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$206,500 -

841-843 Wallace Avenue Indianapolis IN 46201

-
Bedrooms
-
Baths
N/A
SQ. Feet
(Above Ground)
0.14
Acres

Turnkey investment opportunity in a charming historic neighborhood - this fully renovated one-bedroom duplex unit is not just a home, it's a fully operational furnished rental business. Currently operating as a successful mid-term rental with flexibility for short or long-term rental or rental arbitrage. Everything stays - furnishings, decor, Smart TVs, WiFi setup, keypad entry, Eufy doorbells and exterior security cameras - making this a seamless, income-producing acquisition from day one. The unit blends early 20th-century architectural charm with modern upgrades. Laminate flooring runs throughout, creating a cohesive and low-maintenance interior. The well-appointed living room offers a cozy seating area, while the dining space is perfect for intimate meals. Everything remains in the fully equipped kitchen including fridge, microwave, and stove. The spacious bedroom features a full-size bed, dresser, nightstands, and generous closet space. Bathroom includes a tub/shower combo and single vanity. Mechanical highlights include approximately 5-year-old roof (no known concerns). NOI:$31k This is an attractive cash-flowing asset. Conveniently located with easy access to I-65, I-465, and I-70, and just 20 minutes to Indianapolis International Airport. Near Kroger, dining, shopping, Brookside Park, and Ellenberger Park. Whether you're an investor, house hacker, or entrepreneur looking to acquire a furnished rental business with systems in place - this is a rare opportunity to step into immediate income.

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Property Details

Price: $206,500 Previously: $206,500 Originally: $206,500 Bathrooms: 0.00 MLS #: 22084573 Year Built: 1910 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: Window Unit(s)
  • Heating: Natural Gas

Exterior Features

Exterior Features:
  • Features: Lighting
  • Setting / Lot Description: Access, Sidewalks
  • # Acres: 0.14

Listing Office: Three Seventeen Collective

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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. © 2026 MIBOR Broker Listing Cooperative®. All rights reserved.

Listing information last updated on February 19th, 2026 at 3:28am EST.

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