517 Wallace Avenue, Indianapolis, IN 46201
- Added:
- Mar 18, 2026
- Days on Market:
- 89
- Last Refresh:
- Jun 14 at 12:06 am
Property Features for 517 Wallace Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- Alley
- Basement
- Partial, Unfinished
- Standard status
- Pending
- APN
- 491004101007000101
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- Emerson Heights 2nd Sec L28 B4
Utilities
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Wood Siding
- Roof type
- Asphalt
- Architectural style
- Craftsman
Listing agent Cory Robinson License #RB17001811 (317) 662-4890
Listing office CityPlace Realty Shelby St 2025, Indianapolis, IN (317) 662-4890
Listing date Mar 18, 2026
Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Spacious 2‑bedroom Emerson Heights duplex with two units, both with similar floor plans
- Both units have 2 bedrooms and 1.5 bathrooms, plus partial basements
- Occupied long‑term tenant in one unit; other unit is vacant and rent ready
- Renovated to the studs in the early 2000s with updated plumbing and electric
- Major systems updated: newer HVAC, roof, and gutters completed in 2023
- Wood siding exterior with central air, natural gas forced‑air heat, asphalt roof; large concrete parking pad and back deck
Overview
The property is located at 517 Wallace Avenue in Indianapolis, Indiana, within Marion County. Public remarks indicate the home is within walking distance of a local park and bike trails, with convenient access to downtown and Irvington.
As currently presented, one unit is occupied by a long-term tenant, while the second unit is vacant and rent ready. The home was renovated to the studs in the early 2000s, and major systems and components have been updated, including plumbing and electrical work. Additional recent improvements include newer HVAC, along with a roof and gutters completed in 2023, supporting straightforward ongoing property operation for an owner-occupant or landlord. The combination of matching unit layouts, dedicated exterior space, and documented updates may appeal to tenants seeking a conventional duplex setup or buyers looking for a manageable two-unit configuration.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Hamilton
- State
- Indiana
- Longitude
- -86.088588
- Latitude
- 39.775414
