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.
Active
Price cut: $1K (8/18)
$88,000
3352 Wallace Ave, Indianapolis, IN 46218
2beds
1,562sqft
Residential, Single Family Residence
Built in 1946
6,969 Square Feet Lot
$-- Zestimate®
$56/sqft
$-- HOA
What's special
Detached one-car garageComfortable layout
- 43 days
- 400
- 29
Zillow last checked:
Listing updated:
Listed by:
Karanjod Cheema 317-657-9985,
Rize Commercial Realty LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22115867
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Features: Luxury Vinyl Plank
- Level: Main
- Dimensions: Not measured
Bedroom 2
- Level: Main
- Dimensions: Not measured
Dining room
- Features: Luxury Vinyl Plank
- Level: Main
- Dimensions: Not measured
Kitchen
- Features: Luxury Vinyl Plank
- Level: Main
- Dimensions: Not measured
Living room
- Features: Luxury Vinyl Plank
- Level: Main
- Dimensions: Not measured
Play room
- Features: Other
- Level: Basement
- Dimensions: Not measured
Heating
- Natural Gas
Cooling
- Central Air
Appliances
- Included: Other
Features
- Hardwood Floors
- Flooring: Hardwood
- Basement: Storage Space
Interior area
- Total structure area: 1,562
- Total interior livable area: 1,562 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Detached
- Garage spaces: 1
Features
- Levels: One
- Stories: 1
Lot
- Size: 6,969 Square Feet
Details
- Parcel number: 490721127223000101
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Residential, Single Family Residence
Materials
- Vinyl Siding
- Foundation: Concrete Perimeter
Condition
- New construction: No
- Year built: 1946
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: No Subdivision
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $56/sqft
- Tax assessed value: $67,300
- Annual tax amount: $1,674
- Date on market: 7/22/2026
- Cumulative days on market: 45 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/18/2026 | Price change | $88,000-1.1%$56/sqft |
Source:  MIBOR as distributed by MLS GRID #22115867 Report a problem | ||
| 7/22/2026 | Listed for sale | $89,000+493.3%$57/sqft |
Source: MIBOR as distributed by MLS GRID #22115867 Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 7/16/2019 | Listing removed | $725 |
Source: Owner Report a problem | ||
| 7/3/2019 | Listed for rent | $725+18.9% |
Source: Owner Report a problem | ||
| 8/11/2016 | Listing removed | $610+10.9% |
Source: Owner Report a problem | ||
| 8/26/2013 | Listing removed | $550 |
Source: Axiom Property Management Report a problem | ||
| 8/22/2013 | Sold | $15,000-50%$10/sqft |
Source: Agent Provided Report a problem | ||
| 8/16/2013 | Listed for rent | $550 |
Source: Axiom Property Management Report a problem | ||
| 7/31/2013 | Pending sale | $30,000$19/sqft |
Source: RE/MAX SELECT #21219716 Report a problem | ||
| 6/14/2013 | Price change | $30,000-22.9%$19/sqft |
Source: RE/MAX SELECT #21219716 Report a problem | ||
| 5/12/2013 | Price change | $38,900-9.3%$25/sqft |
Source: RE/MAX SELECT #21219716 Report a problem | ||
| 3/7/2013 | Listed for sale | $42,900$27/sqft |
Source: RE/MAX Select, REALTORS #imhausen05 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,360 -4% | $67,300 +17.5% |
| 2024 | $1,417 +1.8% | $57,300 -3.9% |
| 2023 | $1,391 +27.3% | $59,600 +1.4% |
| 2022 | $1,093 +35.2% | $58,800 +24.6% |
| 2021 | $808 +2.8% | $47,200 +35.6% |
| 2020 | $786 +21.9% | $34,800 +4.8% |
| 2019 | $645 +21.1% | $33,200 +23% |
| 2018 | $533 -9.4% | $27,000 +14.9% |
| 2017 | $588 +14% | $23,500 -4.5% |
| 2016 | $516 +5% | $24,600 +8.8% |
| 2014 | $491 +79% | $22,600 -11.4% |
| 2013 | $274 | $25,500 -40.6% |
| 2012 | $274 | $42,900 -2.5% |
| 2011 | -- | $44,000 |
| 2010 | $269 +10.7% | $44,000 |
| 2009 | $243 | $44,000 |
| 2007 | -- | $44,000 +26.8% |
| 2006 | -- | $34,700 +3.9% |
| 2005 | -- | $33,400 |
| 2004 | -- | $33,400 |
| 2003 | -- | $33,400 +49.1% |
| 2002 | -- | $22,400 +199.9% |
| 2001 | -- | $7,470 |
| 2000 | -- | $7,470 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Martindale-Brightwood
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