$289,000

1027 Lake Avenue, Fort Wayne, IN 46805

4 beds |
4 baths |
3,574 sqft

Multi-Family Home
Built in 1900
6,970sqft lot
—— car garage
$81/sqft
Listed 10 days ago

Property Description

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.

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:: 202617710

Basement: Full BasementUnfinished
Flooring: CarpetVinyl
A/C: Window
Heating: Hot Water

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

Roofing: Asphalt

HOA Amenities: 0.0
School District: Fort Wayne Community

Zoning: LAKESIDE PARK ADD LOT 22802-12-01-135-020.000-074

This listing courtesy of Richard Rutledge , Trueblood Real Estate, LLC.

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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