# 1027 Lake Avenue, Fort Wayne, IN 46805-4388

> **TL;DR:** 4bd/4ba residential multi family, $289,000 ($118/sqft), 2,448 sqft.
> Basement. Est. $1,252/mo. Listed 20 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $289,000 |
| Price/sqft | $118 |
| Bedrooms | 4 |
| Bathrooms | 4 full |
| Square Feet | 2,448 |
| 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%) | $1,252 |
| **Total** | **$1,252** |

## Nearby Schools

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

## Key Amenities

- Basement

## Property Highlights

- 0.16 acre lot
- 2 stories

## Description

### Agent 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.

## Location

- **Address:** 1027 Lake Avenue, Fort Wayne, IN 46805-4388
- **County:** Allen County
- **Neighborhood:** Lakeside Park
- **Coordinates:** 41.086063, -85.126398
- **Google Maps:** https://www.google.com/maps?q=41.086063,-85.126398

## Listing Agent

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

## Primary Photo

![1027 Lake Avenue - Primary Photo](http://lh.rdcpix.com/45d6c0e430d39ec25efee16af1bd632fl-f4176147951r.jpg)

*3 total photos available on [listing page](https://www.propertysimple.com/listing/1027-lake-avenue-fort-wayne-in-46805-4388-02617710)*

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**MLS#:** 202617710 | **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/1027-lake-avenue-fort-wayne-in-46805-4388-02617710)

---

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