About This Home

This 4-bedroom, 2-bathroom multi-family at 462 E Suttenfield Street in Fort Wayne, IN is listed for $89,900 ($53 per sqft). Built in 1915, the home offers 1,685 sqft of living space on a 0.05 acres lot.

Key Features

  • Built in 1915
  • 0.05 acre lot
  • 3 stories

Property Details

3 stories
2 full
1915
Listing Description

Conveniently located near downtown, this duplex presents an incredible opportunity for investors, flippers, or owner-occupants looking to build equity and customize a property from the ground up. The owner has already taken the property all the way down to the studs, giving you a clean slate to design and finish exactly how you envision.

With the major demolition already completed, you can move directly into rebuilding and installing all new electrical, plumbing, HVAC, windows, finishes, and other updates to create a modern income-producing property. Basement walls are solid, and the property offers strong upside potential for the right buyer.

Plans and blueprints are available to help guide the design and layout, while still allowing flexibility to customize the duplex to your liking. Estimated rental income after completion is approximately $1,300-$1,500 per side, with an estimated after-repair value around $240,000-$250,000.

The owner is a licensed contractor and may be willing to discuss completing the renovation for the buyer. FHA 203(k) financing could be a fantastic option - live in one unit while renting the other to help offset your mortgage payment. The possibilities are endless. Don't miss this opportunity to create value and build wealth with a duplex in a convenient downtown location.

Monthly Cost Estimate

$481/mo

20% down · 6.5% · 30 years

Principal$65
Interest$390
Insurance$26

Estimates only. Actual payments may vary.

Location

462 E Suttenfield Street

Fort Wayne, IN 46803

Purman(s)

Property Details

Flooring

WoodCarpetVinyl

Questions & Answers

This 4-bedroom, 2-bathroom multi-family at 462 E Suttenfield Street is listed at $89,900 ($53/sqft). The estimated monthly payment is $481 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1915, 0.05 acre lot, 3 stories.

This property is listed by Jerry Starks.

JS

Jerry Starks

Agent at JM REALTY ASSOCIATES

Listed by JM REALTY ASSOCIATES · Broker phone: (260) 969-2709 · Broker website

MLS# 202618627· Source: Upstate Alliance of REALTORS® Multiple Listing Service, Inc.· 165 days on PropertySimple

Copyright © 2026 Upstate Alliance of REALTORS® Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

462 E Suttenfield Street, Fort Wayne, IN 46803

Open this listing in: