5230 Melrose AVE Indianapolis, IN 46241 Open Sun 12PM-2PM

UPDATED: 05/12/2026 10:18 PM ON MARKET: 2 days on market

$135,000

2 Beds1 Bath730 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 730 sqft

Price per Sqft $184

Subdivision Drexel Gardens

MLS Listing ID 22101329

Bedrooms 2

Full Baths 1

HOA Y/N No

Year Built 1949

Tax Year 2024

Lot Size 4,791 Sqft

Acres 0.11

Property Sub-Type Single Family Residence

Property Description

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.


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