3352 Wallace Ave, Indianapolis, IN, 46218
About This Home
Charming 2-bedroom, 1-bathroom single-family home offering a comfortable layout with plenty of space both inside and out. The home features additional basement space ideal for entertaining, recreation, or storage, along with large front and back yards providing room to relax, play, or host gatherings. A detached one-car garage includes a large attached covered side porch on a concrete slab, creating additional outdoor living space and functionality. Recent updates include a new A/C unit and furnace installed in July 2025. The home is currently occupied by a long-term tenant who has been in place since 2019, providing immediate rental income for an investor or a potential opportunity for an owner-occupant looking for future flexibility. The current rent is below market value, offering the ability to increase rents and capture additional income through a market-rate adjustment.
Getting Around
Car-Dependent
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1946
Materials
- Foundation: Concrete Perimeter
- Construction materials: Vinyl Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subType: Residential,Single Family Residence
Interior
Appliances
- Appliances included: Other
Basement
- Has basement: Yes
- Basement: Storage Space
Bedroom2
- Level: Main
- Dimensions: Not measured
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Dining Room
- Features: Luxury Vinyl Plank
- Level: Main
- Dimensions: Not measured
Features
- Hardwood Floors
- Flooring: Hardwood
- Finished area below ground: 0
Heating & Cooling
- Heating features: Natural Gas
- Cooling features: Central Air
Interior Area
- Total structure area: 1,562
- Total interior livable area: 1,562 sqft
Kitchen
- Features: Luxury Vinyl Plank
- Level: Main
- Dimensions: Not measured
Living Room
- Features: Luxury Vinyl Plank
- Level: Main
- Dimensions: Not measured
Master Bedroom
- Features: Luxury Vinyl Plank
- Level: Main
- Dimensions: Not measured
Play Room
- Features: Other
- Level: Basement
- Dimensions: Not measured
Property
Details
- Parcel number: 490721127223000101
- Horse amenities: None
Features
- Levels: One
- Stories: 1
Lot
- Lot size: 6,969 sqft
Parking
- Total spaces: 1
- Parking features: Detached
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Heat Wave
- Tornado
- Lightning
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Indiana Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $450 | $5,400 |
| Home Insurance * | $113 | $1,356 |
| Property Taxes | $162 | $1,944 |
| Electricity | $184 | $2,212 |
| Total | $909 | $10,908 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
Wildfire
HailWindHow Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-22 | Listed for sale | $89,000 |
| 2021-03-24 | Listing removed | -- |
| 2019-07-16 | Listing removed | $725 |
| 2019-07-03 | Listed for rent | $725 |
| 2016-08-11 | Listing removed | $610 |
| 2013-08-26 | Listing removed | $550 |
| 2013-08-22 | Sold | $15,000 |
| 2013-08-16 | Listed for rent | $550 |
| 2013-07-31 | Pending sale | $30,000 |
| 2013-06-14 | Price change | $30,000 |
| 2013-05-12 | Price change | $38,900 |
| 2013-03-07 | Listed for sale | $42,900 |
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