Listing courtesy of JM Realty Associates, Inc. · Listing agent: Jerry Starks · Cell: 260-479-8161

Virtual tour
ActiveDuplex

462 E Suttenfield Street

$89,900

$53.35 / sq ft

Est. $600/mo

Fort Wayne, IN 46803Purman(s)

Original price $109,000 · Price reduced on July 19, 2026

  • Basement
Bedrooms
4
Bathrooms
2
Living area
1,685 sq ft
Lot
0.05 ac
Year built
1915
Type
Duplex
Listed
May 15, 2026
MLS #
202618627

About this home

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.

Monthly payment estimate

$600/mo

Principal & interest
$492
Property taxes
$82
Homeowners insurance
$26
Your loan

  • Rate: Freddie Mac's 30-year fixed average for the week of October 1, 2026.
  • Taxes: estimated at 1.1% of the price per year — the MLS reports no full tax bill for this home yet.
  • Insurance: estimated at 0.35% of the price per year.
  • An estimate, not a loan offer. Your rate and payment depend on your credit, loan program and down payment.
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Property details

Interior

Levels
Three
Stories
3
Total area
2,375 sq ft
Finished area above grade
1,685 sq ft
Unfinished area below grade
690 sq ft
Below grade total
690 sq ft
Bedrooms above grade
4
Basement
Crawl Space
Flooring
Carpet, Wood, Vinyl
Heating
Natural Gas, Forced Air
Amenities
Basement, Porch Open

Exterior & parking

Construction
Wood Siding
Private pool
No
Other structures
Shed(s)
Outbuilding 1
144 sq ft
New construction
No

Waterfront & lake

Waterfront
No

Lot

Subdivision
Purman(s)
Lot features
Level
Lot size (acres)
0.05 ac
Lot dimensions
30 x 77
County
Allen County
Township
Wayne
Platted
Yes
Planned unit development
No
Directions
GPS Directions are accurate.

Schools

Elementary school
Fairfield
Middle school
Shawnee
High school
South Side
School district
Fort Wayne Community

Taxes & terms

Tax year
2026
Possession
Negotiable
Parcel number
02-12-12-354-009.000-074

Utilities

Water
City
Sewer
Public Sewer

Income & commercial

Units
2
Lease term
Month To Month
Pets allowed
No
Tenant pays
Electricity, Sewer, Trash Collection, Water

Location

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Living in Fort Wayne

Neighborhoods, schools, cost of living and local housing trends — our guide to life in Fort Wayne.

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$89,900

4 beds · 2 baths