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    4155 Graceland Ave Indianapolis, IN 46208

    Pending
    For Sale
    $649,999

    Quadruplex - Indianapolis, IN

    Type:Quadruplex
    Lot size:
    0.10 Acres
    Days on Market:
    56
    Last Refresh:
    Dec 5 at 2:06 am

    Property Features for 4155 Graceland Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Quadruplex
    Standard status
    Pending
    APN
    490614115006000801
    Lot size
    0.10 Acres

    Building Details

    Year built
    1915
    Number of units
    4
    Architectural style
    Other

    Highgarden Real Estate (317) 280-4663 [email protected]

    Listing agent Alexandria Heygood (317) 205-4320 License #RB19001282

    Listing date Oct 11, 2025

    MLS# 22046971 Listing URL

    Copyright © 2025 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Butler Tarkington Quadruplex Opportunity

    Located in Butler Tarkington, this quadruplex presents a blend of character, functionality, and investment potential. The main house exudes timeless charm, showcasing two wood staircases, original built-in shelving, and spacious living areas. It features 4 bedrooms and 4 full bathrooms. The updated kitchen includes new cabinets and countertops. The fourth bedroom, located in the basement, is accessible from inside the home or via a private side entrance. The property includes a large covered front porch and a fully fenced yard. Connected to the main house is a brick building that houses three updated 1-bedroom, 1-bath apartments, complete with granite countertops and tiled showers. These apartments are currently leased. Situated on a 0.1-acre lot, this property offers opportunities for multi-generational living, house hacking, or use as a turn-key rental.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.162508
    Latitude
    39.831992

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    FAQs

    What type of property is this?
    Quadplex - Unique quadruplex with updated apartments and charming main house.
    Where is this quadplex located?
    The property is located at 4155 Graceland Ave Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $649,999.
    What are key features of this property?
    This property features: - Turn-key investment opportunity with three already-leased, updated 1-bedroom apartments.; - Main house features **4 bedrooms and 4 full bathrooms**, offering ample living space.; - **Updated kitchen with brand new cabinets and countertops.**
    (317) 205-4320
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    Indianapolis, IN 46208
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4155 Graceland Ave Indianapolis, IN 46208
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