Listed with Jerry Starks, JM Realty Associates, Inc., Cell: 260-479-8161

Price $109,000
Status Active
Beds 3
Baths 1 Bath
Home size 1,440 sqft
Lot Size 2,178 sqft
Days on Market 1
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.
Property Type(s): Multi Family
Last Updated 5/12/2026 Tract Purman(s)
Year Built 1915 County Allen

SCHOOLS

School District Fort Wayne Community
Elementary School Fairfield
Jr. High School Shawnee
High School South Side

Additional Details

BASEMENT Crawl Space, Yes
CONSTRUCTION Wood Siding
HEAT Forced Air, Natural Gas
LOT 2178 sq ft
LOT DESCRIPTION Level
LOT DIMENSIONS 30 x 77
SEWER Public Sewer
STORIES 2
STYLE Two Story
SUBDIVISION Purman(s)
WATER Public
Listed with Jerry Starks, JM Realty Associates, Inc., Cell: 260-479-8161
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Indiana Regional MLS®. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Copyright© 2026 IRMLS. All rights reserved.
Last Updated On: 5/13/26 8:00 PM PDT
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This IDX solution is (c) Diverse Solutions 2026.

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