Four-Plex Multifamily
For Sale
$309,000
1011 Lake Ave, Fort Wayne, IN 46805
Fully occupied four-plex in Fort Wayne with a freshly painted exterior and rehabbed units, offering turnkey residential income.
Property Size2,300 SF
Price / SF$134.35
Days on Market92
Property Features for 1011 Lake Ave
General Information
Standard status
Active
Size
2,300 SF
Property subtype
Residential Income
Occupancy
100%
Net Operating Income
$33,620
Additional Details
Gross Income
$47,244
Building Details
Tenancy
Multi
Abandoned
No
Listing Agency:
Trueblood Real Estate, LLC.
(260) 267-8220
Listed By:
Richard Rutledge · License #RB16000886
(260) 267-8220
Source:
Exprealty
Added: May 12
Changed: Jul 31
Last Checked: Aug 11 at 12:59PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Trueblood Real Estate, LLC.
Investment Insights
Based on property information with market context.
This fully occupied turnkey four-plex offers a ready-to-operate residential income setup. The exterior was freshly painted in 2024. Prior to tenant occupancy, all units were rehabbed with updated paint, carpet, and appliances as needed, supporting a well-maintained, income-producing configuration.
The property is located at 1011 Lake Ave in Fort Wayne, Indiana. It’s positioned in the heart of the 46805 district, with Lakeside Park within a short walk, and downtown Fort Wayne only minutes away for dining, entertainment, and day-to-day access.
Ideal for buyers looking for a stable, residential income option, this four-plex is presented as turn-key and maintained for ongoing occupancy.
The property is located at 1011 Lake Ave in Fort Wayne, Indiana. It’s positioned in the heart of the 46805 district, with Lakeside Park within a short walk, and downtown Fort Wayne only minutes away for dining, entertainment, and day-to-day access.
Ideal for buyers looking for a stable, residential income option, this four-plex is presented as turn-key and maintained for ongoing occupancy.
Key Highlights
- Fully occupied turnkey four‑plex
- Freshly painted exterior completed in 2024
- All units rehabbed prior to tenant occupancy with updated paint and carpet
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,455
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 four-plex in Fort Wayne with a freshly painted exterior and rehabbed units, offering turnkey residential income.
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 $309,000.
What are key features of this property?
This property features: Fully occupied turnkey four‑plex; Freshly painted exterior completed in 2024; All units rehabbed prior to tenant occupancy with updated paint and carpet
