841-843 Wallace Avenue, Indianapolis, IN 46201
- $206,500
- $206,500
- $206,500
- $206,500
Description
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.
Address
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Address: 841-843 Wallace Avenue
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City: Indianapolis
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State/county: IN
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Zip/Postal Code: 46201
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Area: Emerson Heights
Details
Updated on March 5, 2026 at 4:53 pm-
Property ID 22084573
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Price $206,500
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Land Area 0.14 Acres
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Garage Size x x
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Year Built 1910
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Property Type Duplex, Residential Income
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Property Status Active
Additional details
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Roof Shingle
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Cooling Window Unit(s)
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Heating Natural Gas
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County Marion
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Property Type Residential Income
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Parking Alley Access
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Architectural Style Bungalow
Features
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