545 E Merrill St, Indianapolis, IN 46203
Property image
Property image
OFF MARKET

545 E Merrill St
Indianapolis, IN 46203

Downtown
  • 2 Beds
  • 1 Bath
  • 1,626 sqft

$324,000

Trulia Estimate
as of Jul 21, 2026
Est. Refi. Payment $1,983/mo*
Refinance Your Home

$324,000

Trulia Estimate
as of Jul 21, 2026
Est. Refi. Payment $1,983/mo*
Refinance Your Home
2 Beds
1 Bath
1,626 sqft

Local Information

  • Map ViewExplore the area around 545 E Merrill St.
  • Schools2 Preschool Schools3 Elementary Schools1 Middle School4 High Schools
  • Shop & Eat
-- mins to
Commute Destination

Description

Charming 2BR, 1BA in historic Fletcher Place just steps from Lucas Oil and Gainbridge Fieldhouse, Downtown Indy, Fountain Square and the Cultural Trail. Home has high ceilings throughout first floor, a newer bathroom and kitchen, and is being freshly painted on the inside. Fenced in front and backyard. Hardwood floors and 1 car garage. Also listed next door BLC# 21963124 for $274,900 if you want to buy both and have a bigger future footprint in this popular neighborhood with ever bigger new homes being built!
545 E Merrill St, Indianapolis, IN 46203 is a 2 bedroom, 1 bathroom, 1,626 sqft single-family home in Downtown, built in 1955. It last sold for $325,000 on Aug 20, 2024 (3% below the $335,000 asking price). More recently, it was listed as a rental in December 2024 with an asking price of $3,100 per month. That rental listing was removed on May 19, 2025. It is currently off market. The Trulia Estimate is $324,000, with a rent estimate of $1,861/month.

Home Highlights

Parking
Garage
Outdoor
Yes
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
180+ days ago

Home Details for 545 E Merrill St

Active Status

MLS Status: Sold

Interior Features

Interior Details
Basement: CellarNumber of Rooms: 6
Beds & Baths
Number of Bedrooms: 2Main Level Bedrooms: 2Number of Bathrooms: 1Number of Bathrooms (full): 1Number of Bathrooms (main level): 1
Dimensions and Layout
Living Area: 1626 Square Feet
Appliances & Utilities
Appliances: Dishwasher, Dryer, Gas Water Heater, Gas Oven, Refrigerator, Washer, Water Softener OwnedDishwasherDryerRefrigeratorWasher
Heating & Cooling
Heating: Forced AirHas CoolingHas HeatingHeating Fuel: Forced Air
Windows, Doors, Floors & Walls
Flooring: Hardwood
Levels, Entrance, & Accessibility
Stories: 1Levels: OneFloors: Hardwood

Exterior Features

Exterior Home Features
Patio / Porch: CoveredFencing: Fenced, Fence Complete, Fence Full RearOther Structures: StorageFoundation: Block
Parking & Garage
Number of Garage Spaces: 1Number of Covered Spaces: 1No CarportHas a GarageNo Attached GarageParking Spaces: 1Parking: Detached
Farm & Range
Horse Amenities: None

Days on Market

Cumulative Days on Market: 12

Property Information

Year Built
Year Built: 1955
Property Type / Style
Property Type: ResidentialProperty Subtype: Residential, Single Family ResidenceArchitecture: Italianate
Building
Construction Materials: Vinyl SidingNot a New ConstructionNot Attached Property
Property Information
Parcel Number: 491112218019000101

Price & Status

Price
List Price: $335,000
Status Change & Dates
Off Market Date: Tue Jul 02 2024Possession Timing: Close Of Escrow

Location

Direction & Address
City: IndianapolisCommunity: Coffmans
School Information
High School District: Indianapolis Public Schools

Building

Building Area
Building Area: 1626 Square Feet

HOA

No HOA

Lot Information

Lot Area: 4791.6 sqft

Miscellaneous

BasementMls Number: 21986045
Last check for updates: about 16 hours ago
Listed by Tom McNulty, (317) 507-0688
McNulty Real Estate Services,
Pat McNulty
McNulty Real Estate Services,
Bought with: Meighan Wise, Keller Williams Indpls Metro N
Source: MIBOR as distributed by MLS GRID, MLS#21986045

