Check out this spacious two bedroom Emerson Heights duplex! One unit is occupied with a long term tenant and the other is vacant and rent ready. Makes as a great long term rental or house hack it and enjoy the mid-town life. Both units are two bedroom with one and half bathrooms, similar floor plans with partial basements and have large concrete parking pad and deck on the back. Renovated to the studs in the early 2000's, this home features updated plumbing, electric, newer HVAC, roof and gutters all done in 2023. A short walk to the local park and bike trails so you can quickly be downtown or in Irvington. Book your showing today!
Sold
$246,000
517 Wallace Ave, Indianapolis, IN 46201
2beds
2baths
--sqft
Multi Family, Duplex
Built in 1920
-- sqft lot
$247,100 Zestimate®
$--/sqft
$1,159 Estimated rent
Home value
$247,100
$232,000 - $262,000
$1,159/mo
Zestimate® history
Owner options
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$1,159/mo
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$1,609/mo
Est. payment
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$1,609/mo
Est. payment
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List your homeWhat's special
Partial basementsDeck on the backUpdated plumbingNewer hvacOne and half bathroomsSimilar floor plans
Zillow last checked:
Listing updated:
Listed by:
Cory Robinson 317-456-2329,
CityPlace Realty
Bought with:
Betty Salgado
Salgado Realty Group, LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22088557
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Laundry: Connections All
Features
- Basement: Partial,Unfinished
Property
Parking
- Total spaces: 2
- Parking features: Alley Access, Concrete
- Details: Unit Parking(2 Car Space, Paved Area)
Features
- Levels: Two
- Stories: 2
- Fencing: Fenced
Lot
- Size: 6,534 Square Feet
Details
- Parcel number: 491004101007000101
- Special conditions: As Is
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Craftsman
- Property subtype: Multi Family, Duplex
Materials
- Wood Siding
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1920
Community & HOA
Community
- Subdivision: Emerson Heights
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $153,500
- Annual tax amount: $3,482
- Date on market: 3/18/2026
- Cumulative days on market: 8 days
Price history
| Date | Event | Price |
|---|---|---|
| 5/8/2026 | Sold | $246,000-3.5% |
Source:  MIBOR as distributed by MLS GRID #22088557 Report a problem | ||
| 3/26/2026 | Pending sale | $255,000 |
Source: MIBOR as distributed by MLS GRID #22088557 Report a problem | ||
| 3/18/2026 | Listed for sale | $255,000+4.1% |
Source: MIBOR as distributed by MLS GRID #22088557 Report a problem | ||
| 10/23/2025 | Listing removed | $245,000 |
Source: MIBOR as distributed by MLS GRID #21991406 Report a problem | ||
| 9/18/2025 | Price change | $245,000-5.8% |
Source: MIBOR as distributed by MLS GRID #21991406 Report a problem | ||
| 9/4/2025 | Listed for sale | $260,000+62.5% |
Source: MIBOR as distributed by MLS GRID #21991406 Report a problem | ||
| 9/13/2021 | Sold | $160,000+67.5% |
Source: Public Record Report a problem | ||
| 12/30/2014 | Sold | $95,500 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,481 +15.5% | $153,500 +4.6% |
| 2024 | $3,015 -3.5% | $146,700 +15.4% |
| 2023 | $3,124 +127.4% | $127,100 -3.9% |
| 2022 | $1,374 +10.9% | $132,300 +29.1% |
| 2021 | $1,239 +11.1% | $102,500 +19.9% |
| 2020 | $1,115 +10.6% | $85,500 +12.4% |
| 2019 | $1,008 -6.2% | $76,100 +11.4% |
| 2018 | $1,075 +117.9% | $68,300 +8.9% |
| 2017 | $494 +19.8% | $62,700 +10.4% |
| 2016 | $412 -68.4% | $56,800 -5.8% |
| 2014 | $1,304 -17.1% | $60,300 -14.1% |
| 2013 | $1,573 | $70,200 +0.4% |
| 2012 | $1,573 | $69,900 +18.9% |
| 2011 | -- | $58,800 |
| 2010 | $1,227 -2.4% | $58,800 |
| 2009 | $1,257 | $58,800 -5.8% |
| 2007 | -- | $62,400 |
Find assessor info on the county website
Neighborhood: Near Eastside
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Nearby schools
GreatSchools rating
- 3/10Ralph Waldo Emerson School 58Grades: PK-5Distance: 0.3 mi
- 5/10Arlington Community Middle SchoolGrades: 6-8Distance: 3.5 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 2.5 mi
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Estimated market value
$247,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$247,100
- Indiana
- Marion County
- Indianapolis
- 46201
- Near Eastside
- 517 Wallace Ave
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