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423 W Masterson Avenue Fort Wayne, IN 46802

4 Beds

4 Baths

1,792 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,792 sqft

Subdivision Chute & Prince

MLS Listing ID 202538129

Style Attached

Bedrooms 4

Full Baths 2

Half Baths 2

Abv Grd Liv Area 1,792

Total Fin. Sqft 1792

Year Built 1920

Tax Year 2024

Lot Size 3,484 Sqft

Property Sub-Type Duplex

Property Description

Turnkey duplex in the Hoagland Masterson neighborhood of Fort Wayne, fully tenant-occupied and producing consistent rental income. Each unit features 2 bedrooms and 1.5 baths with a combined finished area of approximately 1,800 square feet. Recent improvements include fresh interior paint, updated cabinetry, new furnaces and water heaters, upgraded plumbing and heating, and replacement of all windows and doors. The roof was replaced approximately seven years ago.Both units are leased through December 2025, providing immediate stability and reliable cash flow. The interiors reflect ongoing care and upgrades, while the exterior offers potential for additional value through enhancements such as updated siding, refreshed landscaping, and modernized fixtures.This property benefits from a central location near downtown Fort Wayne, with convenient access to Parkview Field, the Electric Works development, Rivergreenway trails, and local amenities. The surrounding neighborhood is experiencing revitalization and strong rental demand, making it well positioned for continued long-term growth.Property Features: • Duplex built in 1920 • 4 total bedrooms / 3 bathrooms (2 bedrooms, 1.5 baths per unit) • Approximately 1,800 sq ft finished area • Tenant-occupied, leases in place through November 2025• Recent updates to interiors, mechanical systems, windows, and doors • Roof replaced approximately seven years ago • Opportunity for additional value with exterior and cosmetic improvementsThis duplex combines immediate rental income with future potential in a desirable part of Fort Wayne.

Location

State IN

County Allen County

Area Allen County

Direction Drive south on Clinton St/US 27. Right to Murray St. Left to South Calhoun St. Right to West Masterson Ave. Left to Prince St. Property is on the left.

Rooms

Family Room 900

Dining Room 0 x 900

Interior

Flooring Carpet

Appliance Other

Laundry , 0

Exterior

Garage Spaces 1.5

Amenities Available Other-See Remarks

Building

Lot Description Level

Story 2

Structure Type Wood

New Construction No

Schools

Elementary Schools Fairfield

Middle Schools Kekionga

High Schools South Side

School District Fort Wayne Community

Others

Financing Cash,Conventional,FHA,VA,Other

Virtual Tour https://www.propertypanorama.com/instaview/irmls/202538129

IDX information provided by the Indiana Regional MLS

Listed by Steve Koleno • Beycome Brokerage Realty

Trueblood Real Estate

Brokerage | RB14046098

+1(317) 513-1395

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Trueblood Real Estate

423 W Masterson Avenue Fort Wayne, IN 46802

Key Details

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423 W Masterson Avenue

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