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About this home
Located just steps from Lakeside Park, this FULLY RENTED QUADPLEX offers a strong investment opportunity in a highly desirable area of Fort Wayne's historical district. The property consists of four units, including three one-bedroom, one-bathroom apartments and one efficiency unit, providing a diverse rental mix and steady income stream. Tenants pay for electricity individually, with separate electric meters for each unit, helping streamline expenses. Ideally situated within walking and biking distance of downtown attractions, local shops, restaurants, and community events, this property offers a highly desirable location for tenants. A solid addition to any investment portfolio! Professional property management is already in place, making this an excellent opportunity for both experienced and first-time investors seeking a turnkey multifamily asset in a strong rental market.
Multi-familyProperty Type
1890Year Built
6,750 sq ftLot Size
$94Price/Sq.Ft.
4 spacesParking
Listed by Kathy Hutchins• CENTURY 21 Bradley Realty, Inc
Lakeside Park, located between Lake Avenue and Spy Run Avenue, is a historic and park-centric Fort Wayne neighborhood with a signature lagoon and mature tree canopy. The neighborhood’s character concentrates along the Lakeside Park & Rose Garden paths near the pavilion, where walkers, picnickers, and seasonal events set the tempo. Early-20th-century homes line calm streets, with porches and brick details that match the park’s old-school civic feel. The Lakeside Park Rose Garden reads like an outdoor gallery in bloom. Nearby, the Fort Wayne Children’s Zoo and Science Central add a cultural, weekend-ready rhythm. Trails along the St. Joseph River tie the scenery to downtown.
Here's a spacious Fourplex that was recently recognized by the City of Fort Wayne as a Local Historic District. This Property Features 4 total units making it a great investment opportunity for short term rentals, Air BnB or "house hacking". In addition this fourplex is walking distance or short bike ride to down town areas. Not only are you buying the property but also the location. Schedule your showing today!
Year
Property tax
Land + Additions
Assessment*
2024
$4,840 (+20.6%)
$26,900 + $184,800
$211,700
2023
$4,012 (+36.2%)
$19,000 + $156,500
$175,500
2022
$2,946 (+1.8%)
$16,400 + $114,700
$131,100
2021
$2,894 (+45.6%)
$6,500 + $122,700
$129,200
2020
$1,987 (+69.9%)
$5,000 + $85,800
$90,800
2019
$1,169 (−0.7%)
$9,900 + $43,800
$53,700
2018
$1,177 (−0.9%)
$9,900 + $43,800
$53,700
2017
$1,188 (+1.5%)
$9,900 + $43,800
$53,700
2016
$1,170 (+4.1%)
$9,900 + $43,800
$53,700
2015
$1,124 (−51.4%)
$5,700 + $52,800
$58,500
2013
$2,315
$9,000 + $57,500
$66,500
Public record
Public record
Zoning
Permits
Beds
4
Baths
4
Stories
2
Lot width
45 ft.
Lot depth
150 ft.
Lot size
6,752 Sq. Ft.
Year renovated
1890
Finished Sq. Ft.
2,810
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,810
Year built
1890
Style
Other
County
Allen County
APN
021201157004000074
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jun 5, 2026.
R3
Multiple Family Residential District
The Multiple Family Residential district is intended to create areas for high density multiple family residential uses, as well as single and two family dwelling units and other compatible nonresidential uses where adequate public facilities are available.
Permitted uses
Include but are not limited to:
Assembly/ meeting place
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Recreation
Apr 25, 2011 • Active
Heating - commercial
Repair a gas line for a first floor apartment.
Gas
Apr 22, 2011 • Final
Heating - residential
Repair leaking gas lines.
Gas
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
3/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 100° expected this year, 17 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Fort Wayne, IN • 46805
Average low and high temperatures (°F)
30
16
37
22
57
35
65
45
70
50
84
65
86
67
83
64
80
58
69
46
51
37
38
25
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 708 Columbia Ave
$242,321
$7,679 under list price of $250K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $200K to $508K.