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3352 Wallace Avenue

Indianapolis, IN 46218

ActiveListed Jul 22, 2026 · 90 days on market

Key facts

Beds
2
Baths
1 full
Living area
837 sqft
Lot
0.16 acres
Year built
1946
Type
Residential · Single Family Residence
Stories
One
Garage
1 space
MLS #
22115867
County
Marion
Subdivision
No Subdivision
Total building area
1,562 sqft

About this home

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.

Description provided by the listing brokerage.

Interior

Flooring
Hardwood
Basement
Storage Space
Rooms
6
Main-level bedrooms
2

Exterior

Construction
Vinyl Siding
Foundation
Concrete Perimeter
Style
Traditional
Parking and garage
Detached

Systems

Heating
Natural Gas
Cooling
Central Air
Water
Public

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$1,674 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$571per month, estimated
Principal and interest $403Property tax $140Insurance $28
20% · $16,000
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.

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Listed at$80,000
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