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517 Wallace Avenue, Indianapolis, IN 46201

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For Sale

$260,000

0.15 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • 0.2 acres
    Lot size

  • Over 50 Years Old
    Age

Explore this Property

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. 24x24 slab w/footing for garage build. Fenced in back yard. Both units are leased below market to very long term tenants with leases expiring Oct 31st 2025.
MLS# 21991406

Courtesy Of CityPlace Realty, LLC

(317) 662-4890

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Craftsman
  • Exterior Type
    Wood Siding
  • Heating System
    Forced Air
  • Lot Size
    0.15 Acres
  • Roof Type
    Asphalt
  • Rooms
    Basement

Map and Directions

Directions to 517 Wallace Avenue, Indianapolis, IN 46201

Home seller CENTURY 21 Scheetz

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Scheetz

(317) 814-5500
Learn More About Us

Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
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  • Hazard Insurance
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  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Copyright © 2025 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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