Price History for 545 E Merrill St

DatePriceEventSource
05/19/2025$2,849ListingRemovedZillow Rentals
02/25/2025$2,849PriceChange
Zillow Rentals
12/12/2024$3,100Listed For RentZillow Rentals
08/20/2024$325,000Sold
MIBOR as distributed by MLS GRID #21986045
07/05/2024$335,000PendingMIBOR as distributed by MLS GRID #21986045
06/21/2024$335,000Listed For SaleMIBOR as distributed by MLS GRID #21986045
01/31/2021ListingRemovedZillow Rental Manager
01/12/2021$1,575Listed For RentZillow Rental Manager
04/16/2019$1,675ListingRemovedN/A
04/15/2019$1,675Listed For RentN/A
07/22/2018$1,675ListingRemovedN/A
07/13/2018$1,675Listed For RentN/A
09/26/2017$1,750ListingRemovedN/A
09/20/2017$1,750Listed For RentN/A
04/12/2017$158,000Sold
N/A
07/30/2009$0Sold
N/A
05/22/2009$134,900Listed For SaleAgent Provided

Market trends in Indianapolis

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$243K
$9.18KMoM
Sale-to-List Price
99.2%
0.5%MoM
Price per sq ft
$143
$3MoM
Available listings
3885
69MoM
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Property Tax and Assessment

Year2025
Tax$4,891
Assessment$323,900
Home facts updated by county records

Comparable Sales for 545 E Merrill St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
717 S Noble St, Indianapolis, IN
0.14
Single-Family Home
$290,000
04/17/26
2
1
1,939
546 E Merrill St, Indianapolis, IN
0.02
Single-Family Home
$297,000
08/01/25
2
1.5
1,624
832 S Noble St, Indianapolis, IN
0.22
Single-Family Home
$280,000
08/21/25
2
1.5
1,680
632 E McCarty St, Indianapolis, IN
0.15
Single-Family Home
$210,000
08/27/25
2
1
918
836 Noble St, Indianapolis, IN
0.22
Single-Family Home
$317,500
11/24/25
1
1.5
1,540
1205 Hoyt Ave, Indianapolis, IN
0.55
Single-Family Home
$237,000
06/05/26
2
1
1,581
615 Fletcher Ave, Indianapolis, IN
0.18
Single-Family Home
$324,000
01/15/26
2
2.5
2,085
719 E McCarty St, Indianapolis, IN
0.20
Single-Family Home
$373,000
11/04/25
3
2
2,208

Nearby homes

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Assigned Schools

These are the assigned schools for 545 E Merrill St.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Downtown
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Downtown

At least 196 Trulia users voted on each feature.

