- For Sale $1,700,000
- Property Type Multi-Family
- Property Size 10,668 SF
- Units 20
- Lot Size 1.03 Acre
- Cap Rate % 6.74
- Year Built 1965
- Date Updated Oct 14, 2026
Description
Dependable cash flow with the potential for future revenue growth through allowable rent adjustments
Eight wood-frame residential buildings totaling approximately 10,668 square feet
Rent roll includes Section 8 tenants, providing stable, government-backed rental income
Adjacent from recently completed Neighborhood Health – Oxford
Overview
Sturges Property Group is pleased to present the opportunity to acquire a 20-unit multifamily investment property located at 3500 Warsaw Street in Fort Wayne, Indiana. The offering consists of eight buildings with twenty one-bedroom units and is currently 100% occupied. Rent roll includes Section 8 tenants, providing stable, government-backed rental income.
The property offers dependable cash flow with the potential for future revenue growth through allowable rent adjustments. With full occupancy, a uniform unit mix, and straightforward operations, this asset represents an attractive investment opportunity for buyers seeking stable multifamily performance and long-term income potential.
Broker's note: Do not visit the site or disturb tenants without prior approval. Contact Sturges Property Group for detailed financials.
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Contacts
Sturges Property Group
Sturges Property Group
Sturges Property Group