Skip to content

4050 Wallace Avenue

Indianapolis, IN 46226

ActiveListed Sep 15, 2026 · 9 days on market

Key facts

Beds
3
Baths
2 full · 1 half
Living area
2,196 sqft
Lot
0.38 acres
Year built
1958
Type
Residential · Single Family Residence
Stories
One
Garage
2 spaces
MLS #
22113197
County
Marion
Subdivision
Mendenhalls St Andrews

About this home

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.

Description provided by the listing brokerage.

Interior

Appliances
DishwasherGas Water HeaterElectric OvenRefrigerator
Interior features
Built-in FeaturesPantryWet BarWood Work Painted
Kitchen
Kitchen Updated
Other rooms and areas
Utility Room
Basement
DaylightFinished
Fireplaces
1
Fireplace type
Two Sided
Laundry
In Basement
Rooms
10
Main-level bedrooms
3
Condition
Updated/Remodeled

Exterior

Patio and porch
CoveredDeck
Construction
Stone
Foundation
Block
Style
RanchTraditional
Parking and garage
AttachedAsphalt
Fencing
Full
View
Neighborhood

Systems

Heating
BaseboardNatural Gas
Cooling
Central Air
Water
Public

Lot and HOA

Lot features
Mature TreesTrees-Small (Under 20 Ft)

Schools

High school
Shortridge High School
School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$2,380 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$1,250per month, estimated
Principal and interest $983Property tax $198Insurance $68
20% · $39,000
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$195,000
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.