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1027 Lake Avenue, 
Fort Wayne, IN 46805

$289,000

4

Beds

4

Baths

2,448

Sq Ft

Multi-Family

Virtual Tour

Active

Listed by

Richard Rutledge, Cell: 260-267-8220

Trueblood Real Estate, LLC.

Last updated:

May 15, 2026, 02:51 PM

MLS#

202617710

Source:

Indiana Regional MLS

About This Home

1027 Lake Avenue

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.

Home Facts

Multi-Family

4 Baths

4 Bedrooms

Built in 1900

Price Summary

289,000

$118 per Sq. Ft.

MLS #:

202617710

Last Updated:

May 15, 2026, 02:51 PM

Added:

3 day(s) ago

Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4

Interior

Living Area:

2,448 Sq. Ft.

Structure

Structure

Architectural Style:

Two Story

Building Area:

3,574 Sq. Ft.

Year Built:

1900

Lot

Lot Size (Sq. Ft):

6,750

Finances & Disclosures

Finances

Price:

$289,000

Price per Sq. Ft:

$118 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.