1027 Lake Avenue Fort Wayne, IN 46805
MULTI_FAMILY - Fort Wayne, IN
- Added:
- May 12, 2026
- Days on Market:
- 63
- Last Refresh:
- Jul 13 at 9:06 pm
Property Features for 1027 Lake Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bedroom 2, Bathroom 4, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 4, Basement
- Parking
- 6
- Parking features
- Off Street
- Fireplace
- 1
- Standard status
- Pending
- APN
- 02-12-01-135-020.000-074
- Size
- 2,448 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- LAKESIDE PARK ADD LOT 228
- Tax Annual Amount
- 1704
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Vinyl, Carpet
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Richard Rutledge License #RB16000886 (260) 267-8220
Listing office Trueblood Real Estate, LLC. 8700 North Street, Fishers, IN (317) 288-5148
Listing date May 12, 2026
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
Located in the 46805 district in Fort Wayne, the property is described as being within walking distance of Lakeside Park. The lot size is 0.16 acres, and the total property size is 2,448 square feet.
For investors seeking an income-producing, move-in-ready rental property, this 4-unit setup provides an immediate rent stream with documented unit refreshes and a maintained exterior. The current occupancy status and recent updates are practical considerations for buyers looking to limit near-term turnover work.
Key Highlights
- 4‑plex with all units occupied and $3,719/month in gross income; net annual income reported at $28,025
- Freshly painted exterior in 2024, with rehabbed units including updated paint, carpet, and appliances as needed
- Year built 1900; features include a fireplace and basement
