$474,900

beds

baths

3,771

square ft

5047 Graceland Avenue

Indianapolis, Indiana 46208

New / MLS #22116275 / Single Family / Butler-Tarkington

Listing information updated 7/28/2026 at 5:26pm

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.

Full Features

Architecture Style:

Traditional

Exterior Type:

Brick

Basement:

Unfinished

Beds Above Grade:

Cooling System:

Central Air

Heating System:

Forced Air

Appliances:

Dishwasher, Disposal, Microwave, Electric Oven, Refrigerator

Main Level Primary Bedroom:

Yes

Fireplace:

Yes

Pool:

Age:

76 Years

Parking Spaces:

Garage:

Garage - 2 Car(s)

Room Count:

Water Front:

Square Feet:

3,771

Lot Size:

0.16 Acres

Acreage:

0.16

Internal Features:

Hardwood Floors

External Features:

Patio/Porch

Room Information

Living Room:

16x12 - Main

Dining Room:

12x10 - Main

Kitchen:

13x10 - Main

Primary Bedroom:

15x11 - Main

2nd Bedroom:

15x11 - Main

3rd Bedroom:

14x11 - Upper

4th Bedroom:

13x11 - Upper

Taxes & Assessments

Tax Amount:

N/A

Tax Year:

2025

Location

Zip Code:

46208

City:

Indianapolis

County:

Marion

Schools

School District(s):

Indianapolis Public Schools

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Architecture Style:

Traditional

Exterior Type:

Brick

Basement:

Unfinished

Beds Above Grade:

Cooling System:

Central Air

Heating System:

Forced Air

Appliances:

Dishwasher, Disposal, Microwave, Electric Oven, Refrigerator

Main Level Primary Bedroom:

Yes

Fireplace:

Yes

Pool:

Age:

76 Years

Parking Spaces:

Garage:

Garage - 2 Car(s)

Room Count:

Water Front:

Square Feet:

3,771

Lot Size:

0.16 Acres

Acreage:

0.16

Internal Features:

Hardwood Floors

External Features:

Patio/Porch

Living Room:

16x12 - Main

Dining Room:

12x10 - Main

Kitchen:

13x10 - Main

Primary Bedroom:

15x11 - Main

2nd Bedroom:

15x11 - Main

3rd Bedroom:

14x11 - Upper

4th Bedroom:

13x11 - Upper

Tax Amount:

N/A

Tax Year:

2025

Zip Code:

46208

City:

Indianapolis

County:

Marion

School District(s):

Indianapolis Public Schools

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Listing Office: Encore Sotheby's International

Listing Office Phone: 317.660.4444

Disclaimer: The data relating to real estate for sale on this website comes courtesy of MIBOR REALTOR® Association as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 7/28/2026 at 5:26pm. 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.