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

Area guide
Living in Fort Wayne
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