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Courtesy of JM Realty Associates, Inc., Jerry Starks, Cell: 260-479-8161
4 Beds
2 Baths
1,685 sqft

$89,900

462 E Suttenfield Street, Fort Wayne IN, 46803

Price per sqft$53.35
Built in1915
Property size1,685 sqft
Property typeMulti-family

Overview

Active

Updated 2 weeks ago

Conveniently located near downtown, this duplex presents an incredible opportunity for investors, flippers, or owner-occupants looking to build equity and customize a property from the ground up. The owner has already taken the property all the way down to the studs, giving you a clean slate to design and finish exactly how you envision. With the major demolition already completed, you can move directly into rebuilding and installing all new electrical, plumbing, HVAC, windows, finishes, and other updates to create a modern income-producing property. Basement walls are solid, and the property offers strong upside potential for the right buyer. Plans and blueprints are available to help guide the design and layout, while still allowing flexibility to customize the duplex to your liking. Estimated rental income after completion is approximately $1,300–$1,500 per side, with an estimated after-repair value around $240,000–$250,000. The owner is a licensed contractor and may be willing to discuss completing the renovation for the buyer. FHA 203(k) financing could be a fantastic option — live in one unit while renting the other to help offset your mortgage payment. The possibilities are endless. Don’t miss this opportunity to create value and build wealth with a duplex in a convenient downtown location.

$598/mo

Est. mortgage payment based on a $89,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
202618627

Interior Features

Bedrooms
4
Bathrooms
2
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.05 Acres
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Listings courtesy of Indiana Regional MLS as distributed by MLS GRID 

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Data last updated 3:43 AM UTC, 9/24/2026

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