1027 Lake Avenue Fort Wayne, IN ^$ 330,000

1027 Lake Avenue

^$ 330,000

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1027 Lake Avenue

Fort Wayne, IN, 46805

^$ 330,000

Bedrooms4 Baths4.0 Sq 2,448

Monthly Estimate*

^$ 2,059

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Multi-Family Home for sale in Fort Wayne, IN

for $330,000 with 4 bedrooms and 4 full baths. This 2,448 square foot home was built in 1900.

Turnkey 4-Plex, fully occupied, generating $3,651 monthly income, ideally located within walking distance of Lakeside Park. Exterior freshly painted in 2024. All units rehabbed prior to tenant move-in, featuring updated paint, carpet and appliances as needed. Three of four tenants have been in place since 2023, ensuring stable income. This well-maintained, income-producing property is a must-see investment opportunity. Option to purchase additional property at 1011 Lake Ave. Tenants require 48-hour notice for showings and will be present. Owner covers utilities, averaging $575 per month. Off-street parking in rear.

Multi-Family Active

Price

^$ 330,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 4,355

Style

Fourplex

Year Built

1900

Town/City

Fort Wayne

County/Region

Allen

MLS | Web ID

202540713

Features

General

Heating Hot Water

Cooling None

Sewer City

Status Active Active

Full Baths 4

Half Baths 0

Bathrooms 4

Year Built 1900

Parking Gravel Off Street

New Construction No

Tenant Pays None

Subdivision Lakeside Park

Style Two Story

Stories Count 2.5

Township Wayne

Class INVESTMENT

Type Fourplex

Age 125

Net Income 30637

Rent Income 43812

Features Off Street Parking Porch Open Water Heater Gas

REO No

Status Detail 0

Area Allen County

Location City/Town/Suburb

High School North Side

City Fort Wayne

School District Fort Wayne Community

Total Sq Ft 3574

Elementary School Forest Park

Middle School Lakeside

Legal Description LAKESIDE PARK ADD LOT 228

Virtual Tour https://www.propertypanorama.com/instaview/irmls/202540713

Agent First Name Rachel

Agent Last Name Morgan-Hamilton

DOM 54

Tax Year 2025

Exterior

Road Surface Paved

Road Access City

Exterior Aluminum Shingle Vinyl

Pool No

Number of Parking Spaces 4

Lot Size Area 6750

Lot Dimensions 45X150

Lot Description Level

Water Meters 1

Electric Meters 1

Outbuilding None

Gas Meters 1

Waterfront Y/N No

Interior

Basement Full Basement Unfinished

Flooring Carpet Laminate

Beds 4

Total Number of Units 4

Microwaves 0

Refrigerators 4

Washers 1

Dryer(s) 1

Dishwasher(s) 0

Disposal(s) 0

Above Grade Bedrooms 4

Below Grade Baths 0

Below Grade Bedrooms 0

Total Rooms Below Grade 0

Ranges/Ovens 4

W/D Hookups 1

* Excluded Features

List By

Rachel Morgan-Hamilton

Listing Agent

Beach Vibes Realty

Broker

rachelmh.realty@gmail.com

Affordability Calculator

$2,422

Per Month

Monthly Principal & Interest: $2,059
Monthly Property Taxes: $363
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Fort Wayne, IN

Average List Price ^$236,791

Percent of Sale Price 28%

About Fort Wayne, IN

262,196 Population

5% Since 2002

^$44,785 Median Income

36.31 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1236590 Elementary School

1236135 Middle School

North Side High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/8/2025	$330,000		Listed Price

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1027 Lake Avenue, Fort Wayne, IN, 46805 is a Multi-Family Home for sale at $330,000 with 2,448 sqft. 1027 Lake Avenue has 4 bedrooms, 4.0 baths, and was built in 1900. The property's zip code is 46805 which is in Fort Wayne, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Multiple Listing Service of the Indiana Regional Multiple Listing Service.

The data relating to real estate for sale on this web site comes in part from the Indiana Regional Multiple Listing Service. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is 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.

Data is updated as of 12/6/2025.

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1027 Lake Avenue

Multi-Family Home for sale in Fort Wayne, IN

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