ATTENTION INVESTORS! Here's an opportunity to build just what you want. Whether you are just starting out or want to add to your portfolio; we have a plan for you. The owner of the property specializes in Multi-family construction. They just completed a similar project and are ready to start this complex for you. This site consist of 1.92 acres and has an existing detention pond. In our opinion the best use for the site would be a 14 unit residential rental complex consisting of fourteen 1448 square foot 3 bedroom 2.5 bath townhouses. All units will have a 288 square foot one car attached garage. All units will also have electric heat and central air. The price stated is turnkey today but subject to change with the ever changing commodity prices. We anticipate about 6 months construction time after approvals and permits. We also anticipate gross monthly rents to be $28,000 per month once fully occupied. The owner is the exclusive builder. They are flexible and open to your ideas. This development is subject to obtaining necessary government approvals. Pictures are for reference only.
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
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Baths
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Stories
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Lot width
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Lot depth
—
Lot size
1.24 Acres
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Multi-Family (5+ Unit)
County
Allen County
APN
021127351003000075
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Jul 13, 2026.
R3
AOD
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.
Zone overlays
Airport Overlay District
Permitted uses
Include but are not limited to:
Assembly/ meeting place
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Recreation
Oct 18, 2024 • Final
Building - residential
Construct a new townhome with an attached garage on a slab foundation. Install an electrical panel in the living room and a ground rod below the panel location.
New construction
Sep 16, 2024 • Final
Electrical - residential
Install a new electrical service and wiring for a new townhome with an attached garage on a slab foundation. The work includes a new electrical panel and ground rod.
Electrical
New construction
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.
Property details
Parking
Parking/Garage Information
# of Open Parking Spaces: 14
Parking Features: Asphalt, Paved
Interior
Virtual Tour
Bathroom Information
# of Full Bathrooms: 28
# of Half Bathrooms: 14
# of Main Level Bathrooms: 42
Heating & Cooling
Has Cooling
Cooling: Central Air
Has Heating
Heating: Electric
Room Information
Laundry Features: Washer Hookup
Exterior
Exterior Features
Patio And Porch Features: Patio
Roof: Asphalt, Shingle
Building Information
Above Grade Finished Area: 27,600
Construction Materials: Brick, Vinyl Siding
Foundation Details: Slab
Property Features
Pets Allowed: Yes
Property Information
Property Type: Residential Income
Property Sub Type: Multi Family
Raw Mls Property Sub Type: Apartment Complex
Lot Information
Lot Features: Level
Lot Size Dimensions: 147 x 351
Lot Size Acres: 1.18
Financial
Tax Information
Tax Annual Amount: $30,000
Utilities
Utility Information
Water Source: Public
Sewer: Public Sewer
Location
Schools Information
School District: MSD of Southwest Allen Cnty
Elementary School: Aboite
Middle Or Junior School: Summit
High School: Homestead
Location Information
Directions: Just north of the intersection of Homestead Road and US 24. On the east side of the road.
Subdivision Name: None
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 1.24 acres
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Allen County
APN: 021127351003000075
Home facts updated by county records on Jul 13, 2026
Other
Listing Information
List AOR: Upstate Alliance of REALTORS
Around this home
Schools
Lafayette Meadow School
Public K-5 • Assigned • 1.7mi
7/10
Summit Middle School
Public 6-8 • Assigned • 1.7mi
9/10
Homestead Senior High School
Public 9-12 • Assigned • 1.7mi
9/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 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
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Fort Wayne, IN • 46814
Average low and high temperatures (°F)
29
15
37
21
57
34
64
44
69
50
81
62
86
67
82
61
80
55
69
44
51
35
38
23
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 11 hours in
June and 3.3 hours in December, which is comparable to the
U.S. average for solar exposure.