7321 Ideal Avenue, Fort Wayne, IN 46809
Local realty services provided by:Better Homes and Gardens Real Estate Connections
Listed by: jordan wildman, jordan wildmanHome: 260-498-0384
Office: exp realty, llc.
MLS#:202638660
Source:Indiana Regional MLS
Price summary
- Price:$259,900
- Price per sq. ft.:$84.06
About this home
Rare Triplex Investment Opportunity | Outstanding Cash-Flow Potential Welcome to a high-yield, turn-key investment property designed for maximum flexibility and immediate returns! This versatile multi-family triplex features three distinct rental units, strong rental history, and a central layout that maximizes privacy for all tenants. Whether you are looking to add a reliable cash-flowing asset to your portfolio or live in one unit while leasing out the others, this property is a rare find in today's market. Unit Breakdown & Layout Unit A (Main & Upper Level - Front of House): Layout: 3 Bedrooms | 1.5 Bathrooms Features: Spans two stories at the front of the home. Includes direct access to the basement, access to the attached house garage, and direct entry to the shared common laundry room. Heating & Cooling: Gas Forced Air | Wall A/C unit (recently updated, under 2 years old). Unit B (Ground Level - Left Side): Layout: Studio Apartment | 1 Full Bathroom Features: Convenient side-entry studio layout partially built on a slab. Low-maintenance footprint with cozy single-level living. Heating & Cooling: Electric Baseboard | Window A/C. Unit C (Ground Level - Right Rear): Layout: 1 Bedroom | 1 Full Bathroom Features: Situated at the right rear of the structure, positioned above the attached garage space. Quick access to the adjacent shared laundry area. Heating & Cooling: Gas Forced Air | Window A/C. ? Property Upgrades, Mechanicals & Utilities Utilities & Billing: Units feature separate electric metering. Gas and water/trash are metered and billed via a Ratio Utility Billing System (RUBS), allowing for simple and fair expense pass-throughs. Mechanical Systems: Gas forced-air furnaces (approx. 15 years old) and electric water heaters (estimated 5–10 years old). Exterior & Grounds: Low-maintenance aluminum siding, a low-maintenance yard, and a large yard area featuring a shared swing set. Parking & Storage: Unit A includes 1 attached garage space. Additional off-street parking options for Units B & C. Property features a 2nd detached garage plus an outdoor storage shed....
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Home facts
- Year built:1925
- Subdivision & Development:Waynedale
- Listing ID #:202638660
- Added:50 day(s) ago
- Updated:November 07, 2026 at 04:40 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:4
- Full bathrooms:3
- Rooms Total:17
- Flooring:Carpet, Hardwood Floors, Laminate, Tile, Vinyl
- Kitchen Description:Dishwasher, Kitchen Exhaust Hood, Microwave, Oven-Built-In, Oven-Electric, Range-Electric, Refrigerator
- Basement Description:Cellar, Full Basement, Outside Entrance, Partially Finished, Walk-Out Basement
- Living area:2,412 sq. ft.
Heating and cooling
- Cooling:Wall AC, Window
- Heating:Electric, Gas
Structure and exterior
- Roof:Shingle
- Year built:1925
- Building area:2,412 sq. ft.
- Lot area:0.64 Acres
- Lot Features:Level
- Architectural Style:Traditional, Two Story
- Construction Materials:Aluminum
- Levels:2 Stories
Schools
- High school:Wayne
- Middle school:Portage
- Elementary school:Waynedale
Utilities
- Water:City
- Sewer:City
Finances and disclosures
- Price:$259,900
- Price per sq. ft.:$84.06
- Tax amount:$3,935
Parking
- Parking description:Attached, Gravel Driveway
- Garage spaces:2
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