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$260,000 -

517 Wallace Avenue Indianapolis IN 46201

-
Bedrooms
-
Baths
N/A
SQ. Feet
(Above Ground)
0.15
Acres

Attention investors and house hackers, rare opportunity to invest in an well-maintained Emerson Heights two bed, one and half bath duplex. Both units feature original hardwoods, tile tub surrounds, oak cabinets in kitchen & baths. New roof and gutters in 2022. Totally remodeled in early 2000's to the studs with all new copper supply, PVC drains and new 200amp service. Insulated exterior walls. Large private decks off each back door to make a large two bed feel even bigger. 24x24 slab w/footing for garage build. Fenced in back yard. Both units are leased below market to very long term tenants with leases expiring Oct 31st 2025.

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Property Details

Price: $260,000 Previously: $260,000 Originally: $260,000 Bathrooms: 0.00 MLS #: 21991406 Year Built: 1920 Township: Center Type: Residential Income Zip Code: 46201 City: Indianapolis Subdivision: Emerson Heights County: Marion School District: Indianapolis Public Schools

Interior Features

Interior Features:
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas

Exterior Features

Exterior Features:
  • Features: Barn Mini
  • # Acres: 0.15

Listing Office: Cityplace Realty

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All information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing. All Information believed to be reliable but not guaranteed and should be independently verified. © 2025 MIBOR Broker Listing Cooperative®. All rights reserved.

Listing information last updated on September 11th, 2025 at 11:57am EDT.

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