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1027 Lake Avenue Fort Wayne, IN $ 289,000
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1027 Lake Avenue
$ 289,000
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1027 Lake Avenue

Fort Wayne, IN, 46805
$ 289,000
Bedrooms4 Baths4.0 Sq 2,448

Monthly Estimate*

$ 1,779

1027 Lake Avenue, Fort Wayne, IN 46805 - Image 1
1027 Lake Avenue, Fort Wayne, IN 46805 - Image 2
1027 Lake Avenue, Fort Wayne, IN 46805 - Image 3
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Multi-Family Home for sale in Fort Wayne, IN

for $289,000 with 4 bedrooms and 4 full baths. This 2,448 square foot home was built in 1900.

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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Multi-Family Active

Price

$ 289,000

Bedrooms

4

Full Bath

4

Property Type

Multi-Family

Taxes

$ 6,125

Style

Fourplex

Year Built

1900

Town/City

Fort Wayne

County/Region

Allen

MLS | Web ID

202617710
Features
General
Heating Hot Water
Cooling Window
Sewer City
Status Active Active
Full Baths 4
Half Baths 0
Bathrooms 4
Year Built 1900
Parking Off Street Street
New Construction No
Tenant Pays None
Subdivision Lakeside Park
Style Two Story
Stories Count 2
Township Wayne
Class INVESTMENT
Type Fourplex
Age 126
Net Income 28024.93
Rent Income 44628
Features Basement
REO No
Status Detail 0
Area Allen County
Location City/Town/Suburb
High School North Side
City Fort Wayne
School District Fort Wayne Community
HOA Fees $ 0
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/202617710
Agent First Name Richard
Agent Last Name Rutledge
DOM 0
Tax Year 2026
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Interior
Basement Full Basement Unfinished
Flooring Carpet Vinyl
Beds 4
Total Number of Units 4
Microwaves 0
Refrigerators 4
Washers 0
Dryer(s) 0
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
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Exterior
Exterior Wood
Pool No
Number of Parking Spaces 6
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
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* Excluded Features
List By
Richard Rutledge

Listing Agent

Trueblood Real Estate, Llc.

Broker

rutledgerealty@outlook.com

Email

Affordability Calculator

$2,290
Per Month
78%
22%
0%
Monthly Principal & Interest
$1,779
Monthly Property Taxes
$510
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
1236590 Elementary School
1236135 Middle School
North Side High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/12/2026$289,000 Listed Price

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1027 Lake Avenue, Fort Wayne, IN, 46805 is a Multi-Family Home for sale at $289,000 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

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