est.:
Quadruplex
Built in 1900
-- sqft lot
$229,700 Zestimate®
$--/sqft
$-- HOA
What's special
Off street parking
- 73 days |
- 210 |
- 8 |
Zillow last checked: 8 hours ago
Listing updated: December 07, 2025 at 09:23am
Listed by:
Rachel Morgan-Hamilton rachelmh.realty@gmail.com,
Beach Vibes Realty
Source: IRMLS,MLS#: 202540868
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Natural Gas, Forced Air
Cooling
- None
Appliances
- Included: Gas Water Heater
Features
- Flooring: Carpet, Laminate
- Basement: Full,Unfinished
Interior area
- Total structure area: 1,608
- Total interior livable area: 1,608 sqft
- Finished area above ground: 1,608
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 4
- Parking features: Off Street, Off Street Parking, Aggregate, Asphalt
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Porch Covered
Lot
- Size: 4,356 Square Feet
- Dimensions: 30X150
- Features: Level, City/Town/Suburb, Near Walking Trail
Details
- Additional structures: Outbuilding
- Parcel number: 021202229014.000074
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Quadruplex
Materials
- Vinyl Siding
- Roof: Asphalt,Shingle
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Electric: AEP/I&M
- Gas: NIPSCO
- Sewer: City
- Water: City, Fort Wayne City Utilities
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
- Subdivision: Wells Reserve
Location
- Region: Fort Wayne
Financial & listing details
- Tax assessed value: $162,000
- Annual tax amount: $3,700
- Date on market: 10/9/2025
- Listing terms: Cash,Conventional,FHA,VA Loan
- Inclusions: Building, Land
- Lease term: 12 Months
- Total actual rent: 36900
- Tenant pays: None
- Road surface type: Paved
Estimated market value
$229,700
$218,000 - $241,000
$1,085/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/7/2025 | Pending sale | $245,000 |
Source:  IRMLS #202540868 Report a problem | ||
| 10/9/2025 | Listed for sale | $245,000-5.8% |
Source: IRMLS #202540868 Report a problem | ||
| 6/23/2025 | Listing removed | $260,000 |
Source: IRMLS #202508683 Report a problem | ||
| 5/26/2025 | Price change | $260,000-1.9% |
Source: IRMLS #202508683 Report a problem | ||
| 4/22/2025 | Price change | $265,000-3.6% |
Source: IRMLS #202508683 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,610 +47% | $162,000 +2.6% |
| 2023 | $2,457 +2.5% | $157,900 +44.5% |
| 2022 | $2,396 +60.6% | $109,300 +2.1% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,189/mo
Principal & interest
$950
Property taxes
$153
Home insurance
$86
Climate risks
Neighborhood: Spy Run
Nearby schools
GreatSchools rating
- 5/10Forest Park Elementary SchoolGrades: PK-5Distance: 0.9 mi
- 5/10Lakeside Middle SchoolGrades: 6-8Distance: 1.3 mi
- 2/10North Side High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- Elementary: Forest Park
- Middle: Lakeside
- High: North Side
- District: Fort Wayne Community
Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
