This one time single family home is now a 5 plex and the right opportunity for that person looking to convert this home back to single family or getting an income producing property. There is more to this property than meets the eye. From the original fireplace with built-ins, leaded glass windows, hidden grand entry with Greco Roman pillars and ceiling treatments, coffered ceilings, hardwood floors, pocket door and french doors There are three units on the main floor, each with unique layouts, lots of windows for well lit apartments and lots of room. There are two apartments upstairs. These apartments are larger with flexible floor plans and could be ideal for that landlord that wishes to be on site. The apartments have not been rented to anyone for some time. Rents today could be higher. The owner has replaced the roof and decking since purchasing, replaced boiler, had entire interior painted, replaced screen doors and storm windows, replaced gutters, updated most of the electrical and insulated the entire house.
Off market
$367,900
821 Nelson St, Fort Wayne, IN 46802
4beds
3,621sqft
MultiFamily
Built in 1900
-- sqft lot
$367,900 Zestimate®
$102/sqft
$-- HOA
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Other, Gas
Cooling
- None
Appliances
- Included: Dishwasher, Dryer, Microwave, Range / Oven, Refrigerator, Washer
- Laundry: Washer/Dryer Hookups, Unit 1 Laundry Room(None), Unit 3 Laundry Room(None), Unit 2 Laundry Room(None), Unit 4 Laundry Room(None), Unit 5 Laundry Room(None)
Features
- Crown Molding, Bookcases
- Flooring: Tile, Hardwood, Laminate
- Basement: Unfinished
- Has fireplace: Yes
Interior area
- Total interior livable area: 3,621 sqft
- Finished area below ground: 0
Property
Parking
- Parking features: Garage - Attached
Features
- Entry location: Unit 1 Level(Main),Unit 2 Level(Upper),Unit 3 Level(Main),Unit 4 Level(Upper)
- Exterior features: Shingle, Wood, Brick
- Has view: Yes
- View description: City
Lot
- Size: 4,791 sqft
- Features: Level, City Lot
Details
- Parcel number: 021203485014000074
- Zoning: City Zoning(R3)
- Zoning description: R3
Construction
Type & style
- Home type: MultiFamily
Materials
- masonry
- Foundation: Crawl/Raised
- Roof: Asphalt
Condition
- Year built: 1900
Utilities & green energy
- Sewer: City
- Water: City
Community & neighborhood
Location
- Region: Fort Wayne
HOA & financial
Other financial information
- Total actual rent: 31800
Other
Other facts
- Flooring: Wood, Tile, Laminate
- Appliances: Range/Oven, Refrigerator, Dryer, Washer
- Heating: Other, Hot Water
- HeatingYN: true
- Basement: Full, Unit 1 Basement
- RoomsTotal: 16
- OwnerPays: Sewer, Trash Collection, Grounds Care, Water, Taxes, Snow Removal, Maintenance, Heating
- ConstructionMaterials: Wood Siding, Brick
- NumberOfUnitsTotal: 5
- LotFeatures: Level, City Lot
- PetsAllowed: Yes
- NumberOfBuildings: 1
- FarmLandAreaUnits: Square Feet
- NumberOfUnitsLeased: 0
- TrashExpense: 360
- MaintenanceExpense: 3200
- TenantPays: Electricity
- BelowGradeFinishedArea: 0
- InteriorFeatures: Crown Molding, Bookcases
- ZoningDescription: R3
- InsuranceExpense: 1800
- NumberOfSeparateElectricMeters: 4
- NumberOfSeparateGasMeters: 0
- WaterSource: City
- GrossIncome: 2650
- LaundryFeatures: Washer/Dryer Hookups, Unit 1 Laundry Room(None), Unit 3 Laundry Room(None), Unit 2 Laundry Room(None), Unit 4 Laundry Room(None), Unit 5 Laundry Room(None)
- FuelExpense: 2100
- ElectricExpense: 1600
- OtherExpense: 900
- Sewer: City
- TotalActualRent: 31800
- MlsStatus: Active
- EntryLocation: Unit 1 Level(Main),Unit 2 Level(Upper),Unit 3 Level(Main),Unit 4 Level(Upper)
- Zoning: City Zoning(R3)
- WaterSewerExpense: 1003
- NetOperatingIncome: 16665.7
- TaxAnnualAmount: 4171.3
Services availability

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$367,900
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With Showcase(estimated)
$375,258