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1011 Lake Avenue, 
Fort Wayne, IN 46805

$309,000


4

Beds


4

Baths


2,300

Sq Ft


Multi-Family

Active

Listed by

Richard Rutledge, Cell: 260-267-8220

Trueblood Real Estate, LLC.

Last updated:

May 19, 2026, 02:59 PM

MLS#

202617711

Source:

Indiana Regional MLS

About This Home

1011 Lake Avenue

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.

Home Facts

Multi-Family

4 Baths

4 Bedrooms

Built in 1905

Price Summary

309,000

$134 per Sq. Ft.

MLS #:

202617711

Last Updated:

May 19, 2026, 02:59 PM

Added:

8 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4

Interior

Living Area:

2,300 Sq. Ft.


Structure

Structure

Architectural Style:

Two Story

Building Area:

3,412 Sq. Ft.

Year Built:

1905


Lot

Lot Size (Sq. Ft):

6,750


Finances & Disclosures

Finances

Price:

$309,000

Price per Sq. Ft:

$134 per Sq. Ft.

Source:Indiana Regional MLS
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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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.