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601 Wallace Avenue

Indianapolis, IN 46201

ActiveListed May 13, 2026 · 103 days on market

Key facts

Beds
2
Baths
1 full · 1 half
Living area
1,128 sqft
Lot
0.07 acres
Year built
1915
Type
Residential · Single Family Residence
Stories
Two
MLS #
22101529
County
Marion
Subdivision
Emerson Heights
Total building area
1,576 sqft

About this home

Welcome to 601 Wallace Avenue. This 1915 Townhome is located on a picture-perfect street in the Emerson Heights neighbourhood. Open, versatile floorplan with low-maintenance LVP flooring throughout. Recent updates include basement waterproofing, French drain and sump pump, water heater and A/C. Tastefully updated kitchen and baths with convenient main floor laundry area- washer and dryer included. Private, fully fenced backyard features a newer deck, perfect for entertaining. Charming front porch. All you have to do is move in! Conveniently located minutes from Historic Irvington shops and restaurants with an easy clip to Downtown.

Description provided by the listing brokerage.

Interior

Appliances
DishwasherDryerGas Water HeaterElectric OvenRefrigeratorWasher
Interior features
Paddle Fan
Kitchen
Kitchen Updated
Basement
Unfinished
Laundry
Main Level
Windows
Vinyl Windows
Rooms
5

Exterior

Patio and porch
CoveredDeck
Construction
Vinyl Siding
Foundation
Block
Style
Traditional
Fencing
Full

Systems

Heating
ElectricForced AirGas
Cooling
Central Air
Water
Public
Utilities
Cable AvailableElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected

Lot and HOA

Lot features
Sidewalks

Schools

Elementary school
Ralph Waldo Emerson School 58
High school
Arsenal Technical High School
School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$1,310 / yearTwice the semi-annual installment the listing reports.
Tax year
2024

Estimate your monthly payment

$1,015per month, estimated
Principal and interest $847Property tax $109Insurance $59
20% · $33,600
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.

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Listed at$168,000
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