4-Plex with
For Sale
$309,000
Pending
1011 Lake Avenue, Fort Wayne, IN 46805
MULTI_FAMILY - Fort Wayne, IN
Property Size2,300 SF
Lot Size0.16 Acres
Days on Market109
Property Features for 1011 Lake Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 3, Bathroom 3, Bedroom 4, Basement, Bathroom 4, Bathroom 1, Bathroom 2, Bedroom 1
Parking
6
Fireplace
1
Subdivision
Lakeside Park
Lot features
Level
Elementary school
Forest Park
Middle school
Lakeside
High school
North Side
Elementary school district
Fort Wayne Community
Middle school district
Fort Wayne Community
High school district
Fort Wayne Community
Directions
Property is located on the right side of the one-way road (Lake Ave) heading west, towards downtown, and is marked well with signage.
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
Legal Description
LAKESIDE PARK ADD LOT 180
Building Details
Year built
1905
Floors in Building
2
Number of units
4
Flooring type
Carpet, Vinyl
Architectural style
Other
Listing Agency:
Trueblood Real Estate, LLC.
(317) 288-5148
Listed By:
Richard Rutledge · License #RB16000886
(260) 267-8220
Added: May 12
Changed: Aug 16
Last Checked: Aug 28 at 7:06AM
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.
Turnkey 4-plex with all units fully occupied. The property includes vinyl and carpet flooring and offers a basement with multiple bedrooms and bathrooms across the units. A fireplace is included within the building, and the exterior was freshly painted in 2024. Prior to tenant occupancy, all units were rehabbed with updated paint, carpet, and appliances as needed.
Set on a 0.16-acre lot in the 46805 district of Fort Wayne, Indiana, the property is positioned within walking distance of Lakeside Park and only minutes from downtown Fort Wayne for dining, entertainment, and activity.
Built in 1905, this well-maintained income property provides a straightforward option for an owner seeking a stabilized, turnkey multi-family asset with consistent on-site improvements and rehab work completed prior to current occupancy.
Set on a 0.16-acre lot in the 46805 district of Fort Wayne, Indiana, the property is positioned within walking distance of Lakeside Park and only minutes from downtown Fort Wayne for dining, entertainment, and activity.
Built in 1905, this well-maintained income property provides a straightforward option for an owner seeking a stabilized, turnkey multi-family asset with consistent on-site improvements and rehab work completed prior to current occupancy.
Key Highlights
- 0.16‑acre lot and 2,300 SF building size
- Built in 1905
- Fully occupied turnkey 4‑plex
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
978
Businesses Nearby
Explore this area
Business Placement
Demographics for 46805, IN
21,138
Population
10,742
Households
2
Avg Household Size
35
Median Age
27%
College-Educated
92%
High-School Grad
6.4 sq mi
ZIP Area
3,303
Density / Sq Mi
$50,099
Median Household Income
$37,294
Median Earnings
$858
Median Rent
$131,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied turnkey 4-plex in the 46805 district with updated finishes, vinyl and carpet flooring, and a fireplace.
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: 0.16‑acre lot and 2,300 SF building size; Built in 1905; Fully occupied turnkey 4‑plex
