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Pending
    • $309,000

    1011 Lake Ave, Fort Wayne, IN 46805

    4beds
    2,300sqft
    : 
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    Quadruplex
    Built in 1905
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Updated paint
    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.
    65 days
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    53
    |
    0
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Richard Rutledge Cell:260-267-8220,

    Trueblood Real Estate, LLC.

    Source: IRMLS,MLS#: 202617711MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 4
      • Full bathrooms: 4
      Heating
      • Natural Gas, Forced Air
      Cooling
      • Window Unit(s)
      Features
      • Flooring: Carpet, Vinyl
      • Basement: Full,Unfinished
      Interior area
      • Total structure area: 3,412
      • Total interior livable area: 2,300 sqft
      • Finished area above ground: 2,300
      • Finished area below ground: 0

      Property

      Parking
      • Total spaces: 6
      • Parking features: Gravel
      • Has uncovered spaces: Yes
      Features
      • Levels: Two
      • Stories: 2
      Lot
      • Size: 6,969 Square Feet
      • Dimensions: 45X150
      • Features: Level
      Details
      • Additional structures: None
      • Parcel number: 021201135016.000074

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Quadruplex
      Materials
      • Wood Siding
      • Foundation: Basement
      Condition
      • New construction: No
      • Year built: 1905

      Utilities & green energy

      • Electric: AEP/I&M
      • Gas: NIPSCO
      • Sewer: City
      • Water: City, Fort Wayne City Utilities

      Community & HOA

      Community
      • Subdivision: Lakeside Park
      Location
      • Region: Fort Wayne

      Financial & listing details

      • Tax assessed value: $321,400
      • Annual tax amount: $7,341
      • Date on market: 5/12/2026
      • Listing terms: Cash,Conventional
      • Inclusions: Building, Land, Lease
      • Lease term: Month To Month
      • Total actual rent: 47244
      • Tenant pays: Electricity

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        6/14/2026Pending sale$309,000
        Source: IRMLS #202617711 Report a problem
        5/12/2026Listed for sale$309,000-3.4%
        Source: IRMLS #202617711 Report a problem
        4/27/2026Listing removed$320,000
        Source: IRMLS #202540712 Report a problem
        2/9/2026Listed for sale$320,000
        Source: IRMLS #202540712 Report a problem
        1/3/2026Pending sale$320,000
        Source: IRMLS #202540712 Report a problem
        10/8/2025Listed for sale$320,000+45.5%
        Source: IRMLS #202540712 Report a problem
        5/8/2023Sold$220,000+0%
        Source: IRMLS #202310714 Report a problem
        4/13/2023Pending sale$219,900
        Source: IRMLS #202310714 Report a problem
        4/11/2023Listed for sale$219,900
        Source: IRMLS #202310714 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$4,355 +3.8%$321,400 +68.7%
        2024$4,197 +50.7%$190,500 +3.8%
        2023$2,785 +1.8%$183,600 +48.2%
        2022$2,735 +46.7%$123,900 +1.5%
        2021$1,864 +38.1%$122,100 +43.3%
        2020$1,350 -0.7%$85,200 +37.4%
        2019$1,359 -0.9%$62,000
        2018$1,372 +1.5%$62,000
        2017$1,351 +40%$62,000
        2016$965 +1%$62,000 +34.5%
        2014$956 +0.1%$46,100
        2013$955 +3.5%$46,100
        2011$922 $46,100
        2010-- $46,100 -44.3%
        2007-- $82,800 +15%
        2005-- $72,000
        2004-- $72,000 +93%
        2001-- $37,300
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: Northside

        Getting around

        52 / 100
        Somewhat Walkable
        47 / 100
        Some Transit
        51 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Forest Park
        • Middle: Lakeside
        • High: North Side
        • District: Fort Wayne Community

        Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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