1011 Lake Avenue, Fort Wayne, IN 46805

• 4 beds |
• 4 baths |
• 3,412 sqft

Property Description

This fully occupied turnkey 4-Plex is the kind of investment opportunity that rarely hits the market. Generating an impressive $3,937.00 monthly gross income and $33,620.00 NET annual income after all expenses. It it assessed at over $321,400.00. Ideally positioned in the heart of the highly desirable 46805 district, you’re just a short walk from Lakeside Park and only minutes from the energy, dining, and entertainment of downtown Fort Wayne. With a freshly painted exterior in 2024 and all units rehabbed prior to tenant occupancy featuring updated paint, carpet, and appliances as needed, this property offers the perfect blend of charm, stability, and cash flow. Well-maintained, income-producing, and aggressively priced for the value offered, this is a prime opportunity for both seasoned investors and buyers looking to expand their portfolio with confidence. Opportunities like this don’t last long.

Listing Status:

Active

Date Added:

May 12, 2026

Data Last Updated:

May 22, 2026 at 7:59AM

Listing Office:

Trueblood Real Estate, LLC. : 317-288-5148

Listing Agent:

Richard Rutledge : 260-267-8220

MLS ID:

202617711

Interior

• Basement: Full BasementUnfinished
• Flooring: CarpetVinyl
• A/C: Window
• Heating: Forced AirGas

Exterior

• General: Wood
• Style: Two Story
• Other Structures: None
• Parking: Parking spaces: 6

Location

• HOA Amenities: 0.0
• School District: Fort Wayne Community

Lot

• Driveway: Gravel
• Zoning: LAKESIDE PARK ADD LOT 18002-12-01-135-016.000-074