4825 Melrose Avenue Indianapolis, IN $ 97,997
4825 Melrose Avenue
$ 97,997
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4825 Melrose Avenue

Indianapolis, IN, 46241
$ 97,997
Bedrooms-- Baths0.0

Monthly Estimate*

$ 677

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Lots and Land for sale in Indianapolis, IN

for $97,997. The lot size is 0.22.

CALLING ALL INVESTORS! Here is a Great Opportunity for a double lot in Drexel Gardens! This double lot provides ample opportunity for someone looking to build not just one but two possible homes. This lot can be kept as one large corner lot OR split into two if someone so desires! The split would provide two .11/acre lots that are easily buildable and a chance to maximize your return on investment! The corner lot with the garage had a house on it at one time and is connected to city utilities so it's ready to go and has a brand new garage door on it as well. Purchase will come with TWO sets of build plans for you to use if you wish. Why pay for new plans when these are at your disposal!? Located near all the major highways (I65, I69, I70, I74 & I465) this location is PRIME!! It's only 10-15 Minutes from: The Indianapolis International Airport, The Indianapolis Motor Speedway, Lucas Oil Stadium, Gainbridge Fieldhouse, Downtown Indy's Circle Center, Eagle Creek Reservoir and more! Once the house(s) are built, there could be year round short term rental revenue for events such as The Indianapolis 500, Brickyard 400, All Colts Games, All Pacer games, GenCon, Boat Sport & Travel shows, etc...Indy has conventions all year long and is known to be a great Host City. Why not build close to all the action?! Set up your showing today and let's make a deal happen!

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Lots and Land Active

Price

$ 97,997

Property Type

Lots and Land

Taxes

$ 1,098

Style

Residential Lots

Lot Size

0.22

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22040254

Features
General
Sewer Public Sewer
Possession Closing
Development Status Finished Lot(s)
Zoning Residential
Topography Cleared Level
Township Wayne
Property Subtype Residential Lots
Tax Year 2024
County Marion
New Construction N
Property Type Land
HOA N
Subdivision Name Drexel Gardens
Other Structures See Remarks Other
Status Active
Directions GPS Friendly
City Indianapolis
High School District Indianapolis Public Schools
MLS Area 4909 - Marion - Wayne
Lot Size Square Feet 9584
Additional Parcels Y/N N
Virtual Tour https://listing.threesixtyindy.com/ut/4825_Melrose_Ave.html https://listing.threesixtyindy.com/bt/4825_Melrose_Ave.html
Standard Status Active
Tax Lot 491118113223000900
Legal Description Drexel Gardens No. 2 L493 & L494
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Exterior
Lot Features Corner Lot
Water Source Public
Lot Size Acres 0.22
Road Surface Type Asphalt
Road Frontage Type City Street
Number of Lots 2
Horse Amenities None
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* Excluded Features
List By
F.C. Tucker Company

Broker

eric.johnson@talktotucker.com

Email

Affordability Calculator

$768
Per Month
88%
12%
0%
Monthly Principal & Interest
$677
Monthly Property Taxes
$92
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
4044905 Elementary School
4044909 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/8/2025$97,997 Listed Price

Map


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4825 Melrose Avenue, Indianapolis, IN, 46241 is a Lots and Land for sale at $97,997 with a lot size of 0.22. 4825 Melrose Avenue has 0.0 baths. The property's zip code is 46241 which is in Indianapolis, IN