3901 Wallace Ave, Indianapolis, IN 46226
Property image
Property image
SOLD
JUN 12, 2026

$55,000

Trulia Estimate
  • 2 Beds
  • 1 Bath
  • 1,047 sqft (on 0.36 acres)

3901 Wallace Ave, Indianapolis, IN 46226

Forest Manor
Est. Refi. Payment $415/mo*
Refinance Your Home
Currently Off Market - Sold Jun 12, 2026 for $55,000 (15% below list price)

Home Value

Trulia Estimate
$55K
Since last month
Increased$300 (+0.5%)
Since last year
Decreased$34K (-37.8%)
Since last sale
Increased$400 (+0.7%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +75% in the last 10 years
MonthEstimated value
2026
September 2026$55K
August 2026$55K
July 2026$55K
June 2026$55K
April 2026$95K
March 2026$96K
February 2026$96K
January 2026$90K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
4917 E 39th St, Indianapolis, IN
0.09
Single-Family Home
$141,600
09/26/25
2
1
1,784
3941 Arthington Blvd, Indianapolis, IN
0.13
Single-Family Home
$115,500
07/17/26
2
1
2,192
4934 E 41st St, Indianapolis, IN
0.28
Single-Family Home
$47,000
09/26/25
3
1.5
1,178
4044 N Drexel Ave, Indianapolis, IN
0.31
Single-Family Home
$181,000
10/08/25
2
1
1,586
4545 E 38th St, Indianapolis, IN
0.24
Single-Family Home
$151,500
05/01/26
2
1
2,304
3711 N Riley Ave, Indianapolis, IN
0.27
Single-Family Home
$107,000
05/29/26
2
1
1,680
3938 N Grand Ave, Indianapolis, IN
0.34
Single-Family Home
$135,000
09/22/25
3
1
993
3912 Wallace Ave, Indianapolis, IN
0.05
Single-Family Home
$180,000
05/01/26
3
1.5
1,800

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
3816 Wallace Ave, Indianapolis, IN 46226
0.09
-
-
-
-
Off Market
3912 Wallace Ave, Indianapolis, IN 46226
0.05
$180,000
3
1.5
1,800
Recently Sold
4750 E 38th Street North Dr, Indianapolis, IN 46218
0.11
$230,000
4
2.5
2,464
Recently Sold
3905 Arthington Blvd, Indianapolis, IN 46226
0.09
$232,200
3
2
1,864
Off Market
3915 N Arthington Blvd, Indianapolis, IN 46226
0.09
$149,700
4
1.5
2,306
Off Market
4917 E 39th St, Indianapolis, IN 46226
0.09
$155,100
2
1
1,784
Off Market
4933 E 39th St, Indianapolis, IN 46226
0.10
$124,900
2
1
999
For Sale
4916 E 39th St, Indianapolis, IN 46226
0.10
$159,900
4
2
925
For Sale
4939 E 39th St, Indianapolis, IN 46226
0.12
$210,600
3
2
1,405
Off Market
3952 Wallace Ave, Indianapolis, IN 46226
0.12
$188,900
3
1
1,280
Off Market
7454 Manor Lake Ln, Indianapolis, IN 46268
0.18
$356,000
5
3
2,460
Off Market

Local Information

  • Map ViewExplore the area around 3901 Wallace Ave.
  • Schools5 Preschool Schools9 Elementary Schools4 Middle Schools4 High Schools
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1927
0.36 acre lot
1,047 sqft
$53/sqft

About this House

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.
3901 Wallace Ave, Indianapolis, IN 46226 is a 2 bedroom, 1 bathroom, 1,047 sqft single-family home in Forest Manor, built in 1927. It last sold for $55,000 on Jun 12, 2026 (15% below the $65,000 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $55,000, with a rent estimate of $1,155/month.
Last check for updates: about 22 hours ago
Listed by Antonio Lisenbee, (317) 446-8715
Scott Estates
Source: MIBOR as distributed by MLS GRID, MLS#22097576

Home Details for 3901 Wallace Ave

Active Status

MLS Status: Sold

Interior Features

Interior Details
Number of Rooms: 6Types of Rooms: Master Bedroom, Bedroom 2
Beds & Baths
Number of Bedrooms: 2Main Level Bedrooms: 2Number of Bathrooms: 1Number of Bathrooms (full): 1Number of Bathrooms (main level): 1
Dimensions and Layout
Living Area: 1047 Square Feet
Appliances & Utilities
Appliances: None
Heating & Cooling
Heating: NoneNo CoolingAir Conditioning: NoneNo Heating
Levels, Entrance, & Accessibility
Stories: 1Levels: One

