$219,900
$5K PRICE DROP

627 Wallace Ave Indianapolis, IN 46201

Near Eastside Neighborhood

Estimated payment $1,525/month

Total Views 4,455
2 Beds
1 Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

Opportunity Time! Emerson Heights Duplex. Tall Ceilings on first floor, large trim boards, 2 Bedroom each side, 625 has 1Bath, 627 has 1.5 bath. Prime location, easy access to shopping, interstates, downtown. Investment property or primary residence, your choice. Off street parking. Home has Bee windows and vinyl siding. Will need some updating and repair. Bring your creative mind.

Listing Agent

Joseph Defusco

DeFusco Realty and Property Se License #RB14030629 Listed on: 08/01/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,234

Year Built

  • Built in 1925

Home Design

  • Duplex

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Additional Features

  • 2-Story Property
  • 6,403 Sq Ft Lot
  • Basement

Community Details

  • Emerson Heights Subdivision

Listing and Financial Details

  • The owner pays for insurance, taxes, trash collection
  • Tax Lot 1051695
  • Assessor Parcel Number 491004101017000101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,234

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2024
  • Year Built: 1925
  • Lot Size Acres: 0.15
  • On Market Date: 2025-08-01
  • Subdivision Name: Emerson Heights
  • Transaction Type: Sale
  • Conversion: No
  • Price Unit: 109950
  • Special Features: None

Interior Features

  • Basement: Yes
  • Levels: Two
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Owner Pays: Insurance, Taxes, Trash Collection

Exterior Features

  • List Price: 219900
  • Road Access: Not Applic

Utilities

  • Cooling: None
  • Solid Waste: Yes

Fee Information

  • Expenses: 5000

Lot Info

  • Additional Parcels: No
  • Current Use: Residential
  • Lot Size Sq Ft: 6403
  • Parcel Number: 491004101017000101
  • Acres: <1/4 Acre
  • Price Acre: 1466000

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 21600
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 4234
  • Tax Lot: 1051695
  • Semi Annual Property Tax Amt: 2117

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,661 $173,300 $25,300 $148,000
2023 $3,661 $149,300 $25,300 $124,000
2022 $3,789 $155,500 $25,300 $130,200
2021 $3,094 $129,100 $25,300 $103,800
2020 $2,706 $111,900 $9,300 $102,600
2019 $2,452 $99,100 $9,300 $89,800
2018 $2,224 $88,700 $9,300 $79,400
2017 $1,827 $80,900 $9,300 $71,600
2016 $558 $21,700 $9,300 $12,400
2014 $573 $26,500 $9,300 $17,200
2013 $834 $40,100 $9,300 $30,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2025 09/01/25 Price Changed $219,900 -2.2% --
08/01/2025 08/01/25 For Sale $224,900 0.0% --
06/04/2019 06/04/19 Rented $650 0.0% --
04/14/2019 04/14/19 For Rent $650 0.0% --
05/16/2018 05/16/18 Rented $650 0.0% --
04/23/2018 04/23/18 For Rent $650 -- --
Source: MIBOR Broker Listing Cooperative®

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed -- None Available
Sheriffs Deed $20,000 None Available
Warranty Deed -- None Available
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $61,280 Adjustable Rate Mortgage/ARM
Source: Public Records

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22034379

MIBOR Broker Listing Cooperative®

APN: 49-10-04-101-017.000-101

Indiana Marion County Indianapolis 46201 Near Eastside

627 Wallace Ave, Indianapolis, IN

This home is located at 627 Wallace Ave, Indianapolis, IN 46201 and is currently priced at $219,900. This property was built in 1925. 627 Wallace Ave is a home located in Marion County with nearby schools including Ralph Waldo Emerson School 58, Arlington Community Middle School, and Arsenal Technical High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIBOR Broker Listing Cooperative® Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

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Joseph Defusco
Listing Agent
Joseph Defusco
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DeFusco Realty and Property Se
(317) 676-4985