2949 Wallace Avenue, Indianapolis, IN 46218

Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
2949 Wallace Avenue,Indianapolis, IN 46218
$129,900
  • 3 Beds
  • 1 Baths
  • 888 sq. ft.
  • Single family
  • Active
Listed by:hayley wild
Office:compass indiana, llc.
MLS#:22067234
Source:IN_MIBOR

Price summary

  • Price:$129,900
  • Price per sq. ft.:$146.28

About this home

Welcome to 2949 Wallace Avenue, a prime investment opportunity offering strong, guaranteed cash flow. Currently vacant but with a signed Section 8 lease at $1,750 per month, this property provides immediate income potential with long-term stability. Featuring spacious living areas, updated finishes, and a low-maintenance design, it's ideal for investors seeking a turnkey addition to their portfolio. Located in a growing Indianapolis neighborhood with consistent rental demand, this home delivers both reliability and return-making it a smart, hassle-free investment you don't want to miss.

Contact an agent

contact an agent

Yes, I would like more information from BHGRE®. Please use and/or share my information with an BHGRE affiliated agent to contact me about my real estate needs. By clicking Send message, I agree an BHGRE affiliated agent may contact me by phone or text message including by automated means about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1955
  • Listing ID #:22067234
  • Added:1 day(s) ago
  • Updated:October 13, 2025 at 12:38 AM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:1
  • Full bathrooms:1
  • Living area:888 sq. ft.

Heating and cooling

  • Cooling:Central Electric
  • Heating:Forced Air

Structure and exterior

  • Year built:1955
  • Building area:888 sq. ft.
  • Lot area:0.12 Acres

Utilities

  • Water:Public Water

Finances and disclosures

  • Price:$129,900
  • Price per sq. ft.:$146.28
Copyright 2025 Metropolitan Indianapolis Board of Realtors. All rights reserved. Listings courtesy of Metropolitan Indianapolis Board of Realtors as distributed by MLS GRID <lastMLSCheckTimestamp>. Metropolitan Indianapolis Board of Realtors provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. Metropolitan Indianapolis Board of Realtors will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of Metropolitan Indianapolis Board of Realtors.

New listings near 2949 Wallace Avenue