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3649 Graceland Avenue

Indianapolis, IN 46208
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Bed 2

Bed

Bath 2

Bath

SqFt1,549

Sqft

Acres0.10

Acre(Lot)

This charming 1.5-story home blends historic character with modern updates and strong investment appeal. Featuring newer HVAC, electrical, plumbing, roof, windows, and siding, the major systems have already been taken care of, offering peace of mind for years to come. The kitchen showcases updated cabinetry, countertops, and appliances with ample storage space, while the main level includes a versatile office/den or TV room, a convenient half bath, and a separate laundry room, all finished with durable waterproof laminate flooring. Upstairs, you'll find two spacious bedrooms and an impressive amount of additional closet space not included in the listed square footage, adding even more functionality to the home. Outside, enjoy relaxing on the expansive covered front and back porches, alo ng with the convenience of off-alley parking for two vehicles. The property also features a fully fenced-in backyard with a privacy fence, providing a great outdoor space for tenants or future occupants. Currently rented at $1,500/month through January 2027, this is a turnkey, income-producing asset from day one. With minimal maintenance needs and all major updates already completed, this property offers an easy, effortless buy-and-hold opportunity with essentially zero deferred maintenance. Affordable, stylish, and fully stabilized-this one is truly a set-it-and-forget-it investment that won't last long.

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Detail Ic Property Details

Property Type : Residential

Price : $189,900

AD Id : 79649962

MLS Id : MBR22105119

Beds : 2

Lot Size : 0.10 Acre

Living Area Size : 1,549

Year Built : 1910

County : Marion

Subdivision: Timberlane

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Feature Features

  • Bedroom Information

    Total Bedroom: 2

    Bathroom Information

    Total Baths: 2 Full Baths: 1 Half Baths: 1

    Room Information

    Rooms Total: 6 Has Basement: Yes

    Interior Features

    Eat-in Kitchen, Pantry, Walk-In Closet(s) Appliances: Gas Cooktop, Dishwasher, Dryer, Disposal, Gas Water Heater, Microwave, Gas Oven, Refrigerator, Washer, Water Heater Laundry Features: Laundry Room
  • Flooring Information

    Construction Materials: Vinyl Siding
  • Heating & Cooling

    Heating: Natural Gas Cooling: Central Air WaterSource: Public

  • Building Information

    Year Built: 1910

  • Lot Information

    Lot Square Feet: 4400 Lot Acres: 0.1

    Property Information

    Property Type: Residential Sub Type: Single Family Residence Style: Traditional

  • Listing Price Information

    Original List Price:$195000

  • Tax Information

    Tax Lot: 49-06-23-125-009.000-101 Tax Legal Description: Bailey Heirs Sub Harrison Co Add 34Ft S Side L10 Tax Year: 2024 Parcel Number: 490623125009000101 Tax Exemption: Homestead Tax Exemption

  • Parking Information

    Alley Access, Concrete

  • Utility Information

    Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected Water Source: Public
  • Location Information

    Subdivision: T C Harrison & Cos City: Indianapolis Direction: GPS Friendly
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2202 N Illinois Street, Indianapolis, IN, 46208 $650,000 9 5 4,163 4,163 SqFt
2341 N Kenwood Avenue, Indianapolis, IN, 46208 $194,900 3 2 2,556 2,556 SqFt
2302 N Kenwood Avenue, Indianapolis, IN, 46208 $307,000 3 3 1,888 1,888 SqFt
3554 N Illinois Street, Indianapolis, IN, 46208 $198,000 2 2 2,026 2,026 SqFt
5548 N Meridian Street, Indianapolis, IN, 46208 $724,900 3 3 3,714 3,714 SqFt
2838 N Kenwood Avenue, Indianapolis, IN, 46208 $219,900 5 3 3,126 3,126 SqFt
3449 N Kenwood Avenue, Indianapolis, IN, 46208 $299,999 3 3 1,974 1,974 SqFt
22 W 54th Street, Indianapolis, IN, 46208 $849,900 4 4 3,348 3,348 SqFt
3428 N Kenwood Avenue, Indianapolis, IN, 46208 $235,000 4 2 2,820 2,820 SqFt
143 W 33rd Street, Indianapolis, IN, 46208 $375,000 3 3 3,347 3,347 SqFt
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ByOwner last updated this listing 06/18/2026 @ 18:20

MLS: MIBOR #22105119 LISTED BY: Aaron Coats, eXp Realty LLC 317-524-0241 SOURCE: MIBOR REALTOR® Association (Listings courtesy of MIBOR REALTOR® Association as distributed by MLS GRID)

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