Pending

$309,000

1011 Lake Ave, Fort Wayne, IN 46805

4beds

2,300sqft

N/A

Get pre-qualified

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.

113 days
250
10

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

Price history

Date	Event	Price
8/11/2026	Pending sale	$309,000
Source: IRMLS #202617711 Report a problem
7/17/2026	Listed for sale	$309,000
Source: IRMLS #202617711 Report a problem
6/14/2026	Pending sale	$309,000
Source: IRMLS #202617711 Report a problem
5/12/2026	Listed for sale	$309,000-3.4%
Source: IRMLS #202617711 Report a problem
4/27/2026	Listing removed	$320,000
Source: IRMLS #202540712 Report a problem
2/9/2026	Listed for sale	$320,000
Source: IRMLS #202540712 Report a problem
1/3/2026	Pending sale	$320,000
Source: IRMLS #202540712 Report a problem
10/8/2025	Listed for sale	$320,000+45.5%
Source: IRMLS #202540712 Report a problem
5/8/2023	Sold	$220,000+0%
Source: IRMLS #202310714 Report a problem
4/13/2023	Pending sale	$219,900
Source: IRMLS #202310714 Report a problem
4/11/2023	Listed for sale	$219,900
Source: IRMLS #202310714 Report a problem

Public tax history

Year	Property taxes	Tax 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