3352 Wallace Avenue Indianapolis, IN $ 86,000
3352 Wallace Avenue
$ 86,000
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3352 Wallace Avenue

Indianapolis, IN, 46218
$ 86,000
Bedrooms2 Baths1.0 Sq 1,562

Monthly Estimate*

$ 594

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Single Family Home for sale in Indianapolis, IN

for $86,000 with 2 bedrooms and 1 full bath. This 1,562 square foot home was built in 1946 on a lot size of 0.16.

Charming 2-bedroom, 1-bathroom single-family home offering a comfortable layout with plenty of space both inside and out. The home features additional basement space ideal for entertaining, recreation, or storage, along with large front and back yards providing room to relax, play, or host gatherings. A detached one-car garage includes a large attached covered side porch on a concrete slab, creating additional outdoor living space and functionality. Recent updates include a new A/C unit and furnace installed in July 2025. The home is currently occupied by a long-term tenant who has been in place since 2019, providing immediate rental income for an investor or a potential opportunity for an owner-occupant looking for future flexibility. The current rent is below market value, offering the ability to increase rents and capture additional income through a market-rate adjustment.

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Single Family Active

Price

$ 86,000

Bedrooms

2

Full Bath

1

Property Type

Single Family

Taxes

$ 1,674

Style

Traditional

Lot Size

0.16

Year Built

1946

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22115867

Features
General
Heating Gas
Cooling Central Air
Possession Closing Subject To Tenant Rights
Appliances Other
Garage Spaces 1
Architectural Style Traditional
Construction Materials Vinyl Siding
Year Built 1946
Township Center
Levels One
Property Subtype Single Family Residence
Tax Year 2025
County Marion
New Construction N
Property Type Residential
HOA N
Subdivision Name No Subdivision
Garage Y/N Y
Total Rooms 6
Full Baths 1
Status Active
Directions GPS Friendly
City Indianapolis
High School District Indianapolis Public Schools
MLS Area 4910 - Marion - Center
Lot Size Square Feet 6882
Property Attached Y/N N
Standard Status Active
Tax Lot 49-07-21-127-223.000-101
Legal Description Forest Manor Sec C L1043
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Interior
Basement Storage Space
Basement (Y/N) Y
Half Baths 0
Total Bedrooms 2
Below Grade Finished Area 0
Main Level Bedrooms 2
Total Baths 1
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Exterior
Parking Features Detached
Water Source Public
Foundation Details Concrete Perimeter
Building Area Total 1562
Lot Size Acres 0.16
Horse Amenities None
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* Excluded Features
List By
Rize Commercial Realty Llc

Broker

karancheemaindy@gmail.com

Email

Affordability Calculator

$733
Per Month
81%
19%
0%
Monthly Principal & Interest
$594
Monthly Property Taxes
$140
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4044905 Elementary School
4044909 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/7/2026$86,000 -2.27% Price Down
8/18/2026$88,000 -1.12% Price Down
7/22/2026$89,000 Listed Price

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3352 Wallace Avenue, Indianapolis, IN, 46218 is a Single Family Home for sale at $86,000 with 1,562 sqft and a lot size of 0.16. 3352 Wallace Avenue has 2 bedrooms, 1.0 baths, and was built in 1946. The property's zip code is 46218 which is in Indianapolis, IN