Indianapolis Real Estate Index

Contact Red Door Real Estate

If you have any questions or need more detailed information, please feel free to contact me via phone at 317-RED-DOOR / 317-733-3667 or fill out the form to let us know how we can help with your real estate needs.

Phone: (317) 733-3667
Fax: (317) 663-0840

Refine your search...
Use the form below to narrow down your results
Hi There! Is this Your First Time?

Did you know if you Register you have access to free search tools including the ability to save listings and property searches? Did you know that you can bypass the search altogether and have listings sent directly to your email address? Check out our how-to page for more info.

Back to Results
$205,000 -

401 Wallace Avenue Indianapolis IN 46201

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

Spacious money-making duplex on the near east side of Indy! Both sides are occupied and on a Month to Month lease leaving the owner options to re-sign or make other plans. One tenant has been there since 2022. Each side rents for 1500. Seller has just put over 20k in improvements. Both units have central air. Two large bedrooms and 1.5 baths on each side. Unfinished basements with washer/dryer hookups. Professional property management in place. Nice street showing pride of ownership, in up-and-coming area. Close to downtown. Leases and ledgers available after accepted offer.

Follow ►
  • Subscribe to Our Blog RSS
Read More...

Property Details

Price: $205,000 Previously: $205,000 Originally: $210,000 Bathrooms: 0.00 MLS #: 22034837 Year Built: 1920 Township: Center Type: Residential Income Zip Code: 46201 City: Indianapolis Subdivision: Layman & Careys Irvington Park Add County: Marion School District: Indianapolis Public Schools

Interior Features

Interior Features:
  • Heating: Forced Air

Exterior Features

Exterior Features:
  • # Acres: 0.15

Listing Office: Pmi Indianapolis

Office Contact: pam@PMIindy.com

Similar Properties To: 401 Wallace Avenue, Indianapolis

$170,000

Layman & Careys Irvington Park Add
MLS® #:
22037439
Provider:
@properties
4918 E New York Street, Indianapolis
$219,999

Topps Garden Place
MLS® #:
22052866
Provider:
Witte Realty Group Llc
3114 N Capitol Avenue, Indianapolis
$210,000

Montrose
MLS® #:
22038494
Provider:
Compass Indiana, Llc
2026 Clay Street, Indianapolis
$239,000

Mccartys South Add
MLS® #:
22029785
Provider:
Ellsbury Commerical Group
1218 Union Street, Indianapolis
$199,900

No Subdivision
MLS® #:
22061914
Provider:
Ferris Property Group
7150 E 43rd Street, Indianapolis
$230,000

Emerleigh
MLS® #:
22049052
Provider:
@properties
1101 N Drexel Avenue, Indianapolis
$159,900

Tilford & Thrashers
MLS® #:
22048037
Provider:
Matlock Realty Group
137 S Sheridan Avenue, Indianapolis
$150,000

Tatman Manor
MLS® #:
22031350
Provider:
Pmi Indianapolis
4920 E 34th Street, Indianapolis

View all similar properties here

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 18th, 2025 at 9:41am EDT.

My Account

Log in, to view your saved searches and add to your favorite listings.

Sign Up Here For Your FREE Account

... So You Can:

  • View detailed property information
  • Print detailed property flyers
  • Save your searches & favorite homes
  • Inquire about a private showing
  • Map individual property locations
  • Share your favorite homes with friends
Interested In This Property?