3352 Wallace Avenue, Indianapolis, IN 46218

$89,000
: 2
BD
: 1
BA
: 1,562
SqFt

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List Price: $89,000
MLS#: 22115867
Property Type: Residential
Bedrooms: 2
Bathrooms: 1
Sqft. of Residence: 1,562
Year Built: 1946
Days on Market: 5
Status: ACTIVE

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Property Description

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.

(765) 413-6516

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Additional Information

Basement: Storage Space
Foundation: Concrete Perimeter
Stories: One
Architecture: Traditional
Interior: Hardwood Floors
Acres: 0.16
Heat: Natural Gas
Cooling: Central Air
Appliances: Other
Semi-Annual Taxes: $837
Garage: Yes
Region: Center
Eating Areas: Formal Dining Room