5136 Gambel Road, Indianapolis, IN 46221

Indianapolis
Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
5136 Gambel Road,Indianapolis, IN 46221
$240,000
  • 4 Beds
  • 2 Baths
  • 1,278 sq. ft.
  • Single family
  • Active
Upcoming open houses
  • Sun, Aug 23
    02:00 pm - 04:00 pm
Listed by: amanda norman
Office: exp realty llc.
MLS#:22111774
Source:IN_MIBOR

Price summary

  • Price:$240,000
  • Price per sq. ft.:$187.79

About this home

Investor special with numerous updates already completed-this is a great opportunity to add value with minimal upfront work. This spacious four-bedroom home offers a functional layout in an established and well-established neighborhood, making it ideal for investors, flippers, or buyers looking to build equity quickly. Recent improvements include new flooring and fresh interior paint, giving the home a clean and updated feel throughout. The property is being sold as-is, providing flexibility for the next owner to finish remaining updates or customize to their vision. Additional highlights include handicap accessibility features, adding versatility and long-term appeal. With solid bones, recent upgrades, and strong potential, this home is ready for its next chapter. This property also includes a 2-Car Detached Metal Garage. In addition, there are Hardwood Floors upstairs under the carpet! Don't miss the chance to secure this value-add property in a desirable...

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Home facts

  • Year built:1971
  • Subdivision & Development:Cloverleaf Village
  • Listing ID #:22111774
  • Added:50 day(s) ago
  • Updated:August 22, 2026 at 02:57 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:2
  • Full bathrooms:1
  • Half bathrooms:1
  • Flooring:Hardwood Floors
  • Dining Description:Dining Combo/Kitchen
  • Kitchen Description:Disposal, Electric Cooktop, Electric Oven, Microwave, Refrigerator
  • Living area:1,278 sq. ft.

Heating and cooling

  • Cooling:Central Electric
  • Central air:Yes

Structure and exterior

  • Year built:1971
  • Building area:1,278 sq. ft.
  • Lot area:0.28 Acres
  • Lot Features:Not In Subdivision
  • Architectural Style:Colonial
  • Construction Materials:Brick
  • Foundation Description:Crawl Space

Schools

  • High school:Decatur Central High School
  • Middle school:Decatur Middle School
  • Elementary school:Blue Academy

Utilities

  • Water:Public Water

Finances and disclosures

  • Price:$240,000
  • Price per sq. ft.:$187.79

Features and amenities

  • Appliances:Microwave, Refrigerator
  • Laundry features:Laundry in Unit
  • Amenities:Attic Access

Parking

  • Parking description:Garage Door Opener
  • Garage:Yes
  • Garage spaces:2
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