• Property Type
  • Duplex, Residential Income
  • Sqft
  • Area Size
517 Wallace Avenue, Indianapolis, IN 46201
  • $245,000
  • $260,000

Description

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. 24×24 slab w/footing for garage build. Fenced in back yard. Both units are in good condition, leased below market to very long term tenants and with leases expiring Oct 31st 2025. 519 will be vacant in early November.

  • Address: 517 Wallace Avenue
  • City: Indianapolis
  • State/county: IN
  • Zip/Postal Code: 46201
  • Area: Emerson Heights

Details

Updated on October 24, 2025 at 5:06 am
  • Property ID 21991406
  • Price $245,000
  • Land Area 0.15 Acres
  • Garage Size x x
  • Year Built 1920
  • Property Type Duplex, Residential Income
  • Property Status Expired

Additional details

  • Roof Asphalt
  • Cooling Central Air
  • Heating Forced Air,Natural Gas
  • County Marion
  • Property Type Residential Income
  • Parking Alley Access,Concrete
  • Architectural Style Craftsman

Features

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Contact Information

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Preeti Chaggar

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