1011 Lake Avenue, Fort Wayne, IN 46805

Local realty services provided by:ERA Crossroads
1011 Lake Avenue,Fort Wayne, IN 46805
$320,000
Virtual Tour
  • 4 Beds
  • 4 Baths
  • 2,300 sq. ft.
  • Multi-family
  • Active
Listed by: rachel morgan-hamilton
Office: beach vibes realty
MLS#:202540712
Source:Indiana Regional MLS

Price summary

  • Price:$320,000
  • Price per sq. ft.:$93.79

About this home

Turnkey 4-Plex, fully occupied generating $3,497 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. Two of four tenants have been in place since 2023 and the other two moved in this year. This well-maintained, income-producing property is a must-see investment opportunity. Option to purchase additional property at 1027 Lake Ave. Tenants require 48-hour notice for showings and will be present. Owner covers water & gas, averaging $252 per month. Off-street parking in rear.

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Home facts

  • Year built:1905
  • Listing ID #:202540712
  • Added:124 day(s) ago
  • Updated:February 10, 2026 at 04:13 AM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:4
  • Full bathrooms:4
  • Living area:2,300 sq. ft.

Heating and cooling

  • Heating:Forced Air, Gas

Structure and exterior

  • Year built:1905
  • Building area:2,300 sq. ft.
  • Lot area:0.15 Acres

Schools

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

Utilities

  • Water:City
  • Sewer:City

Finances and disclosures

  • Price:$320,000
  • Price per sq. ft.:$93.79
  • Tax amount:$1,175
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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