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
$255,000 -

517 Wallace Avenue Indianapolis IN 46201

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

Check out this spacious two bedroom Emerson Heights duplex! One unit is occupied with a long term tenant and the other is vacant and rent ready. Makes as a great long term rental or house hack it and enjoy the mid-town life. Both units are two bedroom with one and half bathrooms, similar floor plans with partial basements and have large concrete parking pad and deck on the back. Renovated to the studs in the early 2000's, this home features updated plumbing, electric, newer HVAC, roof and gutters all done in 2023. A short walk to the local park and bike trails so you can quickly be downtown or in Irvington. Book your showing today!

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

Property Details

Price: $255,000 Previously: $255,000 Originally: $255,000 Bathrooms: 0.00 MLS #: 22088557 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:
  • # Acres: 0.15

Listing Office: Cityplace Realty

Similar Properties To: 517 Wallace Avenue, Indianapolis

$199,000

Emerson Heights
MLS® #:
22084573
Provider:
Three Seventeen Collective
841-843 Wallace Avenue, Indianapolis
$214,900

Emerson Heights
MLS® #:
22034379
Provider:
Defusco Realty And Property Se
625/627 N Wallace Avenue, Indianapolis
$180,000

Shannon Park
MLS® #:
22082060
Provider:
White Stag Realty, Llc
813 N Denny Street, Indianapolis
$325,000

Reagan Park
MLS® #:
22075538
Provider:
Mark Dietel Realty, Llc
2321 Guilford Avenue, Indianapolis
$195,000

Columbia Place
MLS® #:
22032052
Provider:
Keller Williams Indy Metro S
505 W 40th Street, Indianapolis
$314,900

Tuxedo Park
MLS® #:
22089377
Provider:
@properties
126-128 N Colorado Avenue, Indianapolis
$329,500

Osgoods 1st Central Ave Add
MLS® #:
22019568
Provider:
Trueblood Real Estate
3102-3104 Central Avenue, Indianapolis
$209,900

Somerset
MLS® #:
22085059
Provider:
Realty World Indy
3302 Alice Avenue, 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. © 2026 MIBOR Broker Listing Cooperative®. All rights reserved.

Listing information last updated on March 19th, 2026 at 3:14pm 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?