629 5th Street, Fort Wayne, IN 46808
- $157,900
- 4
- BD
- 2
- BA
- 2,672
- SqFt
- List Price
- $157,900
- Status
- ACTIVE
- MLS#
- 202615797
- Days on Market
- 90
- Price Change
- ▼ $2,000 1782854054
- Style
- Two Story
- Year Built
- 1935
- Days On Market
- 90
- Bedrooms
- 4
- Bathrooms
- 2
- Living Area
- 2,672
- Above grade
- 1622
- Township
- Wayne
- Subdivision
- Klaehns
Property Description
This well-maintained duplex offers two spacious 2-bedroom, 1-bathroom units in a convenient location. Whether you're looking for an income-producing investment or a home with built-in rental income to offset your mortgage, this property delivers solid value and easy management. Unit Layout & Features: - **Downstairs Unit (2BD/1BA):** Bright and functional living space with two bedrooms, a full bathroom, kitchen, and living area. Ready for immediate occupancy or your personal use. Washer/Dryer setup for this unit in unit - **Upstairs Unit (2BD/1BA):**. Currently rented with tenant paying $965 per month + electric**. Key Property Highlights: - **Separate Electric Meters** for each unit – tenants responsible for their own electricity. - **Shared Water & Gas** on one meter (owner-paid, easily factored into rents). - **2-Car Detached Garage** – great for additional storage, parking, or workshop space or could be rented back to tenants for additional income. - Ample off-street parking and a manageable yard for low-maintenance living. This duplex is an excellent turnkey investment with immediate cash flow from the upstairs unit. The downstairs unit can be rented at market rate($965) for even stronger returns or lived in by the new owner. Ideal for investors or anyone looking to offset their monthly mortgage payments with a tenant already placed. Schedule a showing today to see the potential for yourself!
Additional Information
- Acres
- 0.09
- Taxes
- $2,522
- Lot Description
- Level
- Garage Description
- Detached
- Heating
- Conventional
- Cooling
- Window
- School District
- Fort Wayne Community
- Elementary School
- Bloomingdale
- Middle School
- Lakeside
- High School
- North Side
- Agent Name
- Adam Gerig
Listing courtesy of Adam Gerig from AG Rentals & Management LLC. 260-206-6948
IDX information is provided by the Indiana Regional MLS and is exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
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