14 hours on Rocket
$2,031 Closing Credit¹
#22042938, Richard Costello, Listing office: Carpenter, REALTORS®
$158,000 List price
601 Wallace Ave Indianapolis, IN 46201
$1,876
Closing credit¹
2 beds
1 full, 1 partial
1,576 sqft
0.07 acres
$100 / sqft
House
Property details
About 601 Wallace Ave
Finding a home this updated, in a location like this, at this price point? Rare. This move-in-ready townhome sits on one of Emerson Heights' most welcoming streets, just minutes from downtown, Irvington, and Ellenberger Park. Inside, you'll find an open layout with updated LVP flooring, a fully renovated kitchen, and a convenient half bath on the main floor. The top-of-the-line washer and dryer are also located on the main level for added ease. Upstairs are two comfortable bedrooms and a fully updated bathroom with clean, modern finishes. Step outside and enjoy a covered front porch that's perfect for relaxing, plus a brand-new back deck (April 2025) that overlooks a spacious, privacy-fenced backyard-ideal for entertaining, pets, or a garden. Additional updates include a brand-new AC unit (April 2025) and custom window treatments throughout. Whether you're a first-time buyer, investor, or simply looking for a low-maintenance home in a well-loved neighborhood, this one delivers serious value.
Highlights
Home typeSingle Family Residence
HeatingElectric, Forced Air, Natural Gas
StatusActive
Size1,576 sqft
BasementYes
Lot size0.07 Acres
Year built1915
MLS #22031356
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 1
- Appliances: Dishwasher, Dryer, Gas Water Heater, Electric Oven, Refrigerator, Washer
- Basement: Yes
- Interior: Paddle Fan, Windows Vinyl
- Total Bedroom Count: 2
- Architectural Style: TraditonalAmerican
- Heating: Electric, Forced Air, Natural Gas
- List Price: $158,000
- Price/SqFt: $100
- Annual Tax Amount: $1,223
- Tax Year: 2023
- Directions: GPS Friendly
- Year Built: 1915
- Living Area: 1,576 SqFt
- Lot Size: 0.07 Acres
- MLS Number: 22031356
- MLS Name: MIBOR
- Office Name: Keller Williams Indpls Metro N
- Office Email: mromano103@hotmail.com
- Listing Agent: Michelle Romano-Moss
Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.
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Copyright ©2025 MIBOR REALTOR® Association. All rights reserved. Information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Last updated on: 6/4/2025, 11:46:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$158,000
601 Wallace Ave
$1,876
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $123,000 | $1,223 |
| 2022 | $74,700 | $448 |
| 2021 | $62,100 | $315 |
| 2020 | $53,500 | $- |
History based on county public records data.
Nearby schools
3
Ralph W. Emerson Elementary School 58
Public District PK-6
0.3 mi
•321 N Linwood Ave
4
George W. Julian Elementary School 57
Public District KG-6
0.8 mi
•5435 E Washington St
3
Christian Park Elementary School 82
Public District KG-6
1.0 mi
•4700 English Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $61,549. Most Indianapolis, IN residents have annual incomes between $35k-100k. Most families are single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
29%
<35k
43%
35k-100k
26%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
55%
Single, No Kids
13%
Single, with Kids
18%
Married, No Kids
14%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
6%
12-17 yrs old
24%
18-34 yrs old
44%
35-64 yrs old
10%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
College Basketball
Mexican League Soccer
Where do the neighbors shop?
Family Dollar
Dillards
Books-a-Million
Where do the neighbors go to eat?
White Castle
Logan's Roadhouse
Church's Chicken
What do the neighbors drive?
Chevrolet
Hyundai
Toyota
What do the neighbors listen to?
Rock
Adult Hits- Adult Standards
All data provided by Home Junction and Claritas
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Frequently asked questions
About 601 Wallace Ave
The listing price of 601 Wallace Ave property is $158,000.
The property 601 Wallace Ave is a house located in Indianapolis, Indiana, 46201.
Active Listing: 601 Wallace Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 601 Wallace Ave are: Ralph W. Emerson Elementary School 58 (GreatSchools Rating 3/10), George W. Julian Elementary School 57 (GreatSchools Rating 4/10), Christian Park Elementary School 82 (GreatSchools Rating 3/10), Paramount Englewood (GreatSchools Rating 9/10), Paramount Brookside (GreatSchools Rating 9/10), H. L. Harshman Magnet Middle School (GreatSchools Rating 3/10), Irvington Community School (GreatSchools Rating 4/10), Victory College Preparatory Academy (GreatSchools Rating 6/10), Arsenal Technical High School (GreatSchools Rating 1/10).
According to the records, the last property tax for 2023 is $1,223 (source: MLS/based on county public records data).
The property at 601 Wallace Ave has 2 bedrooms and 1 full and 1 half bathrooms.
The property 601 Wallace Ave is 1,576 SqFt (source: MLS/tax record).
The year of construction for 601 Wallace Ave is 1915.
This home is located at 601 Wallace Ave in Indianapolis, IN and zip code 46201 in the Emerson Heights neighborhood. This 1,576 square foot home, which was built in 1915, sits on a 0.07 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 10, 2025 and is currently priced at $158,000.
Over 300 listings were sold over their listed price in May 2025 in Indianapolis, IN. In the same period over 544 listings were sold below the listed price and 315 listings were sold for the listed price. The number of listings in Indianapolis, IN increased by 3.7% between April and May 2025. Listings spent 34 days on the market in May 2025, and had a median list price of $250,180 during the same period.
From Rocket Homes Real Estate and based on county public records data.