$289,000
1027 Lake Avenue
Turnkey 4-Plex in the heart of the desirable 46805 district, fully occupied and generating $3,719/month in gross income with a NET annual income of $28,025. Ideally located within walking distance of Lakeside Park, this well-priced downtown investment opportunity features a freshly painted exterior (2024) and rehabbed units with updated paint, carpet, and appliances as needed prior to tenant move-in. A well-maintained, income-producing property offering immediate cash flow and long-term potential.
Property is right side of one-way street (Lave Ave) heading west towards downtown, and is marked well with signage.
Map to 1027 Lake Avenue, Fort Wayne, IN 46805
MLS #
202617710
Date Listed
2026-05-12
Status
Active
Property Type
Investment
Property SubType
Fourplex
Finished Square Feet
2448 sqft
Total Square Feet
3574 sqft
New Construction
No
Style
Two Story
Type
Fourplex
Basement
Yes
Bedrooms
4
Bathrooms
4
Annual Taxes
$1,704.00
Year Taxes Payable
2026
Year Built
1900
Virtual Tour
propertypanorama.com »
Days on Market
12
Room Dimensions
Family Room
925 × 925
Level
Kitchen
944 ×
Level
4th Bedroom
1 × 1
Level
5th Bedroom
4 × 4
Level
Bathroom Locations
Full Baths
4 Main
External Features
Construction
Fourplex
Lot Size
6,750 sq ft
Acreage
0.16 Acres
Lot Dimensions
45X150
Fence
None
Location
Area
Allen County
County
Allen
Subdivision
Lakeside Park
Township
Wayne
City
Fort Wayne
State
IN
Zip
46805
Schools
School District
Fort Wayne Community
Elementary
Forest Park
Middle School
Lakeside
High School
North Side
Financial
Assoc. Dues
$0.00 Not Applicable
Assoc. Restrictions
No
| MLS # | 202617710 |
|---|---|
| Date Listed | 2026-05-12 |
| Status | Active |
| Property Type | Investment |
| Property SubType | Fourplex |
| Finished Square Feet | 2448 sqft |
| Total Square Feet | 3574 sqft |
| New Construction | No |
| Style | Two Story |
| Type | Fourplex |
| Basement | Yes |
| Bedrooms | 4 |
| Bathrooms | 4 |
| Annual Taxes | $1,704.00 |
| Year Taxes Payable | 2026 |
| Year Built | 1900 |
| Virtual Tour | propertypanorama.com » |
| Days on Market | 12 |
| Family Room | 925 × 925 | Level |
| Kitchen | 944 × | Level |
| 4th Bedroom | 1 × 1 | Level |
| 5th Bedroom | 4 × 4 | Level |
| Full Baths | 4 Main |
| Construction | Fourplex |
|---|---|
| Lot Size | 6,750 sq ft |
| Acreage | 0.16 Acres |
| Lot Dimensions | 45X150 |
| Fence | None |
| Area | Allen County |
|---|---|
| County | Allen |
| Subdivision | Lakeside Park |
| Township | Wayne |
| City | Fort Wayne |
| State | IN |
| Zip | 46805 |
| School District | Fort Wayne Community |
|---|---|
| Elementary | Forest Park |
| Middle School | Lakeside |
| High School | North Side |
| Assoc. Dues | $0.00 Not Applicable |
|---|---|
| Assoc. Restrictions | No |
MLS# 202617710
IDX information provided by the Indiana Regional MLS.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Listing Provided Courtesy of Richard Rutledge
Trueblood Real Estate, LLC.
Cell: 260-267-8220
Listing updated May 12, 2026 at 6:30 pm
Last checked 28 minutes ago
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