In the market for your next income-generating property? Check out this charming 1951 original brick 5-unit apartment building, newly renovated and located near downtown Fort Wayne, right along the scenic St. Joe River. This property features modern updates throughout, with each unit offering front and back entrances for added convenience. Four of the five units are currently occupied, so you’ll enjoy immediate income potential. The seller has taken great care of this property, with a roof replacement in 2022 and resolving and paying for all prior code violations. There's also a detached garage with four private bays, perfect for additional rental income. Sitting on half an acre, this property provides room for expansion. With completed surveys, CAD plans, and engineering quotes provided by the seller, you're ready to add eight more units to maximize its earning potential. Don’t miss this opportunity to own a property that’s ready to generate income from day one—with even more potential for the future!
Closed
$488,500
1660 Saint Joe Blvd, Fort Wayne, IN 46805
10beds
4,550sqft
Sixplex
Built in 1951
-- sqft lot
$494,700 Zestimate®
$--/sqft
$-- HOA
What's special
Zillow last checked: 7 hours ago
Listing updated: March 10, 2025 at 08:00am
Listed by:
Jerry Starks Off:260-969-2709,
JM Realty Associates, Inc.,
Cheyenne Moss,
JM Realty Associates, Inc.
Bought with:
Johanna Pardon, RB18000867
Mike Thomas Assoc., Inc
Source: IRMLS,MLS#: 202447689

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Natural Gas
Cooling
- None
Appliances
- Included: Gas Water Heater
Features
- Storage, Laminate Counters
- Flooring: Carpet, Laminate
- Basement: Partially Finished,Concrete
Interior area
- Total structure area: 9,090
- Total interior livable area: 4,550 sqft
- Finished area above ground: 3,600
- Finished area below ground: 950
Property
Parking
- Total spaces: 8
Accessibility
- Accessibility features: ADA Features
Features
- Levels: Two
- Stories: 2
- Has view: Yes
- Waterfront features: Waterfront, River Front, River
- Body of water: Saint Joseph River
Lot
- Size: 0.42 Acres
- Dimensions: 110x193
- Features: Near Walking Trail
Details
- Additional structures: None
- Parcel number: 020736381001.000074
- Zoning: R3
- Zoning description: Multi-Family Residential Development
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Sixplex
Materials
- Brick
Condition
- New construction: No
- Year built: 1951
Utilities & green energy
- Electric: AEP/I&M
- Gas: NIPSCO
- Sewer: City
- Water: City, Citizens Water
Community & neighborhood
Location
- Region: Fort Wayne
- Subdivision: None
HOA & financial
Other financial information
- Total actual rent: 60000
Other
Other facts
- Listing terms: Cash,Conventional
Services availability

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$494,700
2% more+ $9,894
With Zillow Showcase(estimated)
$504,594