This 4-bedroom, 2-bath home offers over 2200 feet of comfortable living space and brings in $1050 per month in rental income. The layout is spacious and functional, appealing to long-term tenants. Situated on the eat side of Indianapolis, it's close to school, parks, and major roads. A dependable investment with consistent cashflow.
Active
$175,000
758 Wallace Ave, Indianapolis, IN 46201
4beds
2,017sqft
Residential, Single Family Residence
Built in 1920
4,356 Square Feet Lot
$-- Zestimate®
$87/sqft
$-- HOA
What's special
- 328 days |
- 588 |
- 19 |
Zillow last checked:
Listing updated:
Listed by:
Thomas Colvin 317-902-2315,
eXp Realty, LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22056170
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Primary bedroom
- Level: Upper
- Area: 322 Square Feet
- Dimensions: 14x23
Bedroom 2
- Level: Upper
- Area: 160 Square Feet
- Dimensions: 10x16
Bedroom 3
- Level: Upper
- Area: 117 Square Feet
- Dimensions: 9x13
Bedroom 4
- Level: Upper
- Area: 132 Square Feet
- Dimensions: 11x12
Dining room
- Level: Main
- Area: 156 Square Feet
- Dimensions: 12x13
Kitchen
- Level: Main
- Area: 143 Square Feet
- Dimensions: 11x13
Living room
- Level: Main
- Area: 195 Square Feet
- Dimensions: 13x15
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: None, Gas Water Heater
Features
- Windows: Wood Work Painted
- Basement: Unfinished
Interior area
- Total structure area: 2,017
- Total interior livable area: 2,017 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Detached
- Garage spaces: 1
Features
- Levels: One and One Half
- Stories: 1
Lot
- Size: 4,356 Square Feet
Details
- Parcel number: 491004112018000101
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Residential, Single Family Residence
Materials
- Aluminum Siding
- Foundation: Block
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: Emerson Heights
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $87/sqft
- Tax assessed value: $154,300
- Annual tax amount: $3,318
- Date on market: 8/18/2025
- Cumulative days on market: 334 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/18/2025 | Listed for sale | $175,000+173.4%$87/sqft |
Source:  MIBOR as distributed by MLS GRID #22056170 Report a problem | ||
| 4/27/2017 | Sold | $64,000$32/sqft |
Source: MIBOR as distributed by MLS GRID #21457997 Report a problem | ||
| 4/4/2017 | Pending sale | $64,000$32/sqft |
Source: J S Ruiz Realty, Inc. #21457997 Report a problem | ||
| 3/31/2017 | Listed for sale | $64,000$32/sqft |
Source: J S Ruiz Realty, Inc. #21457997 Report a problem | ||
| 3/28/2017 | Pending sale | $64,000$32/sqft |
Source: J S Ruiz Realty, Inc. #21457997 Report a problem | ||
| 1/13/2017 | Listed for sale | $64,000-14.7%$32/sqft |
Source: J S Ruiz Realty, Inc. #21457997 Report a problem | ||
| 1/24/2016 | Listing removed | $75,000$37/sqft |
Source: Your Realty Link, LLC #21376789 Report a problem | ||
| 10/26/2015 | Price change | $75,000-5.1%$37/sqft |
Source: KRG PLUS, LLC #21376789 Report a problem | ||
| 9/16/2015 | Listed for sale | $79,000$39/sqft |
Source: KRG PLUS, LLC #21376789 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,317 +1.3% | $154,300 +10.4% |
| 2024 | $3,273 -0.8% | $139,800 +1.3% |
| 2023 | $3,301 +26.4% | $138,000 -1.3% |
| 2022 | $2,611 +3.9% | $139,800 +23.5% |
| 2021 | $2,513 +8.5% | $113,200 +4.3% |
| 2020 | $2,316 +10.8% | $108,500 +10.6% |
| 2019 | $2,089 +270.3% | $98,100 +11.9% |
| 2018 | $564 +27% | $87,700 +9.1% |
| 2017 | $444 +2.1% | $80,400 +18.4% |
| 2016 | $435 +6.8% | $67,900 +0.9% |
| 2014 | $407 -19.1% | $67,300 -2% |
| 2013 | $504 | $68,700 -4.3% |
| 2012 | $504 | $71,800 +13.8% |
| 2011 | -- | $63,100 |
| 2010 | $402 +11.4% | $63,100 |
| 2009 | $361 | $63,100 -12.5% |
| 2007 | -- | $72,100 +19.2% |
| 2006 | -- | $60,500 +7.7% |
| 2005 | -- | $56,200 |
| 2004 | -- | $56,200 |
| 2003 | -- | $56,200 +150.9% |
| 2002 | -- | $22,400 +199.9% |
| 2001 | -- | $7,470 |
| 2000 | -- | $7,470 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Near Eastside
Nearby schools
GreatSchools rating
- 3/10Ralph Waldo Emerson School 58Grades: PK-5Distance: 0.4 mi
- 5/10Arlington Community Middle SchoolGrades: 6-8Distance: 3.5 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 2.4 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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- Indiana
- Marion County
- Indianapolis
- 46201
- Near Eastside
- 758 Wallace Ave
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