Turnkey 4-Plex
1027 Lake Avenue Fort Wayne, IN 46805
1027 Lake Avenue, Fort Wayne, IN, 46805
$330,000
For Sale
$330,000
Turnkey, fully occupied 4-plex with freshly painted exterior and updated interiors, plus rear off-street parking.
Property Size2,448 SF
Price / SF$134.80
Days on Market415
Property Features for 1027 Lake Avenue
General Information
- Standard status
- Active
- Size
- 2,448 SF
- Property subtype
- Multi Family / Fourplex
Building Details
- Year Built
- 1900
Listing agency
eXp Realty, LLC
(260) 494-6154
Listed by
Rachel Morgan-Hamilton · License #RB17000087
(260) 494-6154
Source
Compass
Added: Jun 4, 2025 Updated: Jul 22 at 4:42PM Checked: Jul 22 at 4:42PM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
This turnkey 4-plex is fully occupied and currently generates monthly income. The property underwent unit rehab prior to tenant move-in, with updated paint, carpet, and appliances as needed, and the exterior was freshly painted in 2024. Three of the four tenants have been in place since 2023.
The building is located within walking distance of Lakeside Park. Off-street parking is available in the rear, and tenants require 48-hour notice for showings; tenants will be present during showings. The owner covers utilities, averaging $575 per month.
An option is available to purchase an additional property at 1011 Lake Ave.
The building is located within walking distance of Lakeside Park. Off-street parking is available in the rear, and tenants require 48-hour notice for showings; tenants will be present during showings. The owner covers utilities, averaging $575 per month.
An option is available to purchase an additional property at 1011 Lake Ave.
Key Highlights
- Fully occupied 4‑plex with four 1‑bedroom units and 4 total baths
- Generates $3,651 monthly income; three of four tenants have been in place since 2023
- Exterior freshly painted in 2024; aluminum/shingle/vinyl exterior with open porch
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Turnkey, fully occupied 4-plex with freshly painted exterior and updated interiors, plus rear off-street parking.
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 $330,000.
What are key features of this property?
This property features: Fully occupied 4‑plex with four 1‑bedroom units and 4 total baths; Generates $3,651 monthly income; three of four tenants have been in place since 2023; Exterior freshly painted in 2024; aluminum/shingle/vinyl exterior with open porch
