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Pending
  • $229,900

    1846 Lambert St, Indianapolis, IN 46221

    3beds
    2baths
    --sqft
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    Multi Family, Duplex
    Built in 1900
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Spacious unitsUpdated living spacesFunctional layout
    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!
    11 days
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    296
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    21
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    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#: 22107086MLS Logo

      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

        DateEventPrice
        7/1/2026Pending sale$229,900
        Source: MIBOR as distributed by MLS GRID #22107086 Report a problem
        6/23/2026Listed for sale$229,900+109%
        Source: MIBOR as distributed by MLS GRID #22107086 Report a problem
        2/27/2026Sold$110,000-12%
        Source: MIBOR as distributed by MLS GRID #22068311 Report a problem
        1/22/2026Pending sale$125,000
        Source: MIBOR as distributed by MLS GRID #22068311 Report a problem
        12/29/2025Price change$125,000-3.8%
        Source: MIBOR as distributed by MLS GRID #22068311 Report a problem
        12/20/2025Listed for sale$130,000-3.7%
        Source: MIBOR as distributed by MLS GRID #22068311 Report a problem
        11/14/2025Listing removed$135,000
        Source: MIBOR as distributed by MLS GRID #22068311 Report a problem
        11/4/2025Price change$135,000-6.9%
        Source: MIBOR as distributed by MLS GRID #22068311 Report a problem
        10/30/2025Price change$145,000-6.5%
        Source: MIBOR as distributed by MLS GRID #22068311 Report a problem
        10/23/2025Listed for sale$155,000
        Source: MIBOR as distributed by MLS GRID #22068311 Report a problem
        10/21/2025Pending sale$155,000-6.1%
        Source: MIBOR as distributed by MLS GRID #22068311 Report a problem
        10/16/2025Price change$165,000-5.7%
        Source: MIBOR as distributed by MLS GRID #22068311 Report a problem
        10/15/2025Listed for sale$175,000+600%
        Source: MIBOR as distributed by MLS GRID #22068311 Report a problem
        2/21/2019Listing removed$525
        Source: FWE Property Management Report a problem
        12/24/2018Listed for rent$525
        Source: FWE Property Management Report a problem
        8/7/2016Listing removed$525-4.5%
        Source: FWE Property Management Report a problem
        1/29/2015Listing removed$550
        Source: Postlets Report a problem
        11/25/2014Price change$550-7.6%
        Source: Postlets Report a problem
        9/23/2014Listed for rent$595-4.8%
        Source: Postlets Report a problem
        12/4/2013Listing removed$625
        Source: ClassifiedFlyerAds.com Report a problem
        9/18/2013Listed for rent$625
        Source: ClassifiedFlyerAds.com Report a problem
        4/20/2012Sold$25,000
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax 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

        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

        Getting around

        59 / 100
        Somewhat Walkable
        22 / 100
        Minimal Transit
        45 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

        A local agent can set up tours, give advice and negotiate with sellers.

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