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Courtesy of eXp Realty, LLC, Jordan Wildman, Home: 260-498-0384
5 Beds
4 Baths
2,412 sqft

$259,900

7321 Ideal Avenue, Fort Wayne IN, 46809-2571

Price per sqft$107.75
Built in1925
Property size2,412 sqft
Property typeResidential

Overview

Active

Updated 37h ago

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.

$1,729/mo

Est. mortgage payment based on a $259,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
202638660

Interior Features

Bedrooms
5
Bathrooms
4
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.64 Acres

Other Property Details

Taxes
$3,935
Tax Frequency
Annually
Garage
Yes
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Listings courtesy of Indiana Regional MLS as distributed by MLS GRID 

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Data last updated 4:24 AM UTC, 10/9/2026

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