$206,500

841-843 Wallace Avenue, Indianapolis, IN 46201

Duplex
Built in 1910
6,098sqft lot
—— car garage
$——/sqft
Listed 22 days ago

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.

Listing Status:: Active
Data Last Updated:: March 11, 2026 at 1:18PM
Listing Office:: Three Seventeen Collective : 317-366-4983
Listing Agent:: Ashley Wright : 317-366-4983
MLS ID:: 22084573

Laundry: Connections AllIn Basement
A/C: Window Unit(s)
Heating: Natural Gas

General: Lighting
Style: Bungalow
Parking: Alley Access

Roofing: Shingle
General: One

Road/Access: City Street
Originating MLS: mibor
School District: Indianapolis Public Schools
County: Marion

Zoning: Emerson Heights North Sec L34 B12491004128027000101
Fencing: Partial
Current Use: Residential

Source: mibor

This listing courtesy of Ashley Wright , Three Seventeen Collective

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Ralph W. Emerson Elementary School 58

321 N Linwood Ave, Indianapolis, IN, 46201

Grades PK-6

0.53 miles away

H. L. Harshman Magnet Middle School

1501 E 10th St, Indianapolis, IN, 46201

Grades 7-8

2.32 miles away

Arsenal Technical High School

1500 E Michigan St, Indianapolis, IN, 46201

Grades 9-12

2.47 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.