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

$320,500

Trulia Estimate
  • 2 Beds
  • 1 Bath
  • 1,626 sqft

545 E Merrill St, Indianapolis, IN 46203

Downtown
Est. Refi. Payment $1,987/mo*
Refinance Your Home
Currently Off Market - Sold Aug 20, 2024 for $325,000

Home Value

Trulia Estimate
$321K
Since last month
Decreased$2K (-0.7%)
Since last year
Decreased$13K (-4%)
Since last sale
Decreased$5K (-1.4%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +104% in the last 10 years
MonthEstimated value
2026
August 2026$321K
August 2026$320K
July 2026$323K
June 2026$327K
May 2026$324K
April 2026$323K
March 2026$328K
February 2026$337K
January 2026$332K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
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
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
1016 Lexington Ave, Indianapolis, IN
0.44
Single-Family Home
$245,000
06/05/26
2
1
1,177
747 E McCarty St, Indianapolis, IN
0.23
Single-Family Home
$235,000
05/07/26
3
2
2,215
826 Greer St, Indianapolis, IN
0.20
Single-Family Home
$400,000
07/17/26
3
1.5
2,618

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
546 E Merrill St, Indianapolis, IN 46203
0.02
$298,700
2
1.5
1,624
Off Market
601 E Merrill St, Indianapolis, IN 46203
0.01
-
4
4
-
Off Market
541 E Merrill St, Indianapolis, IN 46203
0.01
$243,300
2
1
2,201
Off Market
535 E Merrill St, Indianapolis, IN 46203
0.02
$287,400
3
1
1,240
Off Market
529 E Merrill St, Indianapolis, IN 46203
0.03
$537,800
5
2.5
3,239
Off Market
657 E Merrill St, Indianapolis, IN 46203
0.03
$695,000
3
3
2,620
Recently Sold
612 Stevens St, Indianapolis, IN 46203
0.04
$729,800
4
3.5
3,068
Off Market
525 S East St, Indianapolis, IN 46225
0.08
$425,000
-
-
-
For Sale
616 Stevens St, Indianapolis, IN 46203
0.05
$808,000
4
3.5
3,135
Off Market
505 S East St, Indianapolis, IN 46203
0.10
$1,799,900
4
4.5
4,490
For Sale
501 S East St, Indianapolis, IN 46225
0.11
$1,832,500
4
4.5
4,490
Off Market

Local Information

  • Map ViewExplore the area around 545 E Merrill St.
  • Schools7 Preschool Schools11 Elementary Schools4 Middle Schools4 High Schools
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1955
1,626 sqft
$197/sqft
Garage

About this House

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. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $320,500, with a rent estimate of $1,746/month.
Last check for updates: about 13 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

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

Price and Tax history

DateEventPrice
May 19, 2025
Source: Zillow Rentals
ListingRemoved
$2,849
Feb 25, 2025
Source: Zillow Rentals
PriceChange
$2,849
Price decreased by 8%
Dec 12, 2024
Source: Zillow Rentals
Listed For Rent
$3,100
Aug 20, 2024
Source: MIBOR as distributed by MLS GRID #21986045
Sold
$325,000
Jul 5, 2024
Source: MIBOR as distributed by MLS GRID #21986045
Pending
$335,000

Market trends in Downtown

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$387K
Sale-to-List Price
—
Price per sq ft
$238
Available listings
140
7MoM

Around this home

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. "
    20
    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

LGBTQ Local Legal Protections

Based on information submitted to the MLS GRID as of 2026-09-09 09:48:08 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

Frequently asked questions about 545 E Merrill St

  • What is 545 E Merrill St estimated to be worth?
    Trulia's estimated value for 545 E Merrill St in Indianapolis, IN is $320,500.
  • What is the price history for 545 E Merrill St?
    545 E Merrill St in Indianapolis, IN last sold for $325,000 in August 2024.
  • Is Indianapolis a buyer's or seller's market?
    Indianapolis is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Indianapolis?
    The median sale price in Indianapolis is $387K.
  • Does 545 E Merrill St have air conditioning?
    Yes, 545 E Merrill St in Indianapolis, IN has air conditioning.
  • Does 545 E Merrill St have laundry facilities?
    Yes, 545 E Merrill St in Indianapolis, IN has in-unit laundry.

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Off Market Homes Near 545 E Merrill St

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