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841-843 Wallace Avenue

Indianapolis, IN 46201
  • $185,000
  • STATUS: Pending
  • ON SITE: 88 Days
  • MLS #: 22084573
Under Contract
UPDATED: 177 min ago
$185,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1910
County:

School Ratings & Info

School District:

Description

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.

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© 2026 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or David Brenton's Team.

Based on information submitted to the MLS GRID as of 2026-05-18T00:24:56.643. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
www.davidbrentonsteam.com/homes/173168033
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841-843 Wallace Avenue Indianapolis, IN 46201

  • Price: $185,000
  • Status: Pending
  • On Site: 88 Days
  • Updated: 177 min ago
  • MLS #: 22084573
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1910
Built
Neighborhood:
Emerson Heights
County:
Marion
Area:
4910 - Marion - Center
School District:
Indianapolis Public Schools
Property Description
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.
Exterior Features

Architectural Style Bungalow Construction Materials Aluminum Siding Exterior Features Lighting Fencing Partial Levels One Lot Information AccessSidewalks Parking Features Alley Access Road Access Frontage Road Road Frontage Type City Street Road Surface Type Concrete Roof Shingle Structure Type Duplex Unit Parking On Street

Interior Features

Basement YN Yes Cooling Window Unit(s) Heating Natural Gas

Property Features

Acres <1/4 Acre Building Information Other Building Utilities Municipal Storm ConnectedWater Current Use Residential Dpr YN Yes Expenses 6600 Laundry Connections AllIn Basement Net Operating Income 30600 New Construction YN No Number Of Units Total 2 Other Equipment Smoke Alarm Possession Negotiable Possible Use Residential Property Condition Updated/Remodeled Property Sub Type Duplex Security Features Carbon Monoxide Detector(s)Smoke Detector(s) Semi Annual Property Tax Amt 1958 Solid Waste Yes Special Listing Conditions As Is Tax Exemption None Tax Year 2024 Township Center Transaction Type Sale

Listing provided courtesy of Three Seventeen Collective: . © 2026 Metropolitan Indianapolis Board of REALTORS®. Information Deemed Reliable But Not Guaranteed.


© 2026 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or David Brenton's Team.

Based on information submitted to the MLS GRID as of 2026-05-18T00:24:56.643. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
 
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Indianapolis IN, 46237