This 2-bedroom bungalow has been recently updated and is ready for a new owner. The home still holds much of its original character, including arched doorways, a glass-front dining cupboard, and vintage details like the doorknobs and bathroom medicine cabinet. The covered front porch leads into a bright interior with fresh paint and easy-to-maintain LVP flooring throughout. The kitchen has plenty of cabinet space, recessed lighting, and comes with all appliances. Between the bedrooms, you'll find the updated bathroom. The basement offers generous storage and includes a washer and dryer. Outside, there's a fenced backyard, storage shed, and a carport with additional parking. Roof recently replaced November 2025. Located in Emerson Heights, just east of downtown Indianapolis, this home offers both convenience and comfort.
Active
Price cut: $1K (10/22)
$183,000
827 Wallace Ave, Indianapolis, IN 46201
2beds
1,742sqft
Est.:
Residential, Single Family Residence
Built in 1924
6,098.4 Square Feet Lot
$-- Zestimate®
$105/sqft
$-- HOA
What's special
Fenced backyardCovered front porchGenerous storageCarport with additional parkingRecessed lightingArched doorwaysBright interior
- 109 days |
- 235 |
- 27 |
Zillow last checked: 8 hours ago
Listing updated: December 11, 2025 at 01:07pm
Listing Provided by:
Mark Branch 317-403-4397,
Highgarden Real Estate,
Carly Jones,
Highgarden Real Estate
Source: MIBOR as distributed by MLS GRID,MLS#: 22060784
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Features: Luxury Vinyl Plank
- Level: Main
- Area: 143 Square Feet
- Dimensions: 11x13
Bedroom 2
- Features: Luxury Vinyl Plank
- Level: Main
- Area: 132 Square Feet
- Dimensions: 11x12
Dining room
- Features: Luxury Vinyl Plank
- Level: Main
- Area: 156 Square Feet
- Dimensions: 13x12
Kitchen
- Features: Luxury Vinyl Plank
- Level: Main
- Area: 130 Square Feet
- Dimensions: 13x10
Living room
- Features: Luxury Vinyl Plank
- Level: Main
- Area: 208 Square Feet
- Dimensions: 13x16
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Disposal, Gas Oven, Refrigerator, Washer, Water Heater
- Laundry: In Basement
Features
- Ceiling Fan(s), Pantry
- Windows: Wood Work Painted
- Basement: Interior Entry,Unfinished
Interior area
- Total structure area: 1,742
- Total interior livable area: 1,742 sqft
- Finished area below ground: 0
Property
Parking
- Parking features: Carport
- Has carport: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Patio
- Fencing: Fenced,Full
Lot
- Size: 6,098.4 Square Feet
- Features: Sidewalks
Details
- Additional structures: Storage
- Parcel number: 491004128023000101
- Special conditions: Sales Disclosure Supplements
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Residential, Single Family Residence
Materials
- Vinyl With Brick
- Foundation: Block
Condition
- New construction: No
- Year built: 1924
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: Emerson Heights
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $105/sqft
- Tax assessed value: $169,000
- Annual tax amount: $2,062
- Date on market: 9/5/2025
- Cumulative days on market: 93 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 10/22/2025 | Price change | $183,000-0.5%$105/sqft |
Source:  MIBOR as distributed by MLS GRID #22060784 Report a problem | ||
| 10/13/2025 | Listed for sale | $184,000$106/sqft |
Source: MIBOR as distributed by MLS GRID #22060784 Report a problem | ||
| 9/30/2025 | Pending sale | $184,000$106/sqft |
Source: MIBOR as distributed by MLS GRID #22060784 Report a problem | ||
| 9/5/2025 | Listed for sale | $184,000+12.9%$106/sqft |
Source: MIBOR as distributed by MLS GRID #22060784 Report a problem | ||
| 3/15/2024 | Sold | $163,000-1.2%$94/sqft |
Source: MIBOR as distributed by MLS GRID #21931656 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,335 -7.6% | $169,000 +31.5% |
| 2023 | $1,445 +29.7% | $128,500 -1.1% |
| 2022 | $1,114 +35.8% | $129,900 +20.7% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,111/mo
Principal & interest
$913
Property taxes
$134
Home insurance
$64
Climate risks
Neighborhood: Near Eastside
Nearby schools
GreatSchools rating
- 3/10Ralph Waldo Emerson School 58Grades: PK-6Distance: 0.5 mi
- 6/10Center for Inquiry School 2Grades: K-8Distance: 3.3 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 2.5 mi
Schools provided by the listing agent
- Elementary: Ralph Waldo Emerson School 58
- Middle: Arlington Community Middle School
- High: Arsenal Technical High School
Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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