324 W Butler St

Fort Wayne, IN 46802

$94,900
Price
4
Beds
2,456 Sq. Ft.
$39 / Sq. Ft.
2,456
Sq. Ft.
$39
per Sq. Ft.
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Description

Check out this excellent Investment Opportunity just SE of Electric Works! This property includes 4 units to the home, with one currently rented. Access to the rented unit is through the front, the three other units are accessed in the rear of the home. The property also includes a large (28x24) 2-car Detached Garage. Back on Market on no fault of the seller, due to previous buyer backing out.Check out this excellent Investment Opportunity just SE of Electric Works! This property includes 4 units to the home, with one currently rented. Access to the rented unit is through the front, the three other units are accessed in the rear of the home. The property also includes a large (28x24) 2-car Detached Garage. Back on Market on no fault of the seller, due to previous buyer backing out.
  1. Listed by Joel Griebel • Coldwell Banker Real Estate Gr • Cell: 260-580-7614
  2. Listed by Robert Griebel • Coldwell Banker Real Estate Gr

Property Details for 324 West Butler Street

Style
One and Half Story
Architectural Style
Converted House
Subdivision
Fox(s)
Waterfront
No
Water Features
None
Pet Restrictions
No
LISTING UPDATED: 04/28/2026 12:54 PM

Property Details for 324 West Butler Street

StatusActive
MLS #202604988
Days on Market14
Taxes$3,065 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family / Fourplex
Year Built1925
Lot Size0.12 AC / 5,250 SF
CountyAllen County
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Location

Listing Courtesy of Coldwell Banker Real Estate Gr
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Building Information for 324 West Butler Street

Stories2Residences4Year Built1925Building Size-Lot Size0.12 AC / 5,250 SF

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$733 per month

30 year fixed, 6.46% Interest

Principal and Interest

$478

Property Taxes

$255

HOA Dues

$0

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Property Information for 324 West Butler Street

