4817 Melrose Avenue | MLS #MBR22090126

Listing provided courtesy of F.C. Tucker CompanyMLS# MBR22090126

**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!

Source: MIBOR, MLS#: MBR22090126

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Property Type

Land
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 4817 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
6/26/2026Source: MIBOR	Status Change	Pending
3/21/2026Source: MIBOR	Added to Database	March 21, 2026