Two-Story Quadplex with Updated
For Sale
$289,000
Pending
1027 Lake Avenue, Fort Wayne, IN 46805
INVESTMENT, Two Story, Fort Wayne, IN
Property Size2,448 SF
Lot Size0.16 Acres
Days on Market115
Property Features for 1027 Lake Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 3, Bedroom 4, Bedroom 1, Bathroom 3, Bathroom 4, Bathroom 2, Basement, Bedroom 2
Parking
6
Parking features
Off Street
Fireplace
1
Subdivision
Lakeside Park
Lot features
City/ Town/ Suburb, Level
Elementary school
Forest Park
Middle school
Lakeside
High school
North Side
Elementary school district
Fort Wayne Community
Middle school district
Fort Wayne Community
High school district
Fort Wayne Community
Directions
Property is right side of one-way street (Lave Ave) heading west towards downtown, and is marked well with signage.
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
Legal Description
LAKESIDE PARK ADD LOT 228
Building Details
Year built
1900
Floors in Building
2
Number of units
4
Flooring type
Vinyl, Carpet
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Trueblood Real Estate, LLC.
(317) 288-5148
Listed By:
Richard Rutledge · License #RB16000886
(260) 267-8220
Added: May 12
Changed: Sep 2
Last Checked: Sep 3 at 4:06AM
MLS# 202617710
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.
This two-story quadplex contains four residential units within 2,448 square feet on a 0.16-acre parcel. Unit interiors have received updated paint, carpet, and appliances as needed before tenant move-in, while the exterior was freshly painted in 2024. The property also includes a basement, vinyl and carpet flooring, asphalt roofing, a fireplace, and off-street parking.
Located at 1027 Lake Avenue in Fort Wayne’s 46805-4388 ZIP code, the property is within walking distance of Lakeside Park. The building was constructed in 1900 and is fully occupied, providing an established residential income configuration for an investor seeking a four-unit asset.
Located at 1027 Lake Avenue in Fort Wayne’s 46805-4388 ZIP code, the property is within walking distance of Lakeside Park. The building was constructed in 1900 and is fully occupied, providing an established residential income configuration for an investor seeking a four-unit asset.
Key Highlights
- Four‑unit residential building totaling 2,448 square feet
- 0.16‑acre parcel with off‑street parking
- Exterior freshly painted in 2024
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
978
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-unit property with off-street parking and refreshed unit interiors in Fort Wayne.
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 $289,000.
What are key features of this property?
This property features: Four‑unit residential building totaling 2,448 square feet; 0.16‑acre parcel with off‑street parking; Exterior freshly painted in 2024
