$97,997
4825 Melrose Avenue
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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Map to 4825 Melrose Avenue, Indianapolis, IN 46241
MLS #
22040254
Date Listed
2025-07-07
Status
Active
Property Type
Lots and Land
Property SubType
Residential Lots
New Construction
No
Type
Residential Lots
Year Taxes Payable
2024
Virtual Tour
listing.threesixtyindy.com »
Days on Market
153
Zoning
Residential
External Features
Construction
Residential Lots
Lot Size
9,584 sq ft
Acreage
0.22 Acres
Sewer
Municipal Sewer Connected
Water
Public
Fence
None
Location
Area
Marion
County
Marion
Subdivision
Drexel Gardens
Township
Wayne
City
Indianapolis
State
IN
Zip
46241
Schools
School District
Indianapolis Public Schools
Financial
Assoc. Dues
$0.00
| MLS # | 22040254 |
|---|---|
| Date Listed | 2025-07-07 |
| Status | Active |
| Property Type | Lots and Land |
| Property SubType | Residential Lots |
| New Construction | No |
| Type | Residential Lots |
| Year Taxes Payable | 2024 |
| Virtual Tour | listing.threesixtyindy.com » |
| Days on Market | 153 |
| Zoning | Residential |
| Construction | Residential Lots |
|---|---|
| Lot Size | 9,584 sq ft |
| Acreage | 0.22 Acres |
| Sewer | Municipal Sewer Connected |
| Water | Public |
| Fence | None |
| Area | Marion |
|---|---|
| County | Marion |
| Subdivision | Drexel Gardens |
| Township | Wayne |
| City | Indianapolis |
| State | IN |
| Zip | 46241 |
| School District | Indianapolis Public Schools |
|---|
| Assoc. Dues | $0.00 |
|---|
MLS# 22040254
IDX information provided by the MIBOR REALTOR® Association.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Listing Provided Courtesy of Eric J Johnson
F.C. Tucker Company
eric.johnson@talktotucker.com
Listing updated August 7, 2025 at 3:09 pm
Last checked 12 minutes ago
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