About This Home

This 4-bedroom, 2-bathroom single family at 5047 Graceland Avenue in Indianapolis, IN is listed for $425,000 ($169 per sqft). Built in 1950, the home offers 2,514 sqft of living space on a 0.16 acres lot.

Key Features

  • Built in 1950
  • 0.16 acre lot
  • 2 stories
  • Fireplace

Property Details

2 stories
2 full
2-car garage
1950

Amenities

FireplaceHardwoodA/C
Listing Description

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.

Monthly Cost Estimate

$2,273/mo

20% down · 6.5% · 30 years

Principal$307
Interest$1,842
Insurance$124

Estimates only. Actual payments may vary.

Location

5047 Graceland Avenue

Indianapolis, IN 46208

Butler Tarkington

Property Details

Flooring

Hardwood

Construction

Brick

Heating

Forced Air

Cooling

Central Air

Appliances

DishwasherDisposalMicrowaveElectric OvenRefrigerator

Questions & Answers

This 4-bedroom, 2-bathroom single family at 5047 Graceland Avenue is listed at $425,000 ($169/sqft). The estimated monthly payment is $2,273 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1950, 0.16 acre lot, 2 stories, Fireplace.

This property is listed by Michael Johnson.

MJ

Michael Johnson

Agent at Encore Sotheby's International Realty

Listed by Encore Sotheby's International Realty · Broker phone: (317) 660-4444 · View on Broker Site · Broker website

MLS# 22116275· Source: Broker Listing Cooperative®· 97 days on PropertySimple

Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

5047 Graceland Avenue, Indianapolis, IN 46208

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