Crossroads New Haven

📍 New Haven, Indiana

$1,000,000

Purchase Price

$9,460

Rental Income

7.1%

Cap Rate

$1,489

Cash Flow / mo

Bedrooms

Bathrooms

6,024

Square Feet

2026

Year Built

B+

Neighborhood

28%

Est. Expenses

Pricing and availability verified September 22, 2026 · figures are subject to builder change — confirm before relying on them.

IN-930 East | Fort Wayne, IN 46803

The property is positioned along IN-930 (State Road 930 East) — a primary east-west corridor connecting central Fort Wayne to New Haven and the greater northeastern Indiana region. This arterial roadway provides strong regional connectivity and direct access to major transportation routes including I-469 and U.S. 30.

Investment Opportunity | Near Fort Wayne, Indiana

Located in the growing New Haven submarket just outside Fort Wayne, Crossroads New Haven offers newly constructed duplex, triplex, and fourplex investment opportunities in one of the Midwest’s most stable and under-the-radar growth markets.

Indiana is known as the “Crossroads of America,” driven by a strong manufacturing and logistics base. The Fort Wayne region, in particular, has experienced sustained employment demand — and a meaningful shortage of new, quality housing supply.

Local leadership has openly acknowledged the housing gap, with employers noting that many workers must choose between outdated housing or commuting from neighboring states. This creates a clear demand driver for well-designed, modern rental housing in the area.

Why It Rents Well

3 bedrooms and 2.5 bathrooms in every unit — a layout that suits families, roommates and renters who need a dedicated office
2-car garage with a full driveway on each unit — uncommon in workforce rentals and a clear differentiator against apartments
New construction (2026) — modern layouts and lower expected near-term maintenance
Duplex, triplex and fourplex configurations — several rent cheques under one roof, so a single vacancy does not stop the income
Workforce-driven renter pool — the manufacturing and logistics base around Fort Wayne supports steady demand

Location Advantages

High-visibility corridor with consistent traffic flow
Direct commuter access to employment hubs
Proximity to industrial and manufacturing employers
Easy connectivity to retail and daily services

The 46803 submarket sits in an affordable, workforce-oriented segment of Fort Wayne. Housing in this area typically serves renters employed in manufacturing, logistics, healthcare, and local service industries — sectors that form the backbone of the regional economy.

Why This Market

Strong and diverse manufacturing employment base
Tertiary market with less institutional competition
Limited new housing supply relative to demand
Stable, workforce-driven renter pool

Unlike primary metros that attract heavy institutional capital, markets like Fort Wayne offer opportunities for “Main Street” investors to compete on more favorable terms.

Tax Advantage

The City of New Haven has granted the project a five-year tiered property tax abatement, currently two years in:

Year 1: 0% property tax
Year 2: 20% assessed value
Gradual increases through Year 5
Fully assessed in Year 6

This structure enhances early-year cash flow and improves long-term performance metrics.

Investment Context

Fort Wayne is the second-largest city in Indiana and serves as the economic center of northeastern Indiana. The area benefits from:

A diversified employment base
Strong manufacturing and distribution presence
Stable population trends
Relative affordability compared to national averages

Because this corridor primarily serves workforce housing demand, it tends to offer:

Consistent renter demand
Price points aligned with median incomes
Less institutional investor competition than primary markets

For investors, the location represents exposure to a stable Midwestern employment base with connectivity, infrastructure access, and housing affordability that supports long-term rental demand.

Community Amenities

Crossroads New Haven will feature:

Landscaped green space
Dedicated dog park
Adjacent access to the New Haven Community Center

The nearby New Haven Community Center includes:

Indoor gym
Indoor & outdoor pickleball courts
Tennis courts
Playground
Splash pad

Investment Summary

Crossroads New Haven is new-construction multi-family in New Haven, Indiana, just outside Fort Wayne, in a B+ rated area. The fourplex is priced at $1,000,000 against estimated gross rent of $9,460 per month across 6,024 square feet.

At 28% estimated operating expenses that works out to a projected 7.1% cap rate and roughly $1,489 per month in projected cash flow — the highest projected cap rate in the current IPS inventory, helped by the city’s five-year tiered property tax abatement, which is currently two years in.