841-843 Wallace Avenue, Indianapolis, IN 46201
Local realty services provided by:Schuler Bauer Real Estate ERA Powered
841-843 Wallace Avenue,Indianapolis, IN 46201
$185,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Pending
Listed by: ashley wright
Office: three seventeen collective
MLS#:22084573
Source:IN_MIBOR
Price summary
- Price:$185,000
About this home
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....
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Home facts
- Year built:1910
- Listing ID #:22084573
- Added:93 day(s) ago
- Updated:May 23, 2026 at 07:28 AM
Rooms and interior
- Basement:Yes
- Basement Description:Basement
Heating and cooling
- Cooling:Window Unit(s)
Structure and exterior
- Roof:Shingle
- Year built:1910
- Lot area:0.14 Acres
- Lot Features:Sidewalks
- Architectural Style:Bungalow
- Construction Materials:Aluminum Siding
- Exterior Features:Lighting
Utilities
- Water:Water
Finances and disclosures
- Price:$185,000
Features and amenities
- Appliances:Smoke Alarm
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