RateMyAgentGo to search
Back 841 Wallace Avenue
Off Market

841 Wallace Avenue

Indianapolis IN 46201

6098 sq. ft.
Duplex
Last sold for $182,000
Ashley WrightAshley Wright, last sold this property on 09 June 2026 after 110 days on market.

Overview

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.

Features

6098 sq. ft. lot size
Duplex

Estimated Value

Based on this property and similar duplexes sold in Indianapolis over the last 12 months, the estimated median property value of 841 Wallace Avenue is $191.25k.

Median value
$191.25k
Estimated value range
$20k - $650k
Median days on market
23
Estimated value trend
16%
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 841 Wallace Avenue

2026
Sold
$182,000
09 Jun 2026 by Ashley Wright, of Three Seventeen Collective

Happy sellers in Indianapolis

90%
90% of sellers in Indianapolis reported that their sale price either exceeded or met their price expectations.

Indianapolis stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Indianapolis over the last 12 months.

Local market activity for duplexes in Indianapolis

In the last 12 months, 169 duplexes similar to 841 Wallace Avenue, have been sold.

This represents a 43% decrease in duplexes sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Indianapolis

placeholder
Andres Rodriguez

Andres Rodriguez is a recommended agent for Indianapolis.  They have 3 local sales and collected 2 local reviews across the last 12 months.

  •   5   (7 reviews)
  •  2 Reviews in Indianapolis
  •  3 Sales in Indianapolis
View profile
placeholder
Summer Hudson

Sellers who recommend Summer Hudson have praised them for being local expert, clear communication, responsive, supportive, honest, patient, and great negotiation

  •   5   (225 reviews)
  •  2 Reviews in Indianapolis
  •  2 Sales in Indianapolis
View profile
placeholder
Virginia Iozzo

Virginia Iozzo is a recommended agent for Indianapolis.  They have 6 local sales and collected 1 local review across the last 12 months.

  •   5   (2 reviews)
  •  1 Review in Indianapolis
  •  6 Sales in Indianapolis
View profile
placeholder
Chas Schaffernoth

Chas Schaffernoth is an award winning recommended agent for Indianapolis.  They have 3 local sales and collected 1 local review across the last 12 months.

  •   5   (10 reviews)
  •  1 Review in Indianapolis
  •  3 Sales in Indianapolis
View profile
or
Skip the list and find your ideal agent to sell your propertyFind My Agent
RateMyAgent
Sales:
(619) 566-0008
Quick Links
© 2026 RateMyAgent
Privacy PolicyTerms & ConditionsLicensingSitemap