3901 Wallace Ave

Indianapolis IN 46226

1047 sq. ft.

15682 sq. ft.

Single-Family

Last sold for $55,000

Antonio Lisenbee, last sold this property on 12 June 2026 after 42 days on market.

Overview

Attention investors, builders, and developers! This .36-acre corner lot at 3901 Wallace Ave offers incredible potential in an area seeing consistent growth and revitalization. With its generous size and corner positioning, this property presents multiple development possibilities. Currently zoned D-3, the lot may support a variety of residential uses (buyer to verify), including the potential for a duplex on a corner lot or a strategic lot split for new construction. The size and layout provide flexibility for those looking to maximize value through redevelopment. Surrounded by established homes and convenient access to major roads, schools, shopping, and downtown Indianapolis, this location makes for a strong long-term investment or build opportunity.

Features

2 bedrooms

1 bathroom

1047 sq. ft. floor area

15682 sq. ft. lot size

Single-Family

Estimated Value

Based on this property and similar 2 bedroom single-family properties sold in Indianapolis over the last 12 months, the estimated median property value of 3901 Wallace Ave is $136.5k.

Median value

$136.5k

Estimated value range

$50k - $200k

Median days on market

Estimated value trend

increase over the last 12 months

Average days on market is based on recent, comparable sales in Indianapolis. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 3901 Wallace Ave

2026

Sold

$55,000

12 Jun 2026 by Antonio Lisenbee, of Scott Estates

2016

Sold

$15,000

16 Feb 2016 by Paula Henry, of Re/Max Ability Plus

Happy sellers in Indianapolis

We have insufficient information to provide an overview of customer satisfaction for Indianapolis. Viewing the agent profiles, reviews and sales for Indianapolis can provide insights for this location.