Skip to content

1539 Wade Street

Indianapolis, IN 46203

PendingListed Jan 21, 2026 · 202 days on market

Key facts

Beds
3
Baths
2 full
Living area
1,491 sqft
Lot
0.12 acres
Year built
1935
Type
Residential · Single Family Residence
Stories
One
Garage
1 space
MLS #
22079795
County
Marion
Subdivision
D M Bradbury & Cos Southeast
Total building area
2,640 sqft

About this home

Investor Opportunity in Bean Creek - East of Garfield Park! This property offers a strong value-add opportunity for investors looking to build equity through light rehab. Located in the desirable Bean Creek area just east of Garfield Park, this home presents multiple exit strategies-ideal as a long-term rental or a flip, depending on your investment goals. The home features an enclosed front porch that adds usable square footage and year-round appeal. Inside, a spacious living room flows into a formal dining area, creating a functional layout with good bones. The kitchen has already seen updates and offers ample cabinet space, providing a solid foundation for further improvements. Existing appliances include a refrigerator, stove, and dishwasher. A notable highlight is the presence of 3 bedrooms and 2 full bathrooms, a valuable feature that enhances rental potential and resale value. The home also includes a dedicated laundry room with washer and dryer hookups. Sold As-Is, this property is well-positioned for investors seeking a rehab project with upside in a growing area. With the right vision, this home can be transformed into a strong income-producing asset or a profitable resale.

Description provided by the listing brokerage.

Interior

Appliances
Gas CooktopDishwasherElectric Water HeaterRefrigerator
Interior features
Pantry
Rooms
8
Main-level bedrooms
3

Exterior

Construction
Aluminum Siding
Foundation
Brick/Mortar
Style
Ranch
Parking and garage
Detached

Systems

Heating
Forced AirNatural Gas
Cooling
Central Air
Water
Public

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$2,454 / yearTwice the semi-annual installment the listing reports.
Tax year
2024

Estimate your monthly payment

$744per month, estimated
Principal and interest $504Property tax $205Insurance $35
20% · $20,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

Talk to a lender we trust
Talk to Roots

Want us to run the numbers with you?

Book a consultation and a Roots agent will help you pressure-test the payment, repairs, resale, and rent.

Listed at$100,000
Talk to Roots

Ready to plant roots in Indianapolis?

Book a consultation and a Roots agent will help you turn the next move into a real plan.