Updated Two-Story
For Sale
$189,900
405 Wallace Avenue, Indianapolis, IN 46201
Two-story income property with separate utilities, full basements, hardwood floors, and a detached alley-access garage.
Property Size6,403 SF
Price / SF$29.66
Days on Market66
Property Features for 405 Wallace Avenue
General Information
Standard status
Active
Size
6,403 SF
Total Parking Spaces
1
Property subtype
Residential Income / Duplex
Additional Details
Multifamily Units
2
Amenities
laundry hookups
Two
Separate Meters, Window Unit(s)
Forced Air
4
Yes
2
In Basement
Daylight, Storage Space
Shingle
Not Applicable
Block
Vinyl With Brick
Building Details
Year Built
1920
Buildings
1
Stories
2
Listing Agency:
RE/MAX Advanced Realty
(317) 298-0961
Listed By:
Michael Carter · License #RB14046097
(317) 298-0961
Source:
Compass
Added: Jun 27
Changed: Aug 31
Last Checked: Aug 31 at 12:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Advanced Realty
Investment Insights
Based on property information with market context.
This two-story duplex contains two separate units, each with original refinished hardwood flooring, generous living and dining areas, updated upstairs bathrooms, and well-sized bedrooms. Both residences include full basements with storage areas and laundry hookups. Separate meters support independent utility management, while forced-air furnaces serve the units. A one-car garage sits off the rear alley and is used by the resident of 407 Wallace Avenue under a separate rental arrangement.
Recent property work includes a roof replacement and chimney replacement in 2024, furnace installations for the 405 and 407 sides in 2020 and 2021, major electrical improvements completed in October 2023, and new siding installed in 2020. Doors and baseboards at 405 Wallace Avenue were painted in 2026. Built in 1920, the property is located in the Bosart Brown neighborhood, a short distance from Irvington and a few miles from downtown Indianapolis.
Recent property work includes a roof replacement and chimney replacement in 2024, furnace installations for the 405 and 407 sides in 2020 and 2021, major electrical improvements completed in October 2023, and new siding installed in 2020. Doors and baseboards at 405 Wallace Avenue were painted in 2026. Built in 1920, the property is located in the Bosart Brown neighborhood, a short distance from Irvington and a few miles from downtown Indianapolis.
Key Highlights
- Two separate duplex units with individual meters
- Full basement beneath each unit with storage and laundry hookups
- New roof and chimney replacement completed in 2024
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
503
Businesses Nearby
Explore this area
Business Placement
Demographics for 46201, IN
31,408
Population
17,145
Households
1.8
Avg Household Size
34
Median Age
26%
College-Educated
78%
High-School Grad
5.6 sq mi
ZIP Area
5,609
Density / Sq Mi
$43,183
Median Household Income
$36,951
Median Earnings
$929
Median Rent
$150,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-story income property with separate utilities, full basements, hardwood floors, and a detached alley-access garage.
Where is this duplex located?
The property is located at 405 Wallace Avenue Indianapolis, IN.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: Two separate duplex units with individual meters; Full basement beneath each unit with storage and laundry hookups; New roof and chimney replacement completed in 2024
