1011 Lake Avenue, Fort Wayne, IN 46805

Fort Wayne
Local realty services provided by:Better Homes and Gardens Real Estate Connections
1011 Lake Avenue,Fort Wayne, IN 46805
$309,000
  • 4 Beds
  • 4 Baths
  • 2,300 sq. ft.
  • Multi-family
  • Active
Listed by: richard rutledge, richard rutledgeCell: 260-267-8220
Office: trueblood real estate, llc.
MLS#:202617711
Source:Indiana Regional MLS

Price summary

  • Price:$309,000
  • Price per sq. ft.:$90.56

About this home

This fully occupied turnkey 4-Plex is the kind of investment opportunity that rarely hits the market. Generating an impressive $3,937.00 monthly gross income and $33,620.00 NET annual income after all expenses. It it assessed at over $321,400.00. Ideally positioned in the heart of the highly desirable 46805 district, you’re just a short walk from Lakeside Park and only minutes from the energy, dining, and entertainment of downtown Fort Wayne. With a freshly painted exterior in 2024 and all units rehabbed prior to tenant occupancy featuring updated paint, carpet, and appliances as needed, this property offers the perfect blend of charm, stability, and cash flow. Well-maintained, income-producing, and aggressively priced for the value offered, this is a prime opportunity for both seasoned investors and buyers looking to expand their portfolio with confidence. Opportunities like this don’t last long.

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Home facts

  • Year built:1905
  • Listing ID #:202617711
  • Added:1 day(s) ago
  • Updated:May 12, 2026 at 09:45 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:4
  • Full bathrooms:4
  • Flooring:Carpet, Vinyl
  • Basement Description:Full Basement, Unfinished
  • Living area:2,300 sq. ft.

Heating and cooling

  • Cooling:Window
  • Heating:Forced Air, Gas

Structure and exterior

  • Year built:1905
  • Building area:2,300 sq. ft.
  • Lot area:0.15 Acres
  • Lot Features:Level
  • Architectural Style:Two Story
  • Construction Materials:Wood
  • Levels:2 Stories

Schools

  • High school:North Side
  • Middle school:Lakeside
  • Elementary school:Forest Park

Utilities

  • Water:City
  • Sewer:City

Finances and disclosures

  • Price:$309,000
  • Price per sq. ft.:$90.56
  • Tax amount:$1,241

Parking

  • Parking description:Gravel Driveway
  • Garage spaces:1
IRMLS information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IRMLS Data is deemed reliable but is not guaranteed accurate by the MLS. IRMLS information provided by the Indiana Regional MLS. Copyright 2026 Indiana Regional MLS LLC.

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