**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!
Sold
$24,000
4817 Melrose Ave, Indianapolis, IN 46241
--beds
--baths
4,791Square Feet
Unimproved Land, Residential Lots
Built in ----
4,791 Square Feet Lot
$-- Zestimate®
$--/sqft
$1,417 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,417/mo
Zestimate® history
Owner options
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$1,417/mo
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$1,417/mo
Rent Zestimate®
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$121/mo
Est. payment
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$121/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Preeti Chaggar 510-926-2125,
F.C. Tucker Company
Bought with:
Preeti Chaggar
F.C. Tucker Company
Source: MIBOR as distributed by MLS GRID,MLS#: 22090126
Facts & features
Property
Features
- Fencing: Fenced,Chain Link
Lot
- Size: 4,791 Square Feet
- Features: Rural - Not Subdivision
- Topography: Level
Details
- Additional structures: Equipment Shed
- Parcel number: 491118113222000900
- Zoning: Residential
- Zoning description: Single Family
- Horse amenities: None
Utilities & green energy
- Water: Municipal Water Near By
Community & HOA
Community
- Subdivision: Drexel Gardens
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $8,500
- Annual tax amount: $258
- Date on market: 3/21/2026
- Cumulative days on market: 97 days
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 7/16/2026 | Sold | $24,000-20% |
Source:  MIBOR as distributed by MLS GRID #22090126 Report a problem | ||
| 6/26/2026 | Pending sale | $30,000 |
Source: MIBOR as distributed by MLS GRID #22090126 Report a problem | ||
| 3/21/2026 | Listed for sale | $30,000+177.5% |
Source: MIBOR as distributed by MLS GRID #22090126 Report a problem | ||
| 7/29/2011 | Sold | $10,812 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $258 -14.6% | $8,500 -5.6% |
| 2024 | $301 +1.1% | $9,000 |
| 2023 | $298 +151% | $9,000 +1.1% |
| 2022 | $119 0% | $8,900 +102.3% |
| 2021 | $119 | $4,400 |
| 2020 | $119 +14.9% | $4,400 |
| 2019 | $103 +0% | $4,400 |
| 2018 | $103 0% | $4,400 |
| 2017 | $103 | $4,400 |
| 2016 | $103 +17.5% | $4,400 |
| 2014 | $88 +4.9% | $4,400 |
| 2013 | $84 | $4,400 |
| 2012 | $84 | $4,400 -90.7% |
| 2011 | -- | $47,300 -1.3% |
| 2010 | $309 +9.8% | $47,900 -1.6% |
| 2009 | $282 | $48,700 -4.5% |
| 2007 | -- | $51,000 -19% |
| 2004 | -- | $63,000 |
| 2003 | -- | $63,000 +223.1% |
| 2002 | -- | $19,500 +200% |
| 2001 | -- | $6,500 |
| 2000 | -- | $6,500 |
Find assessor info on the county website
Neighborhood: Park Fletcher
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Nearby schools
GreatSchools rating
- 4/10Maplewood Elementary SchoolGrades: PK-6Distance: 0.3 mi
- 4/10Lynhurst 7th & 8th Grade CenterGrades: 7-8Distance: 1 mi
- NABen Davis Ninth Grade CenterGrades: 9Distance: 4 mi
- Indiana
- Marion County
- Indianapolis
- 46241
- Park Fletcher
- 4817 Melrose Ave
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