Updated Four-Unit
For Sale
$289,000
1027 Lake Ave, Fort Wayne, IN 46805
Occupied four-unit property with refreshed interiors and exterior improvements completed in 2024.
Property Size2,448 SF
Price / SF$118.06
Days on Market86
Property Features for 1027 Lake Ave
General Information
Standard status
Active
Size
2,448 SF
Property subtype
Multi-Family
Occupancy
100%
Net Operating Income
$28,025
Additional Details
Gross Income
$44,628
Multifamily Units
4
Building Details
Year Built
1900
Listing Agency:
Trueblood Real Estate, LLC.
Listed By:
Richard Rutledge · License #RB16000886
(260) 399-1177
Source:
Anthonyrealtors
Added: Jul 22
Changed: Oct 7
Last Checked: Oct 7 at 2:34PM
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 2,448 square feet and dates to 1900. All units are occupied, with interior work completed before tenant move-in that included updated paint, carpet, and appliances as needed. The exterior was freshly painted in 2024, adding to the property’s documented improvements.
Located at 1027 Lake Ave in Fort Wayne’s 46805 area, the property is within walking distance of Lakeside Park. Its four-unit configuration, current occupancy, and recent updates provide a straightforward multifamily asset profile.
Located at 1027 Lake Ave in Fort Wayne’s 46805 area, the property is within walking distance of Lakeside Park. Its four-unit configuration, current occupancy, and recent updates provide a straightforward multifamily asset profile.
Key Highlights
- Four‑unit quadplex with 2,448 square feet
- All units are currently occupied
- Interior updates include paint, carpet, and appliances as needed
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 - Occupied four-unit property with refreshed interiors and exterior improvements completed in 2024.
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 $289,000.
What are key features of this property?
This property features: Four‑unit quadplex with 2,448 square feet; All units are currently occupied; Interior updates include paint, carpet, and appliances as needed
