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    • $295,000

    1011 Lake Ave, Fort Wayne, IN 46805

    4beds
    2,300sqft
    Quadruplex
    Built in 1905
    -- sqft lot
    $295,100 Zestimate®
    $--/sqft
    $810 Estimated rent

    Home value

    $295,100

    $277,000 - $316,000

    $810/mo

    Zestimate® history
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    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Richard Rutledge Cell:260-267-8220,

    Trueblood Real Estate, LLC.

    Bought with:

    Patrick Gillan, RB14037479

    Antrim Group

    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

    Price history

    DateEventPrice
    9/17/2026Sold$295,000-4.5%
    Source: IRMLS #202617711 Report a problem
    8/11/2026Pending sale$309,000
    Source: IRMLS #202617711 Report a problem
    7/17/2026Listed for sale$309,000
    Source: IRMLS #202617711 Report a problem
    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

    Neighborhood: Northside

    Nearby homes

    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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    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
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    +$5,902
    With Zillow Showcase(estimated)
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