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Turnkey 4-Plex Investment

1011 Lake Avenue Fort Wayne, IN 46805

Claim this Listing
Pending
$309,000

MULTI_FAMILY - Fort Wayne, IN

Property size:
2,300 SF
Lot size:
0.16 Acres
Added:
May 12, 2026
Days on Market:
64
Last Refresh:
Jul 14 at 12:06 am

Property Features for 1011 Lake Avenue

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
4
Rooms
Bathroom 1, Bedroom 2, Bathroom 4, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 4, Basement
Parking
6
Fireplace
1
Standard status
Pending
APN
02-12-01-135-016.000-074
Size
2,300 SF
Lot size
0.16 Acres

Taxes and HOA fees

Tax Year
2026
Tax Description
LAKESIDE PARK ADD LOT 180
Tax Annual Amount
1241

Building Details

Year built
1905
Floors in Building
2
Number of units
4
Flooring type
Vinyl, Carpet
Architectural style
Other

Listing agent Richard Rutledge License #RB16000886

Listing office Trueblood Real Estate, LLC. 8700 North Street, Fishers, IN

Listing date May 12, 2026

MLS# 202617711

Copyright © 2026 Upstate Alliance of REALTORS® Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This turnkey 4-plex is fully occupied and structured for straightforward operations. The exterior was freshly painted in 2024, and the property’s units were rehabbed prior to tenant occupancy. Updates include refreshed interior paint, carpet, and appliance replacements as needed. With four rental units under one roof, the building provides an income-producing residential setup designed for consistent day-to-day management.

Located at 1011 Lake Avenue in Fort Wayne’s 46805 area, the property benefits from a nearby recreational draw and local convenience. The public remarks note a short walk to Lakeside Park and quick access to downtown Fort Wayne for dining, entertainment, and energy. The lot size is listed at 0.16 acres, and the property is reported at 2,300 square feet.

From an ownership perspective, the current configuration supports immediate occupancy and documented cash flow based on the listing information. The property is reported at $3,937.00 in monthly gross income and $33,620.00 in net annual income after expenses, and it is described as assessed at over $321,400. For buyers seeking a managed, ready-to-operate multifamily asset, this 4-plex offers a completed, turn-key alternative to starting from renovation.

Key Highlights

  • Fully occupied 4‑plex built in 1905
  • Generating $3,937 per month gross income and $33,620 net annual income after expenses
  • Assessed at over $321,400

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

HVAC Service (Bike/Boat/Book/etc) Store Home Appliance Store Acupuncture Butcher (Bike/Boat/Book/etc) Store Veterinary Clinic Carpet & Flooring Store Pet Store Pet Store & Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Quadplex - Fully occupied, turnkey 4-plex with recently updated units and measurable monthly gross income.
Where is this quadplex located?
The property is located at 1011 Lake Avenue Fort Wayne, IN.
What is the asking price?
The asking price for this property is $309,000.
What are key features of this property?
This property features: Fully occupied 4‑plex built in 1905; Generating $3,937 per month gross income and $33,620 net annual income after expenses; Assessed at over $321,400
Contact an agent
More about this property
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