LKV Realty
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$474,900
$2,400Reward *
5047 Graceland Avenue, Indianapolis, IN 46208Listing ID 22116275

5047 Graceland Avenue, Indianapolis, IN 46208

Active
Butler Tarkington
Time on site: 21 daysLast updated: Jul 28, 2026
Property Type
Property Type
Residential
Property Sub Type
Property Sub Type
Single Family Residence
Bedrooms
Bedrooms
4
Bathrooms
Bathrooms
2
Square Feet
Square Feet
3,771
Acres
Acres
0.16
Days on Site
Days on Site
20
Cooling
Cooling
Central Air
Heating
Heating
Forced Air
Year Built
Year Built
1950
Garages
Garages
2
Parking
Parking
Detached

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.

Property Information

Property Details

Location

Address
5047 Graceland Avenue
County
Marion
City
Indianapolis
Zip Code
46208
Subdivision
Butler Tarkington
School District
Indianapolis Public Schools
MLS Area
4903 - Marion - Washington

Interior Features

Beds and Baths

Bedrooms
4
Main Level Bedrooms
2
Full Bathrooms
2

Building

Building Information

Square Feet
3,771
Year Built
1950
Construction
Brick
Foundation
Block

Property Taxes

Tax Year
2025
Encore Sotheby's International, (317) 660-4444

Market Report for 46208

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: MIBOR REALTOR® Association
MIBOR REALTOR® Association logo

Based on information submitted to the MLS GRID as of 17 Aug 2026, 09:27 AM UTC. 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. Some IDX listings have been excluded from this website.

For corrections to this data please contact Brytecore MLS Support.

MBR14377