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423 W Masterson Avenue, Fort Wayne, IN 46802

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For Sale

$126,900

4 beds • 2 baths • 2 half baths • 1,792 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • $70.81
    Price per square foot

  • Basement
    Rooms

Explore this Property

Turnkey duplex in the Hoagland Masterson neighborhood of Fort Wayne, fully tenant-occupied and producing consistent rental income. Each unit features 2 bedrooms and 1.5 baths with a combined finished area of approximately 1,800 square feet. Recent improvements include fresh interior paint, updated cabinetry, new furnaces and water heaters, upgraded plumbing and heating, and replacement of all windows and doors. The roof was replaced approximately seven years ago.Both units are leased through December 2025, providing immediate stability and reliable cash flow. The interiors reflect ongoing care and upgrades, while the exterior offers potential for additional value through enhancements such as updated siding, refreshed landscaping, and modernized fixtures.This property benefits from a central location near downtown Fort Wayne, with convenient access to Parkview Field, the Electric Works development, Rivergreenway trails, and local amenities. The surrounding neighborhood is experiencing revitalization and strong rental demand, making it well positioned for continued long-term growth.Property Features: Duplex built in 1920 4 total bedrooms / 3 bathrooms (2 bedrooms, 1.5 baths per unit) Approximately 1,800 sq ft finished area Tenant-occupied, leases in place through November 2025 Recent updates to interiors, mechanical systems, windows, and doors Roof replaced approximately seven years ago Opportunity for additional value with exterior and cosmetic improvementsThis duplex combines immediate rental income with future potential in a desirable part of Fort Wayne.
MLS# 202538129

Courtesy Of Beycome Brokerage Realty

(804) 656-5007

Open Houses

September

21

Sunday

In Person

Sunday, September 21, 2025

11:00AM - 3:00PM

Property Features

  • Architecture Style
    Other
  • Floor Covering
    Carpet
  • Heating System
    Forced Air
  • Lot Size
    0.08 Acres
  • Rooms
    Basement

Map and Directions

Directions to 423 W Masterson Avenue, Fort Wayne, IN 46802

Home seller CENTURY 21 Bradley Realty, Inc.

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Bradley Realty, Inc.

(260) 399-1177
Learn More About Us

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.