Residential Double Lot with
For Sale
$97,997
4825 Melrose Ave, Indianapolis, IN 46241
Double lot near major highways, with a garage, city utilities access, and two sets of build plans included.
Property SizeContact for details
Lot Size0.22 Acres
Days on Market402
Property Features for 4825 Melrose Ave
General Information
Standard status
Active
Lot size
0.22 Acres
Property subtype
Land
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Listing Agency:
F.C. Tucker Company
(317) 735-8345
Listed By:
Eric J Johnson
(317) 735-8345
Source:
Exprealty
Added: Jul 8, 2025
Changed: Aug 8
Last Checked: Jun 1 at 3:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of F.C. Tucker Company
Investment Insights
Based on property information with market context.
This offering is a residential double lot in Drexel Gardens that can be held as one larger corner lot or split into two buildable lots. The corner lot includes a garage that was previously connected to a house, and it is connected to city utilities. A brand-new garage door is also included. The sale includes two sets of build plans for buyer use, offering an option to proceed with a single home or plan for two homes.
The property is located near major Indianapolis-area highways, including I-65, I-69, I-70, I-74, and I-465. The seller notes the area is roughly 10–15 minutes from the Indianapolis International Airport, Indianapolis Motor Speedway, Lucas Oil Stadium, Gainbridge Fieldhouse, Downtown Indianapolis, and Eagle Creek Reservoir.
For buyers planning to build, the configuration supports either a single-corner-home approach or a two-lot layout using the included build plans.
The property is located near major Indianapolis-area highways, including I-65, I-69, I-70, I-74, and I-465. The seller notes the area is roughly 10–15 minutes from the Indianapolis International Airport, Indianapolis Motor Speedway, Lucas Oil Stadium, Gainbridge Fieldhouse, Downtown Indianapolis, and Eagle Creek Reservoir.
For buyers planning to build, the configuration supports either a single-corner-home approach or a two-lot layout using the included build plans.
Key Highlights
- Double lot in Drexel Gardens can be kept as one lot or split into two .11‑acre lots
- Corner lot has a garage and previously had a house on it
- Corner lot connected to city utilities
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
315
Businesses Nearby
Explore this area
Business Placement
Demographics for 46241, IN
33,568
Population
12,414
Households
2.7
Avg Household Size
33
Median Age
15%
College-Educated
73%
High-School Grad
23.9 sq mi
ZIP Area
1,405
Density / Sq Mi
$51,598
Median Household Income
$33,477
Median Earnings
$1,118
Median Rent
$111,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Double lot near major highways, with a garage, city utilities access, and two sets of build plans included.
Where is this residential land & home lot located?
The property is located at 4825 Melrose Ave Indianapolis, IN.
What is the asking price?
The asking price for this property is $97,997.
What are key features of this property?
This property features: Double lot in Drexel Gardens can be kept as one lot or split into two .11‑acre lots; Corner lot has a garage and previously had a house on it; Corner lot connected to city utilities
