5230 Melrose Avenue | MLS #MBR22101329

Listing provided courtesy of The Stewart Home GroupMLS# MBR22101329

5230 Melrose Ave offers a great opportunity for a first time home buyer or investor looking for convenience in Indianapolis. This updated 2 bedroom home is located just 10 minutes from Downtown with quick access to I 70 and I 465. Featuring updated flooring, a functional layout, detached garage, fenced yard, and a workshop shed with additional storage or hobby space, this home is move in ready with flexibility to fit your lifestyle.

Source: MIBOR, MLS#: MBR22101329

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Property Type

Residential
Lot

0.11 acres

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Owning this Home

Estimated Monthly Cost

Price

Down Payment

$ %

Loan Length (years)

Interest Rate

* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 5230 Melrose Avenue

Schools

School data courtesy of LiveBy, Inc.

Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date	Event	Value	Agent
5/14/2026Source: MIBOR	Status Change	Pending
5/11/2026Source: MIBOR	Added to Database	May 11, 2026