3352 Wallace Avenue, Indianapolis, IN 46218

• 2 beds |
• 1 bath |
• 837 sqft

Property Description

Charming 2-bedroom, 1-bathroom single-family home offering a comfortable layout with plenty of space both inside and out. The home features additional basement space ideal for entertaining, recreation, or storage, along with large front and back yards providing room to relax, play, or host gatherings. A detached one-car garage includes a large attached covered side porch on a concrete slab, creating additional outdoor living space and functionality. Recent updates include a new A/C unit and furnace installed in July 2025. The home is currently occupied by a long-term tenant who has been in place since 2019, providing immediate rental income for an investor or a potential opportunity for an owner-occupant looking for future flexibility. The current rent is below market value, offering the ability to increase rents and capture additional income through a market-rate adjustment.

Listing Status:

Active

Data Last Updated:

July 27, 2026 at 1:20AM

Listing Office:

Rize Commercial Realty LLC : 317-657-9985

Listing Agent:

Karanjod Cheema : 317-657-9985

MLS ID:

22115867

Interior

• General: Hardwood Floors
• Appliances: Other
• Basement: Storage Space
• A/C: Central Air
• Heating: Natural Gas

Exterior

• Style: Traditional
• Parking: Detached

Construction

• General: OneConcrete Perimeter

Location

• Originating MLS: mibor
• School District: Indianapolis Public Schools
• County: Marion

Lot

• Zoning: Forest Manor Sec C L1043490721127223000101

Utilities

• Water: Public

Financial

• Source: mibor