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$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.

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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

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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 Metropolitan Indianapolis Board of REALTORS®. All rights reserved.

Listing information last updated on May 13th, 2025 at 2:10pm EDT.

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