4-Plex with 2024 Exterior
For Sale
$289,000
Pending
1027 Lake Avenue, Fort Wayne, IN 46805
MULTI_FAMILY - Fort Wayne, IN
Property Size2,448 SF
Lot Size0.16 Acres
Days on Market109
Property Features for 1027 Lake Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Basement, Bathroom 3, Bathroom 1, Bedroom 2, Bathroom 4, Bathroom 2, Bedroom 3, Bedroom 1
Parking
6
Parking features
Off Street
Fireplace
1
Subdivision
Lakeside Park
Lot features
City/ Town/ Suburb, 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 right side of one-way street (Lave Ave) heading west towards downtown, and is marked well with signage.
Standard status
Pending
APN
02-12-01-135-020.000-074
Size
2,448 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
LAKESIDE PARK ADD LOT 228
Tax Annual Amount
1704
Legal Description
LAKESIDE PARK ADD LOT 228
Building Details
Year built
1900
Floors in Building
2
Number of units
4
Flooring type
Carpet, Vinyl
Roof type
Asphalt
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# 202617710
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 fully occupied 4-plex offers a turnkey setup with a well-maintained unit mix. The exterior was freshly painted in 2024, and units have been rehabbed with updated finishes as needed prior to tenant move-in, including paint, carpet, and appliances. The property includes a basement and features a fireplace, with vinyl and carpet flooring throughout.
Set on a 0.16-acre lot and totaling 2,448 SF, the building was constructed in 1900 and has an asphalt roof. Off-street parking is available. The property is located in the 46805 district and is within walking distance of Lakeside Park.
For tenants and operators looking for an income-producing residential building with established operations, this property’s recent cosmetic updates and maintained exterior support practical day-to-day ownership.
Set on a 0.16-acre lot and totaling 2,448 SF, the building was constructed in 1900 and has an asphalt roof. Off-street parking is available. The property is located in the 46805 district and is within walking distance of Lakeside Park.
For tenants and operators looking for an income-producing residential building with established operations, this property’s recent cosmetic updates and maintained exterior support practical day-to-day ownership.
Key Highlights
- Fully occupied 4‑plex
- Freshly painted exterior in 2024
- 2,448 SF building on a 0.16‑acre lot
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied 4-plex with off-street parking, asphalt roofing, and vinyl and carpet flooring.
Where is this quadplex located?
The property is located at 1027 Lake Avenue Fort Wayne, IN.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Fully occupied 4‑plex; Freshly painted exterior in 2024; 2,448 SF building on a 0.16‑acre lot
