3649 Graceland Avenue, Indianapolis, IN 46208 (MLS # 22105119)

Price $195,000
Status Active
Beds 2
Baths 2 Baths
Home size 1,165 sqft
Lot Size 4,356 sqft
Days on Market 13
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, along 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.
Property Type(s): Single Family
Last Updated 5/30/2026 Tract T C Harrison & Cos
Year Built 1910 Community 4910 - Marion - Center
County Marion

Additional Details

AIR Central Air
AIR CONDITIONING Yes
APPLIANCES Dishwasher, Disposal, Dryer, Gas Cooktop, Gas Oven, Gas Water Heater, Microwave, Refrigerator, Washer, Water Heater
AREA 4910 - Marion - Center
BASEMENT Unfinished, Yes
CONSTRUCTION Vinyl Siding
HEAT Natural Gas
INTERIOR Eat-in Kitchen, Pantry, Walk-in Closet(s)
LOT 4356 sq ft
PARKING Alley Access, Concrete
STORIES 1.5
STYLE Traditional
SUBDIVISION T C Harrison & Cos
UTILITIES Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
WATER Public

Location

 

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