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    • $285,000

    1027 Lake Ave, Fort Wayne, IN 46805

    4beds
    2,448sqft
    Quadruplex
    Built in 1900
    -- sqft lot
    $285,100 Zestimate®
    $--/sqft
    $824 Estimated rent

    Home value

    $285,100

    $268,000 - $305,000

    $824/mo

    Zestimate® history
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    What's special

    Updated paintRehabbed units
    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.

    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#: 202617710MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Hot Water
    Cooling
    • Window Unit(s)
    Features
    • Flooring: Carpet, Vinyl
    • Basement: Full,Unfinished
    Interior area
    • Total structure area: 3,574
    • Total interior livable area: 2,448 sqft
    • Finished area above ground: 2,448
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 6
    • Parking features: Off Street, On Street
    • Has uncovered spaces: Yes
    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 6,969 Square Feet
    • Dimensions: 45X150
    • Features: Level, City/Town/Suburb
    Details
    • Additional structures: None
    • Parcel number: 021201135020.000074

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    Materials
    • Wood Siding
    • Foundation: Basement
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1900

    Utilities & green energy

    • Electric: Indiana Michigan Power
    • 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: $272,200
    • Annual tax amount: $6,125
    • Date on market: 5/12/2026
    • Listing terms: Cash,Conventional
    • Inclusions: Building, Land, Lease
    • Lease term: Month To Month
    • Total actual rent: 44628
    • Tenant pays: None

    Price history

    DateEventPrice
    9/17/2026Sold$285,000-1.4%
    Source: IRMLS #202617710 Report a problem
    8/11/2026Pending sale$289,000
    Source: IRMLS #202617710 Report a problem
    7/17/2026Listed for sale$289,000
    Source: IRMLS #202617710 Report a problem
    6/14/2026Pending sale$289,000
    Source: IRMLS #202617710 Report a problem
    5/12/2026Listed for sale$289,000-12.4%
    Source: IRMLS #202617710 Report a problem
    4/27/2026Listing removed$330,000
    Source: IRMLS #202540713 Report a problem
    10/8/2025Listed for sale$330,000+79.3%
    Source: IRMLS #202540713 Report a problem
    7/14/2023Sold$184,000-8%
    Source: IRMLS #202312558 Report a problem
    6/9/2023Pending sale$199,900
    Source: IRMLS #202312558 Report a problem
    5/26/2023Price change$199,900-2.4%
    Source: IRMLS #202312558 Report a problem
    5/8/2023Price change$204,900-2.4%
    Source: IRMLS #202312558 Report a problem
    4/27/2023Pending sale$209,900
    Source: IRMLS #202312558 Report a problem
    4/24/2023Listed for sale$209,900
    Source: IRMLS #202312558 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,355 +20.6%$272,200 +42.9%
    2024$3,610 +29.6%$190,500 +20.6%
    2023$2,785 +1.8%$157,900 +27.4%
    2022$2,735 +46.7%$123,900 +1.5%
    2021$1,864 +61.5%$122,100 +43.3%
    2020$1,154 -0.7%$85,200 +60.8%
    2019$1,162 -0.9%$53,000
    2018$1,172 +1.5%$53,000
    2017$1,155 +5.5%$53,000
    2016$1,095 +0.7%$53,000 +1.3%
    2014$1,087 +0.1%$52,300
    2013$1,086 +3.8%$52,300
    2011$1,046 $52,300
    2010-- $52,300 -32.4%
    2007-- $77,400 +166.9%
    2001-- $29,000
    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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    With Zillow Showcase(estimated)
    $290,802
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
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    +$5,702
    With Zillow Showcase(estimated)
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