4050 Wallace Avenue Indianapolis, IN $ 195,000
4050 Wallace Avenue
$ 195,000
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4050 Wallace Avenue

Indianapolis, IN, 46226
$ 195,000
Bedrooms3 Baths2.1 Sq 2,196

Monthly Estimate*

$ 1,347

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Single Family Home for sale in Indianapolis, IN

for $195,000 with 3 bedrooms and 2 full baths, 1 half bath. This 2,196 square foot home was built in 1958 on a lot size of 0.38.

Welcome to this beautifully updated 3-bedroom, 2.5-bath ranch designed for effortless living and easy entertaining. The inviting living room features a stunning double-sided fireplace that gracefully connects to the kitchen, creating a warm and seamless flow throughout the main living space. Kitchen highlights include rich butcher block countertops, ample cabinet space, and all appliances included for a true move-in-ready experience. The main floor features three comfortable bedrooms, including a primary suite complete with its own private half-bath. Downstairs, the fully finished basement dramatically expands your living area-featuring a second full bathroom-making it an ideal setup for a recreation room, home office, or guest quarters. Outdoors, enjoy morning coffee on the covered front porch, or host gatherings on the spacious backyard deck within the privacy of a fully fenced lawn.

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Single Family Active

Price

$ 195,000

Bedrooms

3

Full Bath

2

Half Bath

1

Property Type

Single Family

Taxes

$ 2,380

Style

Ranch,Traditional

Lot Size

0.38

Year Built

1958

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22113197

Features
Interior
Interior Amenities Built-in Features Pantry Wet Bar Wood Work Painted
Basement Daylight Finished
Total Fireplaces 1
Fireplace Features Two Sided
Basement (Y/N) Y
Half Baths 1
Laundry Features In Basement
Total Bedrooms 3
Below Grade Finished Area 1008
Main Level Bedrooms 3
Total Baths 3
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General
Heating Baseboard Natural Gas
Cooling Central Air
Possession Closing Negotiable
Appliances Dishwasher Gas Water Heater Electric Oven Refrigerator
Garage Spaces 2
Patio/Porch Features Covered Deck
Architectural Style Ranch Traditional
Construction Materials Stone
Year Built 1958
View Neighborhood
Township Washington
Levels One
Property Subtype Single Family Residence
Tax Year 2025
County Marion
New Construction N
Property Type Residential
HOA N
Subdivision Name Mendenhalls St Andrews
Facing Direction East
Garage Y/N Y
Total Rooms 10
Full Baths 2
Status Active
Directions GPS Friendly
High School Shortridge High School
City Indianapolis
High School District Indianapolis Public Schools
MLS Area 4903 - Marion - Washington
Lot Size Square Feet 16640
Property Attached Y/N N
Current Financing Conventional FHA VA
Property Condition Updated/Remodeled
Additional Parcels Y/N N
Standard Status Active
Tax Lot 38
Virtual Tour https://listings.indianaskypics.com/sites/enqbykgb/unbranded
Legal Description Mendenhalls St Andrews L38
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Exterior
Fencing Full
Parking Features Attached Asphalt
Lot Features Mature Trees Trees-Small (Under 20 Ft)
Water Source Public
Foundation Details Block
Spa N
Building Area Total 2196
Lot Size Acres 0.38
Waterfront Y/N N
Other Equipment None
Horse Amenities None
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* Excluded Features
List By
Highgarden Real Estate

Broker

Clyday@highgarden.com

Email

Affordability Calculator

$1,545
Per Month
87%
13%
0%
Monthly Principal & Interest
$1,347
Monthly Property Taxes
$198
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
Shortridge High School High School
Pricing History
DatePricePrice ChangeDescription
9/23/2026$195,000 -7.14% Price Down
9/15/2026$210,000 Listed Price

Map


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4050 Wallace Avenue, Indianapolis, IN, 46226 is a Single Family Home for sale at $195,000 with 2,196 sqft and a lot size of 0.38. 4050 Wallace Avenue has 3 bedrooms, 2.1 baths, and was built in 1958. The property's zip code is 46226 which is in Indianapolis, IN