Updated 4-Unit
For Sale
$309,000
1011 Lake Ave, Fort Wayne, IN 46805
Fully occupied four-unit property with refreshed interiors and a recently painted exterior.
Property Size2,300 SF
Price / SF$134.35
Days on Market88
Property Features for 1011 Lake Ave
General Information
Standard status
Active
Size
2,300 SF
Property subtype
Multi-Family
Occupancy
100%
Net Operating Income
$33,620
Additional Details
Gross Income
$47,244
Multifamily Units
4
Building Details
Year Built
1905
Listing Agency:
Trueblood Real Estate, LLC.
Listed By:
Richard Rutledge · License #RB16000886
(260) 399-1177
Source:
Spencerchildersgroup
Added: Jul 20
Changed: Oct 14
Last Checked: Oct 7 at 2:57PM
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.
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Investment Insights
Based on property information with market context.
This four-unit residential income property contains approximately 2,300 square feet and was built in 1905. All units were rehabilitated before tenant occupancy, with updated paint, carpet, and appliances incorporated as needed. The property is fully occupied and positioned as an operating multifamily asset.
The exterior was repainted in 2024. The property is located near Lakeside Park and within minutes of downtown Fort Wayne, providing access to nearby dining, entertainment, and other urban amenities. Its 4-unit configuration offers a straightforward format for residential income ownership.
The exterior was repainted in 2024. The property is located near Lakeside Park and within minutes of downtown Fort Wayne, providing access to nearby dining, entertainment, and other urban amenities. Its 4-unit configuration offers a straightforward format for residential income ownership.
Key Highlights
- Four‑unit quadplex with 2,300 square feet
- Fully occupied residential income property
- Units updated before tenant occupancy
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
978
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied four-unit property with refreshed interiors and a recently painted exterior.
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: Four‑unit quadplex with 2,300 square feet; Fully occupied residential income property; Units updated before tenant occupancy
