About This Home

This 5-bedroom, 4-bathroom multi-family at 7321 Ideal Avenue in Fort Wayne, IN is listed for $259,900 ($108 per sqft). Built in 1925, the home offers 2,412 sqft of living space on a 0.64 acres lot.

Key Features

  • Built in 1925
  • 0.64 acre lot
  • 8 parking spaces
  • Fireplace

Property Details

1 story
3 full, 1 half
8 spaces
1925

Amenities

FireplaceA/C
Listing Description

Rare Triplex Investment Opportunity | Outstanding Cash-Flow Potential OR The perfect House Hack! This Triplex can also be combined with a total of 12 Units in a package deal of Turnkey Property with Potential Seller Financing! There is also a 2.75% Assumable Mortgage on this specific Triplex!

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): (Owners Unit) 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. (Would make a wonderful Airbnb) 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. Seperate 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 lalmost 3/4 Acre Lot, 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 1.5 garage that could be rented out or potentially turned into an additional unit!

Monthly Cost Estimate

$1,390/mo

20% down · 6.5% · 30 years

Principal$188
Interest$1,126
Insurance$76

Estimates only. Actual payments may vary.

Location

7321 Ideal Avenue

Fort Wayne, IN 46809-2571

Waynedale

Property Details

Flooring

CarpetVinyl

Parking

Garage

Cooling

Wall Unit(s)

Questions & Answers

This 5-bedroom, 4-bathroom multi-family at 7321 Ideal Avenue is listed at $259,900 ($108/sqft). The estimated monthly payment is $1,390 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1925, 0.64 acre lot, 8 parking spaces, Fireplace.

This property is listed by Jordan Wildman.

JW

Jordan Wildman

Agent at eXp Realty, LLC

Listed by eXp Realty, LLC · Broker phone: 8127346048 · Broker website

MLS# 202638584· Source: Upstate Alliance of REALTORS® Multiple Listing Service, Inc.· 42 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.

7321 Ideal Avenue, Fort Wayne, IN 46809-2571

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