# 1011 Lake Avenue, Fort Wayne, IN 46805-4398

> **TL;DR:** 4bd/4ba residential multi family, $309,000 ($134/sqft), 2,300 sqft.
> Basement. Est. $1,339/mo. Listed 20 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $309,000 |
| Price/sqft | $134 |
| Bedrooms | 4 |
| Bathrooms | 4 full |
| Square Feet | 2,300 |
| Lot Size | 6,970 sqft (0.16 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 20 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,339 |
| **Total** | **$1,339** |

## Nearby Schools

- **Elementary:** Forest Park
- **Middle:** Lakeside
- **High:** North Side

## Key Amenities

- Basement

## Property Highlights

- 0.16 acre lot
- 2 stories

## Description

### Agent 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.

## Location

- **Address:** 1011 Lake Avenue, Fort Wayne, IN 46805-4398
- **County:** Allen County
- **Neighborhood:** Lakeside Park
- **Coordinates:** 41.085758, -85.126929
- **Google Maps:** https://www.google.com/maps?q=41.085758,-85.126929

## Listing Agent

- **Name:** Richard Rutledge
- **Brokerage:** Trueblood Real Estate, LLC.
- **Phone:** 2602678220
- **Email:** rutledgerealty@outlook.com

## Primary Photo

![1011 Lake Avenue - Primary Photo](http://lh.rdcpix.com/24d7b1c483d50a196354216481de6b32l-f3410082853r.jpg)

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**MLS#:** 202617711 | **Updated:** 2026-06-19
**Source:** listhub

*Copyright © 2026 Upstate Alliance of REALTORS® Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/1011-lake-avenue-fort-wayne-in-46805-4398-02617711)

---

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