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  • $125,000

    3528 Lambert St, Indianapolis, IN 46241

    2beds
    1,440sqft
    : 
    $875/mo
    Get pre-qualified
    Residential, Single Family Residence
    Built in 1951
    0.27 Acres Lot
    $-- Zestimate®
    $87/sqft
    $-- HOA

    What's special

    Detached garageStorage shedHardwood floors run throughout
    Investor-ready Indy downtown bungalow with good bones and a clear path to equity. Hardwood floors run throughout, the kitchen has already been partially updated, and big-ticket mechanicals are done - furnace (2019) and water heater (2018) are both newer. The full basement includes a finished office and a bonus room already framed in, giving you a head start on additional living space. The bathroom needs renovation and the home overall needs some TLC, but with the heavy lifting already started, it's ready for a homeowner or investor to add the finishing touches. Outside you'll find a detached garage, storage shed, and good sized chain-link fenced yard. Conveniently located near I-70 with easy access to downtown Indianapolis - a great opportunity in a central location. OWNER OCCUPANTS AND INVESTORS - ALL are welcome! This is an REO Sale and CASH Proof of funds required to submit or a FULLY vetted and LO signed approval letter for financed offers where income, assets, employment and credit have been verified - earnest deposit of $5000 to be deposited through ACH transfer or WIRE within 48hrs of acceptance. ALL utilities are on and was occupied 1st week of August. No offers will be considered until 7 Days on market in the MLS and buyers must allow 2 business days for any offer response. Multiple offers notices may or may not be sent and offers will be submitted as received. Any offers without proof of cash funds under the name of the purchaser will not be eligible for consideration and seller will not consider hard money loans. Seller will provide full clear title and closing locally through State Street Title. Ask an agent for additional details.
    14 hours
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    56
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    Zillow last checked:

    Listing updated:

    Listed by:

    Zachary Canull 317-496-3632,

    Canull Group LLC

    Source: MIBOR as distributed by MLS GRID,MLS#: 22122522MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 1
      • Full bathrooms: 1
      • Main level bathrooms: 1
      • Main level bedrooms: 2
      Bedroom 2
      • Level: Main
      • Area: 108 Square Feet
      • Dimensions: 12x9
      Other
      • Level: Main
      • Area: 132 Square Feet
      • Dimensions: 12x11
      Family room
      • Level: Main
      • Area: 192 Square Feet
      • Dimensions: 12x16
      Kitchen
      • Features: Tile-Ceramic
      • Level: Main
      • Area: 117 Square Feet
      • Dimensions: 13x9
      Office
      • Level: Basement
      • Area: 99 Square Feet
      • Dimensions: 11x9
      Play room
      • Features: Other
      • Level: Basement
      • Area: 253 Square Feet
      • Dimensions: 23x11
      Heating
      • Forced Air, Natural Gas
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Dryer, Gas Water Heater, Microwave, Gas Oven, Refrigerator, Washer, Water Purifier, Water Softener Owned
      • Laundry: In Basement
      Features
      • Attic Access, Ceiling Fan(s), Eat-in Kitchen
      • Windows: WoodWorkStain/Painted
      • Basement: Full
      • Attic: Access Only
      Interior area
      • Total structure area: 1,440
      • Total interior livable area: 1,440 sqft
      • Finished area below ground: 216

      Property

      Parking
      • Total spaces: 1
      • Parking features: Detached
      • Garage spaces: 1
      Features
      • Levels: One
      • Stories: 1
      • Fencing: Fenced,Chain Link,Full
      Lot
      • Size: 0.27 Acres
      Details
      • Additional structures: Storage
      • Parcel number: 491117107043000900
      • Special conditions: As Is,Fixer Upper
      • Horse amenities: None

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Bungalow,Ranch
      • Property subtype: Residential, Single Family Residence
      Materials
      • Vinyl Siding
      • Foundation: Block
      Condition
      • Fixer
      • New construction: No
      • Year built: 1951

      Utilities & green energy

      • Water: Public

      Community & HOA

      Community
      • Subdivision: Morris Park
      HOA
      • Has HOA: No
      Location
      • Region: Indianapolis

      Financial & listing details

      • Price per square foot: $87/sqft
      • Tax assessed value: $110,300
      • Annual tax amount: $1,234
      • Date on market: 8/26/2026
      • Cumulative days on market: 160 days

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        8/26/2026Listed for sale$125,000-16.7%$87/sqft
        Source: MIBOR as distributed by MLS GRID #22122522 Report a problem
        7/24/2026Listing removed$150,000$104/sqft
        Source: MIBOR as distributed by MLS GRID #22084675 Report a problem
        2/19/2026Listed for sale$150,000+12.8%$104/sqft
        Source: MIBOR as distributed by MLS GRID #22084675 Report a problem
        5/30/2024Sold$133,000-1.5%$92/sqft
        Source: MIBOR as distributed by MLS GRID #21968097 Report a problem
        4/21/2024Pending sale$135,000$94/sqft
        Source: MIBOR as distributed by MLS GRID #21968097 Report a problem
        4/17/2024Listed for sale$135,000$94/sqft
        Source: MIBOR as distributed by MLS GRID #21968097 Report a problem
        3/19/2024Pending sale$135,000$94/sqft
        Source: MIBOR as distributed by MLS GRID #21968097 Report a problem
        3/13/2024Listed for sale$135,000+164.7%$94/sqft
        Source: MIBOR as distributed by MLS GRID #21968097 Report a problem
        12/22/2010Sold$51,000-7.1%$35/sqft
        Source: MIBOR as distributed by MLS GRID #21039417 Report a problem
        9/14/2010Price change$54,900-5.2%$38/sqft
        Source: Carpenter Realtors #21039417 Report a problem
        7/28/2010Listed for sale$57,900+8.2%$40/sqft
        Source: Carpenter Realtors #21039417 Report a problem
        4/8/2003Sold$53,500$37/sqft
        Source: MIBOR as distributed by MLS GRID #2247843 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$938 -52.8%$110,300 +26.2%
        2024$1,988 +3.7%$87,400 +3.4%
        2023$1,917 +9.1%$84,500 +3.7%
        2022$1,758 +13.3%$81,500 +26%
        2021$1,552 0%$64,700 +13.3%
        2020$1,552 +361.3%$57,100
        2019$336 -7.3%$57,100 +34%
        2018$363 -12.4%$42,600 +1.4%
        2017$414 +28.8%$42,000 +2.2%
        2016$322 +17.6%$41,100 +3.5%
        2014$273 -14.1%$39,700 -6.6%
        2013$318 $42,500 -2.3%
        2012$318 $43,500 -5.2%
        2011-- $45,900 +9.3%
        2010$850 -2%$42,000 -1.9%
        2009$867 $42,800 -20%
        2007-- $53,500 +2.7%
        2006-- $52,100 +8.3%
        2005-- $48,100
        2004-- $48,100
        2003-- $48,100 +105.6%
        2002-- $23,400 +200%
        2001-- $7,800
        2000-- $7,800
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: West Indianapolis

        Getting around

        20 / 100
        Car-Dependent
        23 / 100
        Minimal Transit
        30 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Stout Field Elementary School
        • Middle: Lynhurst 7th & 8th Grade Center
        • High: Ben Davis High School

        Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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