NEW PRICE on this Excellent investment opportunity in Irvington Park! This cash-flowing duplex features two 2 bed, 1 bath units-both currently occupied. Each unit offers spacious living areas and updated mechanicals. Easy access to downtown and public transit. Whether you're looking to expand your portfolio or begin your real estate investment journey, this property delivers immediate income in a desirable rental area. Don't miss this turnkey asset!
Active
Price cut: $15K (7/21)
$190,000
401 Wallace Ave, Indianapolis, IN 46201
4beds
4baths
--sqft
Est.:
Multi Family, Duplex
Built in 1920
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Updated mechanicals
- 45 days
- on Zillow |
- 1,297 |
- 86 |
Zillow last checked: 7 hours ago
Listing updated: August 07, 2025 at 08:35am
Listing Provided by:
Deborah Argenta 317-695-5764,
Keller Williams Indpls Metro N
Source: MIBOR as distributed by MLS GRID,MLS#: 22042407

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Cooling
- Central Air
Features
- Has basement: Yes
Property
Features
- Levels: One and One Half
- Stories: 1
Lot
- Size: 6,534 Square Feet
Details
- Parcel number: 491004144053000101
- Special conditions: As Is
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Duplex
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1920
Community & HOA
Community
- Subdivision: Layman & Careys Irvington Park Add
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $177,600
- Annual tax amount: $4,586
- Date on market: 6/27/2025
- Loading
- Loading