# 1027 Lake Avenue, Fort Wayne, IN 46805-4388

> **TL;DR:** 4bd/4ba residential multi family, $330,000 ($135/sqft), 2,448 sqft.
> Basement. Est. $1,430/mo. Listed 184 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $330,000 |
| Price/sqft | $135 |
| Bedrooms | 4 |
| Bathrooms | 4 full |
| Square Feet | 2,448 |
| Lot Size | 6,970 sqft (0.16 acres) |
| Stories | 3 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 184 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,430 |
| **Total** | **$1,430** |

## Nearby Schools

- **Elementary:** Forest Park
- **Middle:** Lakeside
- **High:** North Side

## Key Amenities

- Basement

## Property Highlights

- 0.16 acre lot
- 2.5 stories

## Description

### Agent 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.

## Location

- **Address:** 1027 Lake Avenue, Fort Wayne, IN 46805-4388
- **County:** Allen County
- **Neighborhood:** Lakeside Park
- **Coordinates:** 41.086063, -85.126398
- **Google Maps:** https://www.google.com/maps?q=41.086063,-85.126398

## Listing Agent

- **Name:** Rachel Morgan-Hamilton
- **Brokerage:** Beach Vibes Realty
- **Phone:** 2604946154
- **Email:** rachelmh.realty@gmail.com

## Primary Photo

![1027 Lake Avenue - Primary Photo](http://lh.rdcpix.com/751033ca01f3101a1a26d35639d18b6cl-f3099130269r.jpg)

*36 total photos available on [listing page](https://www.propertysimple.com/listing/1027-lake-avenue-fort-wayne-in-46805-4388-02540713)*

---

**MLS#:** 202540713 | **Updated:** 2026-04-27
**Source:** listhub

*Copyright © 2026 Upstate Alliance of REALTORS® Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/1027-lake-avenue-fort-wayne-in-46805-4388-02540713)

---

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