Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1027 Lake Ave Fort Wayne, IN 46805

    For Sale
    $330,000

    Fourplex - Fort Wayne, IN

    Property size:
    2,448 SF
    Lot size:
    0.16 Acres
    Days on Market:
    59
    Last Refresh:
    Dec 14 at 5:06 am

    Property Features for 1027 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
    02-12-01-135-020.000-074
    Parking features
    Off Street
    Patio and Porch features
    Porch
    EntryLevel
    Main,Upper
    Exterior features
    Off Street Parking, Porch Open, Water Heater Gas, None
    Basement Y/N
    1
    Appliances
    Dryer, Range
    Size
    2,448 SF
    Lot size
    0.16 Acres

    Utilities

    Heating system
    Hot Water (Heating)

    Building Details

    Floors in Building
    2.5
    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# 202540713 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 $3,651 in monthly income. It is located within walking distance of Lakeside Park in Fort Wayne, Indiana. The exterior was freshly painted in 2024. Prior to tenant move-in, all units were rehabbed with updated paint, carpet, and appliances as needed. Three of the four tenants have been in place since 2023, ensuring stable income. The property size is 2,448 square feet and the lot size is 0.16 acres. Off-street parking is available in the rear. The owner covers utilities, averaging $575 per month. Tenants require 48-hour notice for showings and will be present. This well-maintained, income-producing property is a must-see investment opportunity. There is also an option to purchase an additional property at 1011 Lake Ave.
    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
    -85.126398
    Latitude
    41.086063

    Nearby Similar for Sale

    • $350,000
      Pending

      Versatile Commercial Building in Fort Wayne

      Multi-use commercial building in high-traffic area near downtown Fort Wayne.
      3539 N Clinton St, Fort Wayne, IN 46805
      View Details
    • $580,000
      0.43 Acres

      Unique Stone Castle-Inspired Retail Space

      Distinctive property with high visibility, adaptable layout, and ample parking.
      6623 Sr 930, Fort Wayne, IN 46803
      View Details
    • $305,900
      2,820 SF

      Duplex Near Electric Works

      Duplex with potential for short-term rentals near Electric Works.
      1814 College St, Fort Wayne, IN 46802
      View Details
    • $418,888
      Pending

      Updated Duplex with Income Potential

      Turn-key duplex with AirBnB and long-term rental income.
      5705 Bluebird Ct, Fort Wayne, IN 46835
      View Details
    • $419,900
      3,016 SF

      Spacious Duplex on One Acre

      Fort Wayne duplex with 7 bedrooms, 4 baths on one acre.
      5140 Old Maysville Rd, Fort Wayne, IN 46815
      View Details
    • $130,000
      1,540 SF

      Updated Fort Wayne Triplex Investment

      Updated triplex in Fort Wayne, fully occupied, generating stable returns.
      4029 Barr St, Fort Wayne, IN 46806
      View Details

    FAQs

    What type of property is this?
    Quadplex - Fully occupied fourplex near Lakeside Park, generating stable monthly income.
    Where is this quadplex located?
    The property is located at 1027 Lake Ave Fort Wayne, IN.
    What is the asking price?
    The asking price for this property is $330,000.
    What are key features of this property?
    This property features: - Turnkey 4-Plex generating $3,651 monthly income.; - Ideally located within walking distance of Lakeside Park.; - Fully occupied with three of four tenants in place since 2023, ensuring stable income.
    (260) 494-6154
    Request Owner's contact information
    1027 Lake Ave Fort Wayne, IN 46805
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1027 Lake Ave
    Fort Wayne, IN 46805
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1027 Lake Ave Fort Wayne, IN 46805
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.