Exterior Features

Exterior Home Features
Foundation: Crawl Space, Block
Parking & Garage
No CarportNo GarageNo Attached GarageParking: Detached
Farm & Range
Horse Amenities: None

Days on Market

Cumulative Days on Market: 12

Property Information

Year Built
Year Built: 1927
Property Type / Style
Property Type: ResidentialProperty Subtype: Residential, Single Family ResidenceArchitecture: Ranch
Building
Construction Materials: Wood SidingNot a New ConstructionNot Attached Property
Property Information
Parcel Number: 490716104030000801

Price & Status

Price
List Price: $65,000Price Per Sqft: $53/sqft
Status Change & Dates
Off Market Date: Tue May 05 2026Possession Timing: Close Of Escrow

Location

Direction & Address
City: IndianapolisCommunity: I Mendenhall
School Information
High School District: Indianapolis Public Schools

Building

Building Area
Building Area: 1047 Square Feet

HOA

No HOA

Lot Information

Lot Area: 0.36 acres

Listing Info

Special Conditions: Probate Listing

Miscellaneous

Mls Number: 22097576

Price and Tax history

DateEventPrice
Jun 12, 2026
Source: MIBOR as distributed by MLS GRID #22097576
Sold
$55,000
May 6, 2026
Source: MIBOR as distributed by MLS GRID #22097576
Pending
$65,000
Apr 30, 2026
Source: MIBOR as distributed by MLS GRID #22097576
Listed For Sale
$65,000
Feb 29, 2016
Source: N/A
Sold
$15,000
Jan 14, 2016
Source: Agent Provided
Pending
$19,900

Market trends in Indianapolis

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$257K
$6.7KMoM
Sale-to-List Price
99.7%
0.1%MoM
Price per sq ft
$145
$1MoM
Available listings
4241
187MoM

Around this home

View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Forest Manor
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Forest Manor

At least 25 Trulia users voted on each feature.

  • 91 % Say car is needed

  • 88 % Say yards are well-kept

  • 72 % Say parking is easy

  • 69 % Say there's holiday spirit

  • 63 % Say it's dog friendly

  • 61 % Say kids play outside

  • 47 % Say there are sidewalks

  • 45 % Say neighbors are friendly

  • 44 % Say it's quiet

  • 37 % Say there's wildlife

  • 32 % Say they plan to stay for at least 5 years

  • 31 % Say it's walkable to restaurants

  • 29 % Say it's walkable to grocery stores

  • 27 % Say streets are well-lit

  • 22 % Say there are community events

  • 21 % Say people would walk alone at night

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "I’ve lived in this area for over 40 years and have relatives still live here. I still own the house I grew up in. It was a quiet neighborhood and a great place to grow up in. "
    0
    Flag
  • Shayla P.
    "violent lately but also sometimes quiet. I also have quiet neighbors and a pretty cool street minus the potholes but all in all it's ok. some but not many children live on my block bit a lot of older people make it a little safer."
    24
    Flag
  • Meetthefarrs
    "Love it the fact that I have grown in this neighborhood. Things have changed but thenoewve is still in the neighborhood "
    6
    Flag

LGBTQ Local Legal Protections

Based on information submitted to the MLS GRID as of 2026-09-21 01:07:54 PDT. 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. Click here for more information

Frequently asked questions about 3901 Wallace Ave

  • What is 3901 Wallace Ave estimated to be worth?
    Trulia's estimated value for 3901 Wallace Ave in Indianapolis, IN is $55,000.
  • What is the price history for 3901 Wallace Ave?
    3901 Wallace Ave in Indianapolis, IN last sold for $55,000 in June 2026.
  • Is Indianapolis a buyer's or seller's market?
    Indianapolis is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Indianapolis?
    The median sale price in Indianapolis is $257K. That is up $6.7K from the prior month.
  • How big is the lot at 3901 Wallace Ave?
    The lot at 3901 Wallace Ave in Indianapolis, IN is about 0.36 acres (15,682 sq ft).
  • Does 3901 Wallace Ave have parking?
    Yes, 3901 Wallace Ave in Indianapolis, IN has on-site parking.

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