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4607 Melrose Avenue, Indianapolis, IN 46241

Here's 4607 Melrose Avenue in Indianapolis, IN 46241. This listing is pending, but I can still walk you through the details.

1 photo from the listing — tap any to expand.

Photo of 4607 Melrose Avenue, Indianapolis, INPending — 4607 Melrose Avenue, Indianapolis, IN 462411 / 1

Quick read on the numbers:

$124,900

Pending
Beds

3

Baths

1

Sq ft

1,056

Built

1982

Acres

0.11

Here's what I think this home is worth:

FREE FROM SHELDON

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Key things to know

  • Drexel Gardens subdivision

From the listing

Welcome home to this charming 3-bedroom, 1-bath bungalow offering 1,056 sq. ft. of comfortable single-level living! Built in 1982, this home features low-maintenance vinyl siding, vinyl windows, and a functional layout designed for everyday convenience. Whether you're a first-time homebuyer, looking to downsize, or seeking an investment opportunity, this property offers great potential and value. Schedule your showing today!

A few highlights from the feature list:

Interior

Breakfast BarWoodWorkStain/Painted

I'll break the details down — open any section that matters.

Price history

  1. PendingAccepted offer

    Jun 19, 2026

  2. Listedat $124,900

    Jun 16, 2026

Drexel Gardens · activity

past 6 months

Sold
7
Median price
$114,000
Median DOM
24 days

A few similar homes that recently sold nearby:

Recent comparable sales

Same zip · similar size

  • 710 S Norfolk Street

    $105,000

    710 S Norfolk Street

    3bd · 1ba · 984 sqft

    Sold Jun 2026

  • 6845 Walton Street

    $275,000

    6845 Walton Street

    3bd · 2ba · 1,162 sqft

    Sold Jun 2026

  • 1722 S Goodlet Avenue

    $195,000

    1722 S Goodlet Avenue

    3bd · 2ba · 1,024 sqft

    Sold May 2026

  • 5650 W Minnesota Street

    $215,000

    5650 W Minnesota Street

    2bd · 1ba · 1,032 sqft

    Sold Jun 2026

  • 621 Aberdeen Drive

    $215,000

    621 Aberdeen Drive

    3bd · 2ba · 1,364 sqft

    Sold Jun 2026

Comparative value

5 comps in this range

This home is 42% below median for similar nearby sales.

$105K$275KMedian $215K
$125K

A few places to dig deeper:

Drexel Gardens MSD Wayne Township

MLS# 22108545

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