1027 Lake Avenue, Fort Wayne, IN 46805

Fort Wayne
Local realty services provided by:Better Homes and Gardens Real Estate Connections
1027 Lake Avenue,Fort Wayne, IN 46805
$289,000
Virtual Tour
  • 4 Beds
  • 4 Baths
  • 2,448 sq. ft.
  • Multi-family
  • Pending
Listed by: richard rutledge, richard rutledgeCell: 260-267-8220
Office: trueblood real estate, llc.
MLS#:202617710
Source:Indiana Regional MLS

Price summary

  • Price:$289,000
  • Price per sq. ft.:$80.86

About this home

Turnkey 4-Plex in the heart of the desirable 46805 district, fully occupied and generating $3,719/month in gross income with a NET annual income of $28,025. Ideally located within walking distance of Lakeside Park, this well-priced downtown investment opportunity features a freshly painted exterior (2024) and rehabbed units with updated paint, carpet, and appliances as needed prior to tenant move-in. A well-maintained, income-producing property offering immediate cash flow and long-term potential.

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Home facts

  • Year built:1900
  • Subdivision & Development:Lakeside Park
  • Listing ID #:202617710
  • Added:94 day(s) ago
  • Updated:August 14, 2026 at 07:57 AM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:4
  • Full bathrooms:4
  • Flooring:Carpet, Vinyl
  • Basement Description:Full Basement, Unfinished
  • Living area:2,448 sq. ft.

Heating and cooling

  • Cooling:Window
  • Heating:Hot Water

Structure and exterior

  • Roof:Asphalt
  • Year built:1900
  • Building area:2,448 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:$289,000
  • Price per sq. ft.:$80.86
  • Tax amount:$1,704

Parking

  • Parking description:Off Street Parking, Street Parking
  • 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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