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    1011 Lake Ave Fort Wayne, IN 46805

    For Sale
    $320,000

    Fourplex - Fort Wayne, IN

    Property size:
    2,300 SF
    Lot size:
    0.16 Acres
    Days on Market:
    51
    Last Refresh:
    Dec 6 at 4:06 am

    Property Features for 1011 Lake Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    4
    APN
    02-12-01-135-016.000-074
    Patio and Porch features
    Porch
    EntryLevel
    Upper,Main
    Exterior features
    Off Street Parking, Porch Covered, Water Heater Gas, None
    Basement Y/N
    1
    Appliances
    Dryer, Range
    Size
    2,300 SF
    Lot size
    0.16 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Floors in Building
    2
    Number of units
    4
    Flooring type
    Carpet, Laminate
    Architectural style
    Other

    Beach Vibes Realty, LLC. (260) 494-6154

    Listing agent Rachel Morgan-Hamilton (260) 494-6154 License #RB17000087

    Listing date Oct 17, 2025

    MLS# 202540712 Listing URL

    Copyright © 2025 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.

    Overview

    Turnkey Fourplex Near Lakeside Park

    This turnkey fourplex is fully occupied and generates $3,497 in monthly income. It is ideally located within walking distance of Lakeside Park. The exterior was freshly painted in 2024. All units were rehabbed prior to tenant move-in, featuring updated paint, carpet, and appliances as needed. Two of the four tenants have been in place since 2023, and the other two moved in this year. This well-maintained, income-producing property includes off-street parking in the rear. The owner covers water and gas, averaging $252 per month. Tenants require 48-hour notice for showings and will be present. The property contains 2,300 square feet and is situated on a 0.16-acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.126929
    Latitude
    41.085758

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    FAQs

    What type of property is this?
    Quadplex - Fully occupied fourplex generating monthly income, near Lakeside Park.
    Where is this quadplex located?
    The property is located at 1011 Lake Ave Fort Wayne, IN.
    What is the asking price?
    The asking price for this property is $320,000.
    What are key features of this property?
    This property features: - Turnkey 4-Plex generating $3,497 monthly income.; - Ideally located within walking distance of Lakeside Park.; - All units rehabbed with updated paint, carpet, and appliances.
    (260) 494-6154
    Request Owner's contact information
    1011 Lake Ave Fort Wayne, IN 46805
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1011 Lake Ave Fort Wayne, IN 46805
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