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1027 Lake Avenue, Fort Wayne, IN 46805

Fort Wayne
Local realty services provided by:CENTURY 21 Scheetz
1027 Lake Avenue,Fort Wayne, IN 46805
$330,000
Virtual Tour
  • 4 Beds
  • 4 Baths
  • 2,448 sq. ft.
  • Multi-family
  • Active
Listed by: rachel morgan-hamilton
Office: beach vibes realty
MLS#:202540713
Source:Indiana Regional MLS

Price summary

  • Price:$330,000
  • Price per sq. ft.:$92.33

About this home

Turnkey 4-Plex, fully occupied, generating $3,651 monthly income, ideally located within walking distance of Lakeside Park. Exterior freshly painted in 2024. All units rehabbed prior to tenant move-in, featuring updated paint, carpet and appliances as needed. Three of four tenants have been in place since 2023, ensuring stable income. This well-maintained, income-producing property is a must-see investment opportunity. Option to purchase additional property at 1011 Lake Ave. Tenants require 48-hour notice for showings and will be present. Owner covers utilities, averaging $575 per month. Off-street parking in rear.

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Home facts

  • Year built:1900
  • Listing ID #:202540713
  • Added:154 day(s) ago
  • Updated:March 01, 2026 at 03:55 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:4
  • Full bathrooms:4
  • Flooring:Carpet, Laminate
  • Basement Description:Full Basement, Unfinished
  • Living area:2,448 sq. ft.

Heating and cooling

  • Heating:Hot Water

Structure and exterior

  • Year built:1900
  • Building area:2,448 sq. ft.
  • Lot area:0.15 Acres
  • Lot Features:Level
  • Architectural Style:Two Story
  • Construction Materials:Aluminum, Shingle, Vinyl
  • Exterior Features:Porch Open
  • Levels:2 Stories

Schools

  • High school:North Side
  • Middle school:Lakeside
  • Elementary school:Forest Park

Utilities

  • Water:City
  • Sewer:City

Finances and disclosures

  • Price:$330,000
  • Price per sq. ft.:$92.33
  • Tax amount:$1,576

Features and amenities

  • Amenities:Water Heater Gas

Parking

  • Parking description:Gravel Parking, Off Street Parking
  • Garage spaces:1
IRMLS 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. IRMLS Data is deemed reliable but is not guaranteed accurate by the MLS. IRMLS information provided by the Indiana Regional MLS. Copyright 2026 Indiana Regional MLS LLC.

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