$129,900

2949 Wallace Avenue, Indianapolis, IN 46218

3 beds |
1 bath |
888 sqft

Single-Family Home
Built in 1955
5,227sqft lot
—— car garage
$146/sqft
Listed 15 days ago

Property Description

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.

Listing Status:: Active
Listing Office:: Compass Indiana, LLC : 317-405-7915
Listing Agent:: Hayley Wild : 317-405-7915
MLS ID:: 22067234

General: Vaulted Ceiling(s)Paddle FanHi-Speed Internet AvailblEat-in KitchenSmart ThermostatWood Work Painted
Appliances: Gas Water HeaterRange Hood
Laundry: In UnitMain Level
A/C: Central Air
Heating: Forced AirNatural Gas
Fireplace: Fireplaces: 0

General: Other
Style: RanchTraditional
Parking: On Street

General: OneSlab

Originating MLS: mibor
School District: Indianapolis Public Schools
County: Marion

Zoning: 30th St Add L61490728129051000101
View: NeighborhoodView

Utilities: Cable AvailableElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected100 Amp Service
Water: Public

Source: mibor

This listing courtesy of Hayley Wild, Compass Indiana, LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Arlington Woods Elementary School 99

5801 E 30th St, Indianapolis, IN, 46218

Grades KG-6

1.01 miles away

Francis Parker Montessori School 56

2353 Columbia Ave, Indianapolis, IN, 46205

Grades PK-8

2.54 miles away

Thrival Academy

1500 E Michigan St, Indianapolis, IN, 46201

Grades 9-9

2.72 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.