1227 Wallace Ave
Indianapolis, IN 46201
2 bd 796 sqft Built 1930 Lot 6,055 sqft multi_family
Most recent sale
$175,312
Aug 9, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Sep 17, 2025 | Price changed for rent | $980 | Avail |
| Sep 3, 2025 | Listed for rent | $1,000 | Avail |
| Jul 17, 2025 | Sold | $186,562 | Public Record |
| Aug 9, 2022 | Sold | $175,312 | Public Record |
| Aug 4, 2022 | Sold | $165,000 | MIBOR |
| Jun 25, 2022 | Price changed | $165,000 | MLS #21864974 |
| Jun 24, 2022 | Listed | $165 | MLS #21864974 |
| Apr 12, 2017 | Sold | $67,406 | Public Record |
| Mar 31, 2017 | Listing removed | $74,900 | MIBOR |
| Mar 10, 2017 | Listed | $74,900 | MLS #21470729 |
| Jan 27, 2015 | Listing removed | $495 | MIBOR |
| Dec 10, 2014 | Listed for rent | $495 | MIBOR |
| May 30, 2012 | Listing removed | $475 | MIBOR |
| Aug 26, 2011 | Listed for rent | $475 | MIBOR |
| Dec 3, 2010 | Listing removed | $485 | MIBOR |
| Jul 27, 2010 | Listing removed | $79,900 | MIBOR |
| Dec 2, 2009 | Listed for rent | $485 | MIBOR |
| Jul 21, 2009 | Listed | $79,900 | MLS #2936403 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $147,500 | $25,100 | $172,600 | $1,975 |
| 2024 | $146,400 | $25,100 | $171,500 | $2,143 |
| 2023 | $127,000 | $25,100 | $152,100 | $1,837 |
| 2022 | $82,100 | $25,100 | $107,200 | $1,184 |
| 2021 | $82,100 | $25,100 | $107,200 | $2,607 |
| 2020 | $69,400 | $14,000 | $83,400 | $2,063 |
| 2019 | $61,300 | $14,000 | $75,300 | $1,906 |
| 2018 | $49,900 | $14,000 | $63,900 | $1,649 |
| 2017 | $42,000 | $14,000 | $56,000 | $1,313 |
| 2016 | $39,500 | $14,000 | $53,500 | $1,233 |
| 2015 | $38,700 | $14,000 | $52,700 | $1,161 |
| 2014 | $40,400 | $14,000 | $54,400 | $1,176 |
| 2013 | $42,000 | $14,000 | $56,000 | $1,164 |
| 2012 | $44,400 | $14,000 | $58,400 | $1,310 |
| 2011 | $42,200 | $14,500 | $56,700 | $1,265 |
| 2010 | $46,100 | $14,500 | $60,600 | $1,296 |
| 2008 | $46,100 | $14,500 | $60,600 | $2,064 |
| 2006 | $100,200 | $14,000 | $114,200 | $2,192 |
Property facts
Year built
1930
Property type
multi_family
Stories
1
Beds
2
Baths
—
Living area
796 sqft
Lot size
6,055 sqft
ZIP code
46201
City
Indianapolis
Street
Wallace Ave
Coordinates
39.78437, -86.08857
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,194
Gross rental yield
8.17%
Implied cap rate
5.31%
Trend-extrapolated value
—
Frequently asked questions
When did 1227 Wallace Ave last sell?
1227 Wallace Ave most recently sold on Aug 9, 2022 for $175,312.
What is the current tax assessment for 1227 Wallace Ave?
The most recent total assessment for 1227 Wallace Ave (year 2025) is $172,600 with $1,975 in property tax.
How does 1227 Wallace Ave's assessment compare to its last sale price?
The current assessment is 1.5% below the last sale price of $175,312.
When was 1227 Wallace Ave built?
1227 Wallace Ave was built in 1930.
How does 1227 Wallace Ave compare to others on Wallace Ave?
We track 8 other properties on Wallace Ave. Browse the list under "Other properties on Wallace Ave" to compare beds, baths, and sale history.
What are the property facts for 1227 Wallace Ave?
1227 Wallace Ave is a 2 bed, 796 sqft, 6,055 sqft lot multi_family.
Is 1227 Wallace Ave a flip candidate?
No — 1227 Wallace Ave does not appear in our flips dataset.
Is 1227 Wallace Ave a tax-appeal candidate?
No — 1227 Wallace Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-4.0%
Implied 1-yr
-16.0%
2026 Q3
$202.9K
2026 Q4
$191.9K
ZIP 46201 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Wallace Ave