841-843 Wallace AVE, Indianapolis, IN 46201
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841-843 Wallace AVE, Indianapolis, IN 46201
841-843 Wallace AVE, Indianapolis, IN 46201
841-843 Wallace AVE, Indianapolis, IN 46201
841-843 Wallace AVE, Indianapolis, IN 46201
Listed by Ashley Wright • Three Seventeen Collective

$182,000

Est. payment /mo

$185,000

1.6%
Est.Price: ?

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841-843 Wallace AVE Indianapolis, IN 46201

6,098 Sqft Lot

SOLD DATE : 06/09/2026

Key Details

Sold Price $182,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Subdivision Emerson Heights

MLS Listing ID 22084573

Sold Date 06/09/26

Year Built 1910

Tax Year 2024

Lot Size 6,098 Sqft

Acres 0.14

Property Sub-Type Duplex

Property 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.

Location

State IN

County Marion

Interior

Heating Natural Gas

Cooling Window Unit(s)

Equipment Smoke Alarm

Fireplace N

Exterior

Exterior Feature Lighting

Roof Type Shingle

Building

Story One

Architectural Style Bungalow

Structure Type Aluminum Siding

New Construction false

Schools

School District Indianapolis Public Schools

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MIBOR MLS

NEARBY SCHOOLS & BUSINESSES

James Wilson

James Wilson

Broker | License ID: RB14027290

+1(317) 289-5969

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