5047 Graceland Avenue Indianapolis, IN $ 425,000
5047 Graceland Avenue
$ 425,000
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5047 Graceland Avenue

Indianapolis, IN, 46208
$ 425,000
Bedrooms4 Baths2.0 Sq 3,771

Monthly Estimate*

$ 2,935

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Single Family Home for sale in Indianapolis, IN

for $425,000 with 4 bedrooms and 2 full baths. This 3,771 square foot home was built in 1950 on a lot size of 0.16.

Located in the heart of Indianapolis's historic Butler-Tarkington neighborhood, this four-bedroom brick cottage perfectly blends classic architectural character with modern convenience. A paneled foyer opens into an inviting living room, where a paneled fireplace wall serves as a cozy focal point. The main floor features an ideal layout for entertaining, flowing seamlessly into a formal dining room perfect for dinner parties or family meals, as well as a partially updated kitchen. Two main-floor bedrooms and a full bath round out the lower level. Upstairs, you'll find two additional spacious bedrooms alongside a second full bath that was completely renovated within the past five years. The screened patio is ideal for outdoor dining. A full unfinished basement provides excellent storage or a clean canvas for future living space. Beautiful hardwood floors throughout. 2 car detached garage. All of this within walking distance to Butler University, neighborhood shops and restaurants.

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Single Family Active

Price

$ 425,000

Bedrooms

4

Full Bath

2

Property Type

Single Family

Taxes

$ 4,624

Style

Traditional

Lot Size

0.16

Year Built

1950

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22116275

Features
General
Heating Forced Air
Cooling Central Air
Utilities Cable Available Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Possession Closing
Appliances Dishwasher Disposal Microwave Electric Oven Refrigerator
Garage Spaces 2
Patio/Porch Features Screened
Architectural Style Traditional
Construction Materials Brick
Year Built 1950
Township Washington
Levels Two
Property Subtype Single Family Residence
Tax Year 2025
County Marion
New Construction N
Property Type Residential
HOA N
Subdivision Name Butler Tarkington
Facing Direction West
Garage Y/N Y
Total Rooms 7
Full Baths 2
Status Active
Directions GPS Friendly
City Indianapolis
High School District Indianapolis Public Schools
MLS Area 4903 - Marion - Washington
Lot Size Square Feet 6882
Property Attached Y/N N
Current Financing Conventional
Additional Parcels Y/N N
Standard Status Active
Tax Lot 48
Legal Description Wheelers Illinois Heights L48 & 7.5' E & Adj
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Interior
Basement Unfinished
Total Fireplaces 1
Fireplace Features Living Room
Basement (Y/N) Y
Half Baths 0
Laundry Features In Basement
Total Bedrooms 4
Below Grade Finished Area 0
Main Level Bedrooms 2
Total Baths 2
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Exterior
Fencing Partial
Parking Features Detached
Lot Features City Lot Not In Subdivision Storm Sewer Mature Trees
Water Source Public
Foundation Details Block
Building Area Total 3771
Lot Size Acres 0.16
Waterfront Y/N N
Other Equipment Generator
Horse Amenities None
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* Excluded Features
List By
Encore Sotheby's International

Broker

mike.johnson@encoresir.com

Email

Affordability Calculator

$3,321
Per Month
88%
12%
0%
Monthly Principal & Interest
$2,935
Monthly Property Taxes
$385
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4044905 Elementary School
4044909 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/9/2026$425,000 -6.59% Price Down
8/19/2026$455,000 -4.19% Price Down
7/28/2026$474,900 Listed Price

Map


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5047 Graceland Avenue, Indianapolis, IN, 46208 is a Single Family Home for sale at $425,000 with 3,771 sqft and a lot size of 0.16. 5047 Graceland Avenue has 4 bedrooms, 2.0 baths, and was built in 1950. The property's zip code is 46208 which is in Indianapolis, IN