Summary
Location and General Information
  • Area: Allen County
  • City: Fort Wayne
  • Zip + 4: 6475
  • Zip Code: 46802
  • State: IN
  • Township: Wayne
  • Geo Latitude: 41
  • Geo Longitude: -85
  • Fips Code: 18003
  • Directions To Property: From S Calhoun, to W Butler st. Subject on right
  • Sea Wall Type: None
  • Location: City/Town/Suburb
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2025
  • Parcel Number Id: 02-12-11-404-026.000-074
School Information
  • School District: Fort Wayne Community
  • Elementary: Fairfield
  • Middle School: Kekionga
  • High School: Wayne
Parking
  • Number Of Parking Spaces: 3
  • Parking: Off Street, Private
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Fourplex
  • Approx Lot Size Acres: 0.12
  • Lot Dimensions: 35X150
  • Lot Number: 62
  • Below Grade Unfin Sqft: 1234.0
  • Total Square Feet: 3690.0
  • Upper Level Sqft: 1222.0
  • Approx Lot Size Sqft: 5250.0
  • Above Grade Finished Sqft: 2456.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 1234.0
  • Total Finished Sqft: 2456.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Level
  • Main Level Sqft: 1234.0
Property and Assessments
  • New Construction: No
  • Year Built: 1925
  • Age: 101
  • Documents Available: LBP Form, Sellers Disclosure
  • Planned Unit Development: No
Utilities
  • Electric Company: AEP/I&M
  • Gas Company: NIPSCO
  • Sewer: City
  • Water Company: Fort Wayne City Utilities
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Amenities: Basement, Off Street Parking, Ceiling-9+, Washer Hook-Up
  • Common Amenities: Sidewalks
  • Driveway: Gravel
  • Exterior: Stucco
  • Fence: None
  • Outbuilding: None
  • Platted: Yes
  • Pool: No
  • Roof Material: Asphalt, Shingle
Interior Features
  • Number of Electric Meters: 4
  • Number of Gas Meters: 1
  • Number of Dishwashers: 0
  • Number of Disposals: 0
  • Number of Dryers: 0
  • Number of Microwaves: 0
  • Number of Ranges/Ovens: 2
  • Number of Refrigerators: 3
  • Number of W/D Hookups: 0
  • Number of Washers: 0
  • Number Water Meters: 1
  • Basement Material: Block, Poured Concrete
  • Basement: Yes
  • Basement/Foundation: Full Basement, Unfinished
  • Cooling: None
  • Flooring: Carpet, Vinyl Tile
  • Heating/Fuel: Gas, Forced Air
  • Stories: 2
  • Number of Above Grade Bedrooms: 4
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 4
  • Total Number of Full Baths: 4
  • Total Number of Half Baths: 0
  • Total Baths: 4
  • Number Total Rooms Below Grade: 0
  • Num Of 1 Bedrooms: 2
  • Num Of 2 Bedrooms: 0
  • Num Of 3 Bedrooms: 0
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 2
  • Num of Units Rented: 1
  • Number of Buildings: 2
  • Number of Units: 4
Income & Expenses Information
  • Annual Electric Expense: $.00
  • Annual Fuel Expense: $1,800.00
  • Annual Gross Rent $: $4,620
  • Annual Insurance Expense: $1,000
  • Annual Maint. Expense: $0
  • Annual Misc: $0
  • Annual Net Income: $-2,205
  • Annual Property Tax: $3,065
  • Annual Trash Expense: $0
  • Annual Water/Sewer Exp: $960
  • Gross Monthly Income: $385
  • Gross Monthly Rent: $385
Unit Information
Unit 1
  • Unit 1-Num of Bathrooms: 1
  • Unit 1-Num of Bedrooms: 1
  • Unit 1-Num of Rooms: 3
  • Unit 1-Currently Rented: Yes
  • Unit 1-Deposit Amount: $300.00
  • Unit 1-Electric: Tenant
  • Unit 1-Gas: Owner
  • Unit 1-Level: Main
  • Unit 1-Rent Frequency: Monthly
  • Unit 1-Unit Number: A
  • Unit 1-Unit Rent $: $385
Unit 2
  • Unit 2-Num of Bathrooms: 1
  • Unit 2-Num of Bedrooms: 1
  • Unit 2-Num of Rooms: 3
  • Unit 2-Currently Rented: No
  • Unit 2-Electric: Tenant
  • Unit 2-Gas: Owner
  • Unit 2-Level: Main
  • Unit 2-Unit Number: B
Unit 3
  • Unit 3-Num of Bathrooms: 1
  • Unit 3-Num of Bedrooms: 1
  • Unit 3-Num of Rooms: 3
  • Unit 3-Currently Rented: No
  • Unit 3-Electric: Tenant
  • Unit 3-Gas: Owner
  • Unit 3-Level: Upper
  • Unit 3-Unit Number: C
Unit 4
  • Unit 4-Num of Bedrooms: 1
  • Unit 4-Num of Rooms: 3
  • Unit 4-Currently Rented: No
  • Unit 4-Electric: Tenant
  • Unit 4-Gas: Owner
  • Unit 4-Level: Main
  • Unit 4-Unit Number: D
Rental
Rental Information
  • Lease Term: Month to Month
  • Owner Pays: Building Insurance, Heating, Lawn Maintenance, Maintenance, Sewer, Water
  • Tenant Pays: Cable, Cooling, Electric

Property History for 324 West Butler Street

DateEvent & SourcePriceAppreciation
Feb 17, 2026

Listed (Active)

Indiana Regional MLS #202604988

$94,900—
DateEvent & SourcePrice
02/17/2026

Listed (Active)

Indiana Regional MLS #202604988

$94,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 324 West Butler Street

Taxable ValueLand$14,700Additions$131,400Total$146,100
Tax Record2025$3,288 ($274 / month)
Home Facts
Baths4Total Finished SqFt2,456 SqFtAbove Grade Finished SqFt2,456 SqFtStories2Lot Size5,250 SqFtStyleMulti-Family Dwelling (2-4)Year Built1925CountyALLENAPN02-12-11-404-026.000-074

Schools near 324 West Butler Street

This home is within Fort Wayne Community Schools.
Rating
School
Type
Grades
Distance
Fairfield Elementary School
Public - PK to 5
Kekionga Middle School
Public - 6 to 8
South Side High School
Public - 9 to 12
Fort Wayne Virtual Academy
Public - K to 12
Rating
School
Distance
Fairfield Elementary School
PublicPK to 5

Kekionga Middle School
Public6 to 8

South Side High School
Public9 to 12

Fort Wayne Virtual Academy
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 324 West Butler Street, Fort Wayne, IN 46802

324 West Butler Street is a multi-family home for sale in Fort Wayne, IN 46802. This property was listed for sale on February 17, 2026 by Coldwell Banker Real Estate Gr, it's currently listed at $94,900. This listing's school district is Fort Wayne Community Schools. Nearby schools include Fairfield Elementary School, Kekionga Middle School and South Side High School. 324 West Butler Street is a 4-bed, 4-bath, 2,456 sqft multi-family home built in 1925.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Real Estate Gr

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.