Investment opportunity just moments from downtown Fort Wayne. This fully occupied duplex features two separate 2-bedroom, 1-bath units, both currently rented with established long-term tenants, offering immediate rental income from day one. The property also includes convenient off-street parking. The first-floor unit features furnace heat and window air conditioning, while the second-floor unit offers baseboard heat and window air conditioning. Located near downtown amenities and an area seeing continued investment and expansion around the Rivergreenway, this property offers convenient access to recreation, employment, shopping, dining, and entertainment. With rental numbers that well exceed the 1% rule, this duplex presents an attractive opportunity for investors looking to add a solid cash-flowing property to their portfolio.
Active
$160,000
721 Putnam St, Fort Wayne, IN 46808
4beds
1,812sqft
Duplex
Built in 1900
-- sqft lot
$154,400 Zestimate®
$--/sqft
$-- HOA
What's special
Baseboard heatConvenient off-street parkingFurnace heatWindow air conditioning
- 11 days |
- 503 |
- 38 |
Zillow last checked:
Listing updated:
Listed by:
Tyler Dohner Cell:260-246-1298,
CENTURY 21 Bradley Realty, Inc
Source: IRMLS,MLS#: 202632650
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Electric, Natural Gas
Cooling
- Window Unit(s)
Features
- Flooring: Carpet, Laminate
- Basement: Crawl Space,Full,Unfinished
- Attic: Storage
Interior area
- Total structure area: 2,888
- Total interior livable area: 1,812 sqft
- Finished area above ground: 1,812
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 4
- Parking features: Off Street Parking
Features
- Levels: Two
- Stories: 2
Lot
- Size: 6,969 Square Feet
- Dimensions: 46 X 185
- Features: Level
Details
- Additional structures: Shed(s)
- Parcel number: 020735356004.000074
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Wood Siding
- Foundation: Basement
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: City
- Water: City
Community & HOA
Community
- Subdivision: None
Location
- Region: Fort Wayne
Financial & listing details
- Tax assessed value: $120,700
- Annual tax amount: $2,716
- Date on market: 8/11/2026
- Listing terms: Cash,Conventional
- Inclusions: Building, Land, Lease
- Lease term: 12 Months
- Total actual rent: 3600
- Tenant pays: Electricity, Heating
Estimated market value
$154,400
$147,000 - $162,000
$1,384/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/11/2026 | Listed for sale | $160,000 |
Source:  IRMLS #202632650 Report a problem | ||
| 9/12/2024 | Listing removed | $1,000$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/4/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 2/18/2024 | Listed for rent | $1,000$1/sqft |
Source: Zillow Rentals Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,881 +42.5% | $120,700 -4.2% |
| 2024 | $2,021 +14.7% | $126,000 +42.5% |
| 2023 | $1,762 +19.4% | $88,400 +12.8% |
| 2022 | $1,476 -18.5% | $78,400 +19% |
| 2021 | $1,812 +2.7% | $65,900 -20.4% |
| 2020 | $1,764 +46.8% | $82,800 +2.2% |
| 2019 | $1,201 +13.1% | $81,000 +47.8% |
| 2018 | $1,062 +21.8% | $54,800 +14.2% |
| 2017 | $872 +2.8% | $48,000 +20% |
| 2016 | $848 +26.3% | $40,000 +23.8% |
| 2014 | $671 -23% | $32,300 -23.1% |
| 2013 | $872 +26.4% | $42,000 +21.7% |
| 2011 | $690 | $34,500 -17.3% |
| 2010 | -- | $41,700 -19.7% |
| 2007 | -- | $51,900 -4.6% |
| 2005 | -- | $54,400 |
| 2004 | -- | $54,400 +101.5% |
| 2001 | -- | $27,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Bloomingdale
Nearby schools
GreatSchools rating
- 4/10Bloomingdale Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 3/10Lakeside Middle SchoolGrades: 6-8Distance: 2.1 mi
- 3/10North Side High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- Elementary: Bloomingdale
- Middle: Lakeside
- High: North Side
- 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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A local agent can set up tours, give advice and negotiate with sellers.
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