For Sale17d on market
4817 Melrose Ave
Indianapolis, IN, 46241 • Park Fletcher • Marion County
$30,000
0.11 acLot
Property DNA
Drexel Gardens
Park Fletcher
Equipment Shed
Equipment Shed
Market activity
Demand and pricing signals for this listing
170 views
People checking out this listing
9 saves
Buyers have saved this home
17 days on market
Recently listed
About this home
Lot
**INVESTOR & BUILDER OPPORTUNITY IN DREXEL GARDENS!** Great opportunity to own **two adjoining, already separated lots** with flexible building potential-perfect for building one or two homes. One lot previously had a home and is connected to city utilities, giving future construction a head start. The property includes an **open shed for storage** and a **carport**, adding immediate functionality. Conveniently located with easy access to major highways and key Indianapolis destinations. Buyer to verify zoning, permitted uses, and utility details. Schedule your showing today!
Estimated monthly payment
Based on current rates
$196/month
Principal & Interest$156
Property Tax$30
Insurance$10
Down payment20% ($6,000)
3%50%
Est. 6.75% rate · 30yr fixed · $24,000 loan
Full calculator →At a glance
Key facts and listing details
Property
Home typeLot
Sub-typeUnimproved Land, Residential Lots
Systems
Water / SewerMunicipal Water Near By
Parking & Outdoor
FencingFenced,Chain Link
Lot4,791 sqft
Location & Tax
NeighborhoodPark Fletcher
ZoningResidential
Annual tax$258
Parcel491118113222000900
Features & details
2 categories of property features
Exterior Features
Lot Features
Rural - Not Subdivision
Other Structures
Equipment Shed
Listing insights
Market data and value estimates
StatusFor Sale
Days on market17
Tax rate0.96%
On marketMar 21, 2026
PostedMar 21, 2026
Last sold$10,812
MLS statusActive
MLS updatedMar 21, 2026
Tour days6
Views170
Favorites9
How are the schools in Indianapolis?
3 schools rated nearby
Location
Indianapolis, IN, 46241
Price history
2 events
DateEventPrice$/sqftSource
Mar 21, 2026Listed For Sale$30,000—MIBOR as distributed by MLS GRID
Jul 29, 2011Sold$10,812—Public Record
Listed For Sale$30,000
Mar 21, 2026•MIBOR as distributed by MLS GRID
Sold$10,812
Jul 29, 2011•Public Record
Tax history
21 years of records
YearTax paidAssessed value
Apr 8, 2024$301$9,000
Apr 8, 2023$298$9,000
Apr 8, 2022$119$8,900
Apr 8, 2021$119$4,400
Apr 8, 2020$119$4,400
Apr 8, 2019$103$4,400
Apr 8, 2018$103$4,400
Apr 8, 2017$103$4,400
Apr 8, 2016$103$4,400
Apr 8, 2014$88$4,400
Apr 8, 2013$84$4,400
Apr 8, 2012$84$4,400
Apr 8, 2011—$47,300
Apr 8, 2010$309$47,900
Apr 8, 2009$282$48,700
Apr 8, 2007—$51,000
Apr 8, 2004—$63,000
Apr 8, 2003—$63,000
Apr 8, 2002—$19,500
Apr 8, 2001—$6,500
Apr 8, 2000—$6,500
Nearby homes
Neighborhood details
Local context around this listing
Indianapolis, IN • Marion County
Nearby neighborhoods
Chapel Hill-Ben DavisDowntownEagledaleEast WarrenFar EastsideGarden CityNear EastsideSnacks-Guion CreekSouth FranklinSouth Perry
Nearby cities
Beech GroveCumberlandIndianapolisLawrenceSouthportSpeedway
Nearby zip codes
46203462174621946220462224622446226462274623746254
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Based on information submitted to the MLS GRID as of 2026-04-08 10:47:58 PDT. 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. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
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