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$245,000

Listing Price

2beds

--baths

966sqft

6,403sqft lot

517 Wallace Ave, Indianapolis, IN 46201

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Find Real Estate Bargain!

  • Full foreclosure details

  • Home value, equity and ownership info

  • Find homes priced below market

  • Get full access with a FREE Account

Already a member?

For Sale

Multi-Family

Home type

--

Price / sqft

1920

Year built

Home Details

Attention investors and house hackers, rare opportunity to invest in an well-maintained Emerson Heights two bed, one and half bath duplex. Both units feature original hardwoods, tile tub surrounds, oak cabinets in kitchen & baths. New roof and gutters in 2022. Totally remodeled in early 2000s to the studs with all new copper supply, PVC drains and new 200amp service. Insulated exterior walls. Large private decks off each back door to make a large two bed feel even bigger. 24x24 slab w/footing for garage build. Fenced in back yard. Both units are in good condition, leased below market to very long term tenants and with leases expiring Oct 31st 2025. 519 will be vacant in early November.

Interior Details

Square Feet
  • 966

Bedrooms
  • 2

Bathrooms
  • N/A

Heating
  • Has Heating:

    Yes

  • Heating Type:

    Central

Cooling
  • Has Cooling:

    Yes

  • Cooling Type:

    None

Fuel
  • Has Fuel:

    No

  • Fuel Type:

    N/A

Basement
  • Has Basement:

    No

  • Basement Type:

    Full

Flooring
  • Has Flooring:

    No

  • Flooring Type:

    N/A

Fireplace
  • Has Fireplace:

    Yes

  • Fireplace Type:

    N/A

Property Details

Lot Size
  • 6403

Water
  • Yes

Sewer
  • Yes

Parking
  • Type:

    N/A

  • Location:

    N/A

  • Status:

    N/A

  • Number of Spaces:

    N/A

Deck
  • N/A

Patio
  • N/A

Fence
  • N/A

Pool
  • N/A

Porch
  • N/A

Stoop
  • N/A

Breezeway
  • N/A

Construction Details

Number of Stories
  • 2

Style
  • Duplex Single

Exterior
  • N/A

Foundation
  • N/A

Roof
  • N/A

Roofing Material
  • Asphalt

Tax History

Year

Amount

Land

Improvement

Percent Change

Assessment

2019

$1,244

$9,300

$76,200

--%

$85,500

2019

$1,244

$9,300

$66,800

--%

$76,100

2018

$1,134

$9,300

$59,000

--%

$68,300

2017

$939

$9,300

$53,400

--%

$62,700

2016

$493

$9,300

$47,500

--%

$56,800

2013

$1,459

$9,300

$51,000

--%

$60,300

2013

$1,459

$9,300

$60,900

--%

$70,200

2011

$1,227

$15,500

$43,300

--%

$58,800

percent-home-icon

Average Home Price in 46201

Nearby Properties

Zip Code

Price

Bed

Bath

Sqft

Lot

Sold Date

$--

4 Beds

-- Baths

1,068 Sqft

6,403 Lot (sqft)

Sold 09/29/2026

$--

4 Beds

-- Baths

840 Sqft

5,445 Lot (sqft)

Sold 10/05/2026

$--

4 Beds

-- Baths

1,101 Sqft

6,403 Lot (sqft)

Sold 10/05/2026

$--

6 Beds

-- Baths

1,068 Sqft

6,621 Lot (sqft)

Sold 10/05/2026

$245,000

2 Beds

-- Baths

966 Sqft

6,403 Lot (sqft)

Sold 09/29/2026

$--

2 Beds

-- Baths

1,008 Sqft

5,445 Lot (sqft)

Sold 09/29/2026

$--

2 Beds

-- Baths

899 Sqft

6,055 Lot (sqft)

Sold 10/06/2026

$--

2 Beds

-- Baths

1,005 Sqft

5,445 Lot (sqft)

Sold 10/06/2026

percent-home-icon

Calculators

Mortgage

Mortgage Calculator

Calculate your monthly mortgage payments.
Household Income
70,000
$
Home price
245,000
$
Down payment
49,000
$
Mortgage Rate
6.5
%
Loan Term
Property Tax Rate
1.1
%
Homeowner's Insurance (Annual)
1,470
$
HOA (Monthly)
0
$
PMI
0
$
$1,586
Your Payment
Total Monthly Payment:$1,586
Percent of Income:27%
Affordable:Yes

Details for 517 WALLACE AVE

Property Debt

Foreclosure Contact Details