841-843 Wallace Avenue, Indianapolis, IN 46201
  • $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: 841-843 Wallace Avenue
  • City: Indianapolis
  • State/county: IN
  • Zip/Postal Code: 46201
  • Area: Emerson Heights

Details

Updated on March 5, 2026 at 4:53 pm
  • Property ID 22084573
  • Price $206,500
  • Land Area 0.14 Acres
  • Garage Size x x
  • Year Built 1910
  • Property Type Duplex, Residential Income
  • Property Status Active

Additional details

  • Roof Shingle
  • Cooling Window Unit(s)
  • Heating Natural Gas
  • County Marion
  • Property Type Residential Income
  • Parking Alley Access
  • Architectural Style Bungalow

Features

Mortgage Calculator

Contact Information

View Listings
Preeti Chaggar

Enquire About This Property

0 Review

Sort by:
Leave a Review

Leave a Review

Compare listings

Compare