$330,000

1027 Lake Avenue, Fort Wayne, IN 46805

4 beds |
4 baths |
3,574 sqft

Multi-Family Home
Built in 1900
6,970sqft lot
—— car garage
$92/sqft
Listed 28 days ago

Property Description

Turnkey 4-Plex, fully occupied, generating $3,651 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. Three of four tenants have been in place since 2023, ensuring stable income. This well-maintained, income-producing property is a must-see investment opportunity. Option to purchase additional property at 1011 Lake Ave. Tenants require 48-hour notice for showings and will be present. Owner covers utilities, averaging $575 per month. Off-street parking in rear.

Listing Status:: Active
Date Added:: October 8, 2025 at 05:00AM
Listing Office:: Beach Vibes Realty : 260-494-6154
Listing Agent:: Rachel Morgan-Hamilton : 260-494-6154
MLS ID:: 202540713

Basement: Full BasementUnfinished
Flooring: CarpetLaminate
A/C: None
Heating: Hot Water

General: AluminumShingleVinyl
Style: Two Story
Other Structures: None
Parking: GravelOff StreetParking spaces: 4

School District: Fort Wayne Community

Zoning: LAKESIDE PARK ADD LOT 22802-12-01-135-020.000-074

This listing courtesy of Rachel Morgan-Hamilton, Beach Vibes Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Forest Park Elementary School

2004 Alabama Ave, Fort Wayne, IN, 46805

Grades PK-5

0.63 miles away

Lakeside Middle School

2100 Lake Ave, Fort Wayne, IN, 46805

Grades 6-8

0.83 miles away

North Side High School

475 E State Blvd, Fort Wayne, IN, 46805

Grades 9-12

0.91 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.