601 Wallace Avenue

Indianapolis, IN
$ 175,000 Beds 2 Baths 1.5 Sq 1,576
Monthly Estimate* How much can I afford?

Welcome to 601 Wallace Avenue. This 1915 Townhome is located on a picture-perfect street in the Emerson Heights neighbourhood. Open, versatile floorplan with low-maintenance LVP flooring throughout. Recent updates include basement waterproofing, French drain and sump pump, water heater and A/C. Tastefully updated kitchen and baths with convenient main floor laundry area- washer and dryer included. Private, fully fenced backyard features a newer deck, perfect for entertaining. Charming front porch. All you have to do is move in! Conveniently located minutes from Historic Irvington shops and restaurants with an easy clip to Downtown.

Active

  • Price
  • $ 175,000
  • City
  • Indianapolis
  • Bedrooms
  • 2
  • Full Bathrooms
  • 1
  • County
  • MARION
  • Half Bathrooms
  • 1
  • Area
  • Center
  • Lot Size
  • 0.07 Acres
  • Zip
  • 46201
  • Sqr Footage
  • 1,576
  • Year Built
  • 1915
  • Taxes
  • $ 1310
  • Style
  • Traditional
  • MLS#
  • 22101529
Listed By: Amanda Hadley with F.C. Tucker Company;
Data Source: MIBOR Broker Listing Cooperative

Features

General

Heating Electric,Forced Air,Natural Gas
Cooling Central Air
Utilities Cable Available,Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
Possession Negotiable
Appliances Dishwasher,Dryer,Gas Water Heater,Electric Oven,Refrigerator,Washer
Patio/Porch Features Covered,Deck
Architectural Style Traditional
Construction Materials Vinyl Siding
Year Built 1915
Township Center
Levels Two
Property Subtype Single Family Residence
Tax Year 2024
County Marion
New Construction No
Property Type Residential
HOA No
Subdivision Name Emerson Heights
Garage Y/N No
Total Rooms 5
Full Baths 1
Status Active
Directions GPS Friendly
High School Arsenal Technical High School
City Indianapolis
Disclosures Common Wall Agreement
High School District Indianapolis Public Schools
MLS Area 4910 - Marion - Center
Lot Size Square Feet 3200
Elementary School Ralph Waldo Emerson School 58
Property Attached Y/N Yes
Current Financing Conventional,FHA,VA
Standard Status Active
Tax Lot 49100410106700110
Legal Description Ryplee's Replat Subdivision L2

Interior Features

Interior Amenities Paddle Fan
Basement Unfinished
Basement (Y/N) Yes
Half Baths 1
Laundry Features Main Level
Total Bedrooms 2
LivingAreaSource Plans
Total Baths 2

Exterior Features

Fencing Full
Lot Features Sidewalks
Water Source Public
Foundation Details Block
Spa No
Building Area Total 1576
Lot Size Acres 0.07
Waterfront Y/N No
Horse Amenities None

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Columbus, IN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Ralph Waldo Emerson School 58 Elementary School
Middle School Unknown Middle School
High School Arsenal Technical High School

Price History

5/14/2026 Listed $179,900
5/27/2026 3% - $175,000
6/8/2026 4% - $168,000

Property vs Zip Code Average in 46201

Price
AVG $230K
$180K
Taxes
AVG $2,860
$1,310
Year Built
AVG 1931
1915
Visits
AVG 91
19
Data Provided by Inside Real Estate®

601 Wallace Avenue Indianapolis, IN is a Single Family Home for sale at $175000 with 1576 sqft and a lot size of 0.07 Acres Acre(s). 601 Wallace Avenue Indianapolis has 2 bedrooms, 1 baths and was built in 1915. The property's zip code is 46201 which is in Indianapolis, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.