Turnkey Income-Producing Duplex Investment Opportunity in Indianapolis! Currently producing approximately $34,800 a year. Don't miss your chance to own this fully occupied, income-producing duplex at 1846 W Lambert Street. Featuring two spacious units, each offering 3 bedrooms and 2 full bathrooms, this property is an excellent addition to any investment portfolio. Both units are currently leased for $1,450 per month, providing immediate and consistent rental income. Each unit features a functional layout with two bedrooms and a full bathroom on the main level, while the private upstairs primary suite includes its own full bathroom. Recently remodeled on the interior, the property offers updated living spaces that appeal to tenants while helping minimize future maintenance concerns. Whether you're a seasoned investor looking to expand your portfolio or searching for a turnkey rental property, this duplex checks all the boxes. With strong rental income, modern updates, and full occupancy already in place, this is a turnkey investment opportunity you won't want to miss. Schedule your showing today!
Pending
$229,900
1846 Lambert St, Indianapolis, IN 46221
3beds
2baths
--sqft
Multi Family, Duplex
Built in 1900
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Spacious unitsUpdated living spacesFunctional layout
- 11 days |
- 296 |
- 21 |
Zillow last checked:
Listing updated:
Listed by:
Corina Jones 317-281-7996,
Your Home Team,
Seth Ragon,
Your Home Team
Source: MIBOR as distributed by MLS GRID,MLS#: 22107086
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Main level bathrooms: 6
Heating
- Forced Air
Cooling
- Window Unit(s)
Appliances
- Laundry: Connections All, Main Level
Features
- Basement: Partial
Property
Parking
- Parking features: Alley Access, Gravel
- Details: Unit Parking(On Street, Unpaved)
Features
- Levels: Two
- Stories: 2
Lot
- Size: 4,356 Square Feet
- Features: City Lot, Sidewalks
Details
- Parcel number: 491115133009000101
- Special conditions: As Is
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family, Duplex
- Attached to another structure: Yes
Materials
- Vinyl Siding
- Foundation: Block
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1900
Community & HOA
Community
- Subdivision: Tweeds Oxford Park
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $83,100
- Annual tax amount: $1,953
- Date on market: 6/23/2026
- Cumulative days on market: 12 days
- Tenant pays: Electricity, Gas, Insurance
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/1/2026 | Pending sale | $229,900 |
Source: | ||
| 6/23/2026 | Listed for sale | $229,900+109% |
Source: | ||
| 2/27/2026 | Sold | $110,000-12% |
Source: | ||
| 1/22/2026 | Pending sale | $125,000 |
Source: | ||
| 12/29/2025 | Price change | $125,000-3.8% |
Source: | ||
| 12/20/2025 | Listed for sale | $130,000-3.7% |
Source: | ||
| 11/14/2025 | Listing removed | $135,000 |
Source: | ||
| 11/4/2025 | Price change | $135,000-6.9% |
Source: | ||
| 10/30/2025 | Price change | $145,000-6.5% |
Source: | ||
| 10/23/2025 | Listed for sale | $155,000 |
Source: | ||
| 10/21/2025 | Pending sale | $155,000-6.1% |
Source: | ||
| 10/16/2025 | Price change | $165,000-5.7% |
Source: | ||
| 10/15/2025 | Listed for sale | $175,000+600% |
Source: | ||
| 2/21/2019 | Listing removed | $525 |
Source: FWE Property Management Report a problem | ||
| 12/24/2018 | Listed for rent | $525 |
Source: FWE Property Management Report a problem | ||
| 8/7/2016 | Listing removed | $525-4.5% |
Source: FWE Property Management Report a problem | ||
| 1/29/2015 | Listing removed | $550 |
Source: Postlets Report a problem | ||
| 11/25/2014 | Price change | $550-7.6% |
Source: Postlets Report a problem | ||
| 9/23/2014 | Listed for rent | $595-4.8% |
Source: Postlets Report a problem | ||
| 12/4/2013 | Listing removed | $625 |
Source: ClassifiedFlyerAds.com Report a problem | ||
| 9/18/2013 | Listed for rent | $625 |
Source: ClassifiedFlyerAds.com Report a problem | ||
| 4/20/2012 | Sold | $25,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,763 +17.1% | $83,100 +11.8% |
| 2024 | $1,506 -2.3% | $74,300 +17% |
| 2023 | $1,542 +42.5% | $63,500 -2.8% |
| 2022 | $1,082 +28% | $65,300 +39.2% |
| 2021 | $845 +2.6% | $46,900 +28.5% |
| 2020 | $824 +2.6% | $36,500 +4.6% |
| 2019 | $803 -17% | $34,900 +3.6% |
| 2018 | $967 +89.5% | $33,700 +61.2% |
| 2017 | $510 +18.8% | $20,900 +4% |
| 2016 | $429 +5.1% | $20,100 +6.3% |
| 2014 | $409 -33.3% | $18,900 -32.7% |
| 2013 | $612 | $28,100 +2.9% |
| 2012 | $612 | $27,300 +14.2% |
| 2011 | -- | $23,900 -2% |
| 2010 | $512 -2.3% | $24,400 |
| 2009 | $524 | $24,400 -20.8% |
| 2007 | -- | $30,800 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: West Indianapolis
Nearby schools
GreatSchools rating
- 3/10Daniel Webster School 46Grades: PK-5Distance: 0.3 mi
- 4/10William Penn School 49Grades: 6-8Distance: 0.3 mi
- 1/10George Washington Community High School (9-12)Grades: 9-12Distance: 1.1 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Indiana
- Marion County
- Indianapolis
- 46221
- West Indianapolis
- 1846 Lambert St







