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$435,000

4248 Graceland Avenue, Indianapolis IN, 46208

Price per sqftN/A
Built in1920
Property typeMulti-family
Courtesy of Canull Group LLC, Zachary Canull Listing Contact:

Overview

Active

Listed May 20, 2026

Updated Aug 10

Attention investors & house hackers! Check out 4248-4250 Graceland Ave in Butler Tarkington. Both sides feature 3-bedroom, 2-bath units with updated kitchens boasting granite countertops, white shaker cabinets, stainless steel appliances, and tile backsplashes. Both units have eat-in dining nooks and mud rooms off the back door. Hardwood floors throughout, fenced in yards, and off-street parking via alley access add to the appeal. Vinyl windows, updated electrical & plumbing and French drains in the full basements are excellent for storage. 4248 side is currently tenant-occupied through April 2027 and professionally managed, providing immediate income and excellent house-hacking potential - let the tenant help pay your mortgage. Located within walking distance to Butler University, this property is ideal for student housing or continued rental income. Plus, the basements with side entrances offer exciting potential to add additional dwelling units. Don't miss this turnkey duplex in one of Indianapolis' most desirable neighborhoods. Only 10 minutes to downtown Indy or Broad Ripple.

$2,894/mo

Est. mortgage payment based on a $435,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
22103421

Interior Features

Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.13 Acres

Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID

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Based on information submitted to the MLS GRID as of 3:16 AM UTC on 8/10/2026. 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.

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