Listing courtesy of eXp Realty, LLC · Listing agent: Jordan Wildman · Home: 260-498-0384

Virtual tour
ActiveTriplex

7321 Ideal Avenue

$259,900

$107.75 / sq ft

Est. $1,827/mo

Fort Wayne, IN 46809-2571Waynedale

Original price $269,900 · Price reduced on October 6, 2026

  • Basement
Bedrooms
5
Bathrooms
3.5
Living area
2,412 sq ft
Lot
0.64 ac
Year built
1925
Type
Triplex
Listed
September 17, 2026
MLS #
202638584

About this home

Rare Triplex Investment Opportunity | Outstanding Cash-Flow Potential OR The perfect House Hack! This Triplex can also be combined with a total of 12 Units in a package deal of Turnkey Property with Potential Seller Financing! There is also a 2.75% Assumable Mortgage on this specific Triplex! Welcome to a high-yield, turn-key investment property designed for maximum flexibility and immediate returns! This versatile multi-family triplex features three distinct rental units, strong rental history, and a central layout that maximizes privacy for all tenants. Whether you are looking to add a reliable cash-flowing asset to your portfolio or live in one unit while leasing out the others, this property is a rare find in today's market. Unit Breakdown & Layout Unit A (Main & Upper Level - Front of House): (Owners Unit) Layout: 3 Bedrooms | 1.5 Bathrooms Features: Spans two stories at the front of the home. Includes direct access to the basement, access to the attached house garage, and direct entry to the shared common laundry room. Heating & Cooling: Gas Forced Air | Wall A/C unit (recently updated, under 2 years old). Unit B (Ground Level - Left Side): Layout: Studio Apartment | 1 Full Bathroom Features: Convenient side-entry studio layout partially built on a slab. Low-maintenance footprint with cozy single-level living. (Would make a wonderful Airbnb) Heating & Cooling: Electric Baseboard | Window A/C. Unit C (Ground Level - Right Rear): Layout: 1 Bedroom | 1 Full Bathroom Features: Situated at the right rear of the structure, positioned above the attached garage space. Quick access to the adjacent shared laundry area. Heating & Cooling: Gas Forced Air | Window A/C. ? Property Upgrades, Mechanicals & Utilities Utilities & Billing: Units feature separate electric metering. Seperate Gas, and water/trash are metered and billed via a Ratio Utility Billing System (RUBS), allowing for simple and fair expense pass-throughs. Mechanical Systems: Gas forced-air furnaces (approx. 15 years old) and electric water heaters (estimated 5–10 years old). Exterior & Grounds: Low-maintenance aluminum siding, a lalmost 3/4 Acre Lot, and a large yard area featuring a shared swing set. Parking & Storage: Unit A includes 1 attached garage space. Additional off-street parking options for Units B & C. Property features a 2nd detached 1.5 garage that could be rented out or potentially turned into an additional unit!

Monthly payment estimate

$1,827/mo

Principal & interest
$1,423
Property taxes
$328
Homeowners insurance
$76
Your loan

  • Rate: Freddie Mac's 30-year fixed average for the week of October 1, 2026.
  • Taxes: the seller's 2026 bill as reported to the MLS. Yours may differ once your own deductions apply.
  • 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
One and One Half
Stories
2
Total area
3,092 sq ft
Finished area above grade
2,412 sq ft
Unfinished area below grade
680 sq ft
Below grade total
680 sq ft
Bedrooms above grade
5
Basement
Slab, Full, Unfinished
Flooring
Carpet, Vinyl
Heating
Electric, Natural Gas
Cooling
Wall Unit(s), Window Unit(s)
Amenities
Basement, Ceiling Fan, Countertops-Laminate, Detector-Smoke, Eat-In Kitchen, Garage Door Opener, Landscaped, Patio Open, Water Heater Electric, Washer Hook-Up

Exterior & parking

Construction
Aluminum Siding
Roof
Flat
Foundation
Block
Parking
Gravel, Garage
Private pool
No
Fencing
Wood
Other structures
Detached Garage
Outbuilding 1
576 sq ft
New construction
No

Waterfront & lake

Waterfront
No

Lot

Subdivision
Waynedale
Lot features
Level
Lot size (acres)
0.64 ac
Lot dimensions
125X224
Location type
City/Town/Suburb
County
Allen County
Township
Wayne
Road frontage
City Street
Road surface
Asphalt
Lots
6
Platted
Yes
Planned unit development
No
Directions
Enter into GPS.

Schools

Elementary school
Waynedale
Middle school
Portage
High school
Wayne
School district
Fort Wayne Community

HOA & community

Community amenities
Swing Set

Taxes & terms

Annual taxes
$3,940
Tax year
2026
Listing terms
Cash, Conventional, FHA, VA
Possession
Closing
Parcel number
02-12-33-130-010.000-074

Included in the sale

Included in sale
Building,Land,Lease

Utilities

Water
City
Sewer
Public Sewer
Electric provider
AEP/I&M
Gas provider
NIPSCO
Water provider
Fort Wayne City Utilities

Income & commercial

Units
3
Annual gross rent
$31,680
Net operating income
$25,972
Lease term
12 Months
Parking spaces
8
Pets allowed
No
Tenant pays
Electricity, Heat, Sewer, Trash Collection, Water
Electric meters
3
Gas meters
2
Water meters
1
Insurance (annual)
$768
Maintenance (annual)
$1,000

Units

UnitCountBedsBathsRentGarage
——31$1,1951
——01$650—
——11$795—

Location

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$259,900

5 beds · 3.5 baths