REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Zachary Canull • Canull Group LLC
$ 450,000
Est. payment /mo
Active
4248 Graceland AVE Indianapolis, IN 46208
5,662 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Pomona Place
MLS Listing ID 22103421
Year Built 1920
Tax Year 2025
Lot Size 5,662 Sqft
Acres 0.13
Property Sub-Type Duplex
Property Description
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.
Location
State IN
County Marion
Rooms
Basement Full, Storage Space, Unfinished, Walk-Out Access
Interior
Heating Forced Air
Cooling Central Air
Equipment None
Fireplace N
Exterior
Exterior Feature Not Applicable
Roof Type Asphalt
Building
Story Two
Foundation Block, Full
Architectural Style Traditional
Structure Type Cedar,Wood Siding
New Construction false
Schools
School District Indianapolis Public Schools
© 2026 All listing information is courtesy of MIBOR Broker Listing Cooperative(R) as distributed by MLS Grid. All rights reserved.
NEARBY SCHOOLS & PROPERTIES