This turnkey fourplex offers a secure and stable investment opportunity for both seasoned and first-time investors. With 100% occupancy, you'll start generating rental income immediately. The property features a recent roof replacement and painted exterior minimizing maintenance needs. The units offer three spacious 1 bedroom, 1 bathroom units, and one larger 2 bedroom, 1 bathroom unit. While the property has just one meter for each utility, tenants are charged a monthly utility fee to cover these costs, ensuring a steady stream of income for the owner. Located in the heart of the vibrant downtown Main Street Corridor, the property boasts unbeatable access to shops, restaurants, and nightlife, making it highly attractive to tenants. Inquire today to learn more about this exceptional income property!
Closed
$191,000
616 Mechanic St, Fort Wayne, IN 46808
5beds
2,062sqft
Quadruplex
Built in 1920
-- sqft lot
$210,700 Zestimate®
$--/sqft
$1,057 Estimated rent
Home value
$210,700
$181,000 - $238,000
$1,057/mo
Zestimate® history
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$1,206/mo
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Zillow last checked:
Listing updated:
Listed by:
Jordan Wildman Home:260-498-0384,
eXp Realty, LLC
Bought with:
Jordan Wildman, RB19001056
eXp Realty, LLC
Source: IRMLS,MLS#: 202425826
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Natural Gas, Forced Air
Cooling
- None
Features
- Laminate Counters
- Flooring: Carpet, Laminate
- Basement: Partial
Interior area
- Total structure area: 2,587
- Total interior livable area: 2,062 sqft
- Finished area above ground: 2,062
- Finished area below ground: 0
Property
Parking
- Parking features: None
Features
- Levels: Two
- Stories: 2
- Fencing: None
Lot
- Size: 2,613 sqft
- Dimensions: 50X50
- Features: Level, City/Town/Suburb
Details
- Additional structures: None
- Parcel number: 021203409012.000074
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Asbestos
- Foundation: Basement
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Electric: AEP/I&M
- Gas: NIPSCO
- Sewer: City
- Water: City, Fort Wayne City Utilities
Community & neighborhood
Location
- Region: Fort Wayne
- Subdivision: Herbert E Eckarts
HOA & financial
Other financial information
- Total actual rent: 28200
Other
Other facts
- Listing terms: Cash,Conventional,FHA,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 8/13/2024 | Sold | $191,000-2% |
Source:  IRMLS #202425826 Report a problem | ||
| 8/9/2024 | Pending sale | $194,900 |
Source: IRMLS #202425826 Report a problem | ||
| 7/13/2024 | Listed for sale | $194,900-2.5% |
Source: IRMLS #202425826 Report a problem | ||
| 6/1/2024 | Listing removed | $199,999 |
Source: IRMLS #202404040 Report a problem | ||
| 4/22/2024 | Listed for sale | $199,999 |
Source: IRMLS #202404040 Report a problem | ||
| 4/5/2024 | Pending sale | $199,999 |
Source: IRMLS #202404040 Report a problem | ||
| 4/3/2024 | Price change | $199,999-2.4% |
Source: IRMLS #202404040 Report a problem | ||
| 3/9/2024 | Price change | $205,000-2.4% |
Source: IRMLS #202404040 Report a problem | ||
| 2/20/2024 | Price change | $210,000-12.5% |
Source: IRMLS #202404040 Report a problem | ||
| 2/8/2024 | Listed for sale | $240,000+14.3% |
Source: IRMLS #202404040 Report a problem | ||
| 9/9/2022 | Listing removed | $210,000 |
Source: IRMLS #202228047 Report a problem | ||
| 9/1/2022 | Listed for sale | $210,000 |
Source: IRMLS #202228047 Report a problem | ||
| 7/13/2022 | Listing removed | -- |
Source: IRMLS #202228047 Report a problem | ||
| 7/8/2022 | Listed for sale | $210,000+96.3% |
Source: IRMLS #202228047 Report a problem | ||
| 9/11/2020 | Sold | $107,000-8.5%$52/sqft |
Source: Agent Provided Report a problem | ||
| 7/28/2020 | Listing removed | $625 |
Source: First Choice Housing Report a problem | ||
| 6/26/2020 | Listed for rent | $625+56.3% |
Source: First Choice Housing Report a problem | ||
| 5/24/2020 | Listed for sale | $117,000+631.3%$57/sqft |
Source: First Choice Housing #202018845 Report a problem | ||
| 4/30/2014 | Listing removed | $400 |
Source: First Choice Housing Report a problem | ||
| 4/18/2014 | Listed for rent | $400 |
Source: First Choice Housing Report a problem | ||
| 5/23/2013 | Sold | $16,000-12%$8/sqft |
Source: Public Record Report a problem | ||
| 3/13/2013 | Listed for sale | $18,180-48.1%$9/sqft |
Source: Homepath Report a problem | ||
| 2/18/2013 | Sold | $35,009$17/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,334 +19.4% | $140,300 +37.4% |
| 2024 | $1,955 -27.1% | $102,100 +19.4% |
| 2023 | $2,681 +7% | $85,500 -28.3% |
| 2022 | $2,506 +46.1% | $119,300 +6.6% |
| 2021 | $1,716 +6.8% | $111,900 +42.7% |
| 2020 | $1,607 -48.5% | $78,400 +6.2% |
| 2019 | $3,118 +123% | $73,800 +2.4% |
| 2018 | $1,398 -26.7% | $72,100 +14.1% |
| 2017 | $1,907 +65.3% | $63,200 +5.9% |
| 2016 | $1,154 -6.7% | $59,700 +0.3% |
| 2014 | $1,237 -1.9% | $59,500 -2% |
| 2013 | $1,260 +13.5% | $60,700 +9.4% |
| 2011 | $1,110 | $55,500 |
| 2010 | -- | $55,500 -1.1% |
| 2007 | -- | $56,100 +51.6% |
| 2005 | -- | $37,000 |
| 2004 | -- | $37,000 +128.4% |
| 2001 | -- | $16,200 |
Find assessor info on the county website
Neighborhood: Nebraska
Nearby schools
GreatSchools rating
- 5/10Washington Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 4/10Portage Middle SchoolGrades: 6-8Distance: 1.7 mi
- 3/10Wayne High SchoolGrades: 9-12Distance: 5.7 mi
Schools provided by the listing agent
- Elementary: Washington
- Middle: Portage
- High: Wayne
- District: Fort Wayne Community
Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Indiana
- Allen County
- Fort Wayne
- 46808
- Nebraska
- 616 Mechanic St
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