Updated Two-Story
For Sale
$189,900
Pending
405 Wallace Avenue, Indianapolis, IN 46201
Residential Income, Indianapolis, IN
Property SizeContact for details
Lot Size0.15 Acres
Days on Market109
Property Features for 405 Wallace Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Basement, Bathroom 1, Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 3
Basement
Daylight, Storage Space
Subdivision
Layman & Careys Irvington Park Add
Lot features
Not In Subdivision, Sidewalks, Street Lights, Mature Trees
Elementary school district
Indianapolis Public Schools
Middle school district
Indianapolis Public Schools
High school district
Indianapolis Public Schools
Directions
GPS Friendly
Standard status
Pending
APN
491004144054000101
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Layman & Careys Irv Pk Add L74
Tax Annual Amount
1806
Legal Description
Layman & Careys Irv Pk Add L74
Utilities
Heating system
Forced Air
Cooling system
Separate Meters, Window Unit(s)
Amenities
basement storage
laundry hookups
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Building materials
Vinyl With Brick
Roof type
Shingle
Architectural style
Craftsman
Listing Agency:
RE/MAX Advanced Realty · RE/MAX International
(317) 298-0961
Listed By:
Michael Carter · License #RB14046097
(317) 966-3483
Added: Jul 1
Changed: Oct 16
Last Checked: Oct 17 at 10:06AM
MLS# 22110873
Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
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This Craftsman duplex, built in 1920, includes two residential units with complementary layouts. Each side has a full basement with storage space and laundry hookups, along with original hardwood flooring that has been refinished. Main-level rooms include living and dining areas, while the upper floors provide bedrooms and updated bathrooms. A one-car garage sits off the rear alley.
Property improvements include a shingle roof and chimney replacement completed in 2024, new furnaces serving the 405 and 407 sides in 2020 and 2021, major electrical work in October 2023, and new siding installed in 2020. Doors and baseboards on the 405 side were painted in 2026. The duplex is located at 405 Wallace Avenue in Indianapolis, near the Bosart Brown neighborhood, Irvington, and downtown Indianapolis.
Property improvements include a shingle roof and chimney replacement completed in 2024, new furnaces serving the 405 and 407 sides in 2020 and 2021, major electrical work in October 2023, and new siding installed in 2020. Doors and baseboards on the 405 side were painted in 2026. The duplex is located at 405 Wallace Avenue in Indianapolis, near the Bosart Brown neighborhood, Irvington, and downtown Indianapolis.
Key Highlights
- Two‑story duplex with two residential units
- Full basement on each side with storage and laundry hookups
- New roof and chimney replacement completed in 2024
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
503
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate units feature full basements, laundry hookups, refinished hardwood floors, and updated upstairs bathrooms.
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‑story duplex with two residential units; Full basement on each side with storage and laundry hookups; New roof and chimney replacement completed in 2024
