3901 Wallace Avenue
Indianapolis, IN 46226
2
Bed
1
Bath
1,047Sqft
0.36Acre(Lot)
Attention investors, builders, and developers! This .36-acre corner lot at 3901 Wallace Ave offers incredible potential in an area seeing consistent growth and revitalization. With its generous size and corner positioning, this property presents multiple development possibilities. Currently zoned D-3, the lot may support a variety of residential uses (buyer to verify), including the potential for a duplex on a corner lot or a strategic lot split for new construction. The size and layout provide flexibility for those looking to maximize value through redevelopment. Surrounded by established homes and convenient access to major roads, schools, shopping, and downtown Indianapolis, this location makes for a strong long-term investment or build opportunity.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
-
Bedroom Information
Total Bedroom: 2Bathroom Information
Total Baths: 1 Full Baths: 1Room Information
Rooms Total: 6Interior Features
Appliances: None -
Flooring Information
Construction Materials: Wood Siding -
Heating & Cooling
Heating: None Cooling: None WaterSource: Public
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Building Information
Year Built: 1927
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Lot Information
Lot Square Feet: 15682 Lot Acres: 0.36Property Information
Property Type: Residential Sub Type: Single Family Residence Style: Ranch
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Listing Price Information
Original List Price:$65000
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Tax Information
Tax Lot: 8007254 Tax Legal Description: Mendenhalls St Andrews Add L17 & 71/2Ft E & Adj Tax Year: 2024 Parcel Number: 490716104030000801
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Parking Information
Detached
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Utility Information
Water Source: Public -
Location Information
Subdivision: I Mendenhall City: Indianapolis Direction: GPS Friendly
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 4101 Biscayne Road, Indianapolis, IN, 46226 | $144,900 | 3 | 2 | 1,421 | 1,421 SqFt |
| 3604 Biscayne Road, Indianapolis, IN, 46226 | $134,900 | 3 | 2 | 2,646 | 2,646 SqFt |
| 4031 Balboa Drive, Indianapolis, IN, 46226 | $124,900 | 3 | 1 | 1,073 | 1,073 SqFt |
| 3914 Catalina Court, Indianapolis, IN, 46226 | $179,900 | 3 | 1 | 864 | 864 SqFt |
| 3903 Marseille Road, Indianapolis, IN, 46226 | $134,900 | 3 | 1 | 972 | 972 SqFt |
| 8538 Montery Road, Indianapolis, IN, 46226 | $134,900 | 3 | 2 | 1,218 | 1,218 SqFt |
| 4031 Marseille Road, Indianapolis, IN, 46226 | $189,900 | 4 | 2 | 1,924 | 1,924 SqFt |
| 8446 E 36th, Indianapolis, IN, 46226 | $135,000 | 3 | 1 | 925 | 925 SqFt |
| 3824 Richelieu Road, Indianapolis, IN, 46226 | $149,900 | 3 | 2 | 1,980 | 1,980 SqFt |
| 8415 E 34th Street, Indianapolis, IN, 46226 | $182,900 | 3 | 2 | 2,040 | 2,040 SqFt |
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ByOwner last updated this listing 06/08/2026 @ 18:20
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