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Property is located on the right side of the one-way road (Lake Ave) heading west, towards downtown, and is marked well with signage.

Description

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.

Details

  • Property Details

  • MLS #:
    202617711
  • Price
    $309,000
  • Bedrooms
    4
  • Baths Total
    4
  • Full Baths
    4
  • Half Baths
    0
  • Approx. Lot Size Acres
    0.16
  • Approx. Lot Size SqFt
    6,750
  • Class
    Investment
  • DOM
    2
  • Lot Dimensions
    45X150
  • New Construction
    No
  • Parcel ID#
    02-12-01-135-016.000-074
  • Property Sub-Type
    Fourplex
  • State
    IN
  • Style
    Two Story
  • Subdivision
    Lakeside Park
  • Total Finished SqFt
    2,300
  • Total SqFt
    3,412
  • Year Built
    1905
  • Zip
    46805-4398
  • Interior Features

  • Below Grade Finished SqFt
    0
  • Other Features

  • Pool Y/N
    No
  • Waterfront Y/N
    No

Last updated: May 30 2026, 6:12 AM

Listing courtesy of: Richard Rutledge, Trueblood Real Estate, LLC.

IDX information provided by the Indiana Regional MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified.

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