4248 Graceland Avenue, Indianapolis, IN 46208

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.

Listing Status:

Active

Data Last Updated:

July 5, 2026 at 1:20AM

Listing Office:

Canull Group LLC : 317-496-3632

Listing Agent:

Zachary Canull : 317-496-3632

MLS ID:

22103421

Interior

• Laundry: In Basement
• Basement: FullStorage SpaceUnfinishedWalk-Out Access
• A/C: Central Air
• Heating: Forced Air

Exterior

• General: Not Applicable
• Style: Traditional
• Parking: Alley Access

Construction

• Roofing: Asphalt
• General: TwoBlockFull

Location

• Road/Access: City Street
• HOA Amenities: fireplaceupdated kitchen and bathrooms.
• Originating MLS: mibor
• School District: Indianapolis Public Schools
• County: Marion

Lot

• Zoning: Pomona Place L3490614149001000801
• Fencing: Full
• Current Use: Residential

Financial

• Source: mibor