  • 89 % Say it's dog friendly

  • 87 % Say there are sidewalks

  • 83 % Say it's walkable to restaurants

  • 78 % Say streets are well-lit

  • 75 % Say it's walkable to grocery stores

  • 70 % Say parking is easy

  • 66 % Say there's holiday spirit

  • 65 % Say people would walk alone at night

  • 64 % Say car is needed

  • 48 % Say yards are well-kept

  • 46 % Say neighbors are friendly

  • 44 % Say they plan to stay for at least 5 years

  • 34 % Say there are community events

  • 34 % Say it's quiet

  • 33 % Say kids play outside

  • 24 % Say there's wildlife

Sourced by Trulia users. Learn more about our methodology.
  • Wdjx6xjvkg
    "Dog parks with shaded area"
    0
    Flag
  • Trulia User
    "They would like that it’s close to central downtown but wouldn’t like the neighborhood and that there’s not enough living space for dogs and their owners "
    8
    Flag
  • Trulia User
    "Great place to live. Fantastic atmosphere. Pleasant neighborhoods with lively character. I fully recommend living here."
    1
    Flag
  • Trulia User
    "I love this neighborhood! Lots of shops, restaurants and things to do. Neighbors are very friendly and it is a very safe place. "
    1
    Flag
  • Trulia User
    "everyone tries to look out for each other and the area is a really great area for schools and hang outs"
    1
    Flag
  • Trulia User
    "Dog owners would like to walk their dogs on the canal. Dog owners are really great here. Its better to have a dog here"
    0
    Flag
  • Amanda
    "No dog parks. Most dogs in the green spaces are without a leash. Problematic for children and smaller dogs. "
    19
    Flag
  • Leslie-ann J.
    "The Red Line is front of my building and there are other bus lines that are nearby. Commuting is not an issue for the area of downtown that I live in."
    10
    Flag
  • Katrina K.
    "It is a great neighborhood with a beautiful cultural trail. Close grocery stores and great spaces to hangout "
    7
    Flag
  • Nicci T.
    "This neighborhood is unique because Its convenient. And it’s right in the middle of everything . It’s a nice place to live "
    10
    Flag
  • Theschraws
    "This is a dog friendly city however at the Lux dogs are not allowed . The axis has a dog friendly atmosphere and it’s own dog park! "
    8
    Flag
  • Katherineonigiri
    "Great walking and biking to downtown jobs. On cultural trail with bike share available. Easy highway access. "
    5
    Flag
  • Michelle S.
    "they're going to get sandwiches in our neighborhood in the area has great parks and great people I love the downtown area"
    8
    Flag
  • Kathleen B.
    "love this neighborhood. been here almost two years. friendly enough. folks walking their dogs. not great regarding parking tho."
    6
    Flag
  • E0
    "Very few families live in my neighborhood . It’s great for single people and pet owners and the walk ability is great "
    3
    Flag
  • Kathleen B.
    "I've lived here for 1 1/2yrs. its a decent neighborhood. kinda congested as far as parking. living next to the firehouse isn't too bad either. not as bad as I thought."
    6
    Flag
  • Joelly J.
    "My community is unique because the apartment buildings are built well, people are friendly, our neighborhood is very well lit, our community amenities are 24/7 including the pool and hot tub. "
    3
    Flag
  • Kiarahparker84
    "Living downtown is fun, exciting, and there is ALWAYS something to do‼ There are countless restaurants to dine in or carry out. The Canal is great and beautiful at night. The Circle Center Mall is a great place to shop. I was born and raised in Indianapolis, so I've lived pretty much all over Indy. Downtown has kept me longer than any other side of town. I LOVE MY HOMETOWN 😊 I'M A CITY GIRL‼‼🏢🏦🏨⛪🏛🏙🌃"
    3
    Flag
  • Kathleenlbluestein
    "great area for fireworks🎆 see lots of folks with their pets walking, jogging thru town. great bus services, on great schedule. easy commute."
    2
    Flag
  • Kathleen B.
    "nice neighborhood. not a lot of noise not even in the spring and summer months not crime free but not a terribly scary place to live. "
    1
    Flag
  • Kathleen B.
    "basically stay. safe. you never know what's going on. this neighborhood is fairly safe. its pretty cool."
    0
    Flag
  • Dawn M. W.
    "there is so much to do within walking distance eating shopping exploring ect and it's right on the bus line and close to the highway it's no more than a 20 minute commute no matter where you are headed "
    3
    Flag
  • Merriam A.
    "Art Squared. Fountain square music festival. First Friday art shows. Real Talk. Chreece. Pioneer Dj nights. "
    0
    Flag
  • Jamie C.
    "Love living downtown however need more conveniences, parking is at a premium and having guests in almost impossible."
    3
    Flag
  • Mas3cf
    "Amazing location, lots of cool historic homes. Convenient to lots of great restaurants, major centers of employment, and interstates."
    3
    Flag

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Apartments for Rent

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Homes for sale near 545 E Merrill St

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Off Market Homes Near 545 E Merrill St

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Based on information submitted to the MLS GRID as of 2026-07-20 15:28:15 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Click here for more information