5230 Melrose Ave

Indianapolis IN 46241

730 sq. ft.

4704 sq. ft.

Single-Family

Last sold for $139,000

Kendell Bonner Jr., last sold this property on 29 June 2026 after 48 days on market.

Overview

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.

Features

2 bedrooms

1 bathroom

2 carspaces

2 garage spaces

730 sq. ft. floor area

4704 sq. ft. lot size

Single-Family

Estimated Value

Based on this property and similar 2 bedroom single-family properties sold in Indianapolis over the last 12 months, the estimated median property value of 5230 Melrose Ave is $133.5k.

Median value

$133.5k

Estimated value range

$28k - $259.9k

Median days on market

Estimated value trend

increase over the last 12 months

Average days on market is based on recent, comparable sales in Indianapolis. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 5230 Melrose Ave

2026

Sold

$139,000

29 Jun 2026 by Kendell Bonner Jr., of The Stewart Home Group

2019

Sold

$40,900

18 Jan 2019 by Tamara Carroll, of REMAX ONE - Mike Price Realty Team | Plainfield

2018

Rented

Undisclosed

02 Nov 2018 by REMAX ONE - Mike Price Realty Team | Plainfield

Happy sellers in Indianapolis

We have insufficient information to provide an overview of customer satisfaction for Indianapolis. Viewing the agent profiles, reviews and sales for Indianapolis can provide insights for this location.