Sheldon Barnes
For Sale — 758 Wallace Avenue, Indianapolis, IN 46201758 Wallace Avenue
Indianapolis, Indiana 46201
Emerson Heights
$175,000
Schedule a Showing4
Beds
2
Baths
1,752
Sq Ft
1920
Year Built
0.1
Acres
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Sheldon Barnes is a Carmel realtor and licensed real estate agent serving Indianapolis, Indiana and the rest of Hamilton County. Book a private tour of 758 Wallace Avenue in Emerson Heights, ask any question about this home, or talk through what you should know about buying in Indianapolis.
ABOUT THIS HOME
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.
Key things to know
- Four bedrooms, two bathrooms
- Established rental income ($1,050/month)
- Near schools and parks
- Forced air heat, central air conditioning
- One-car garage
Monthly payment
Estimate · $175,000
$1,208/mo
≈ $931 principal & interest · $277 tax
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $35,000 on a loan of $140,000.
Price history
- Listedat $175,000
Aug 14, 2025
Emerson Heights · activity
past 6 months
- Sold
- 13
- Median price
- $179,900
- Median DOM
- 9 days
Recent comparable sales
$405,000
1409 E New York Street
3bd · 2ba · 1,856 sqft
Sold May 2026
$260,000
964 Tecumseh Street
3bd · 2ba · 1,512 sqft
Sold May 2026
$205,000
914 N Ewing Street
3bd · 2ba · 1,560 sqft
Sold May 2026
$295,000
629 N Keystone Avenue
3bd · 2ba · 1,540 sqft
Sold May 2026
$250,000
1315 N Grant Avenue N
3bd · 3ba · 1,404 sqft
Sold May 2026
Comparative value
5 comps in this range
This home is 33% below median for similar nearby sales.
Want to know anything specific? Ask about updates, finishes, the basement, the yard — I read the listing's photos, MLS data, and remarks and cite what I find.
FEATURES & AMENITIES
Interior
Climate
THE FACTS
Pricing trajectory, room-by-room layout, schools, and what's nearby.
Price history
$175,000Listed· Aug 14, 2025
184 days on market
Layout
Schools
Indianapolis Public Schools
Neighborhood
- Downtown Indianapolis3.7 mi
- Monon Trail (Carmel)12.5 mi
- IU Health North Hospital12.7 mi
- Carmel High School13.2 mi
- Carmel Central Park13.5 mi
- Fishers High School13.6 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
1,752 sq ft
Year Built
1920
Stories
One and One Half
Subdivision
Emerson Heights
Bedrooms
4
Bathrooms
1 full, 1 half
Garage
1 spaces
School District
Indianapolis Public Schools