3528 Lambert Street, Indianapolis, IN 46241 (MLS # 22122522)

Price $125,000
Status Active
Beds 2
Baths 1 Bath
Home size 936 sqft
Lot Size 11,762 sqft
Days on Market 1
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.
Property Type(s): Single Family
Last Updated 8/26/2026 Tract Morris Park
Year Built 1951 Community 4909 - Marion - Wayne
Garage Spaces 1.0 County Marion

SCHOOLS

Elementary School Stout Field Elementary School
Jr. High School Lynhurst 7th & 8th Grade Center
High School Ben Davis High School

Additional Details

AIR Central Air
AIR CONDITIONING Yes
APPLIANCES Dishwasher, Dryer, Gas Oven, Gas Water Heater, Microwave, Refrigerator, Washer, Water Purifier, Water Softener Owned
AREA 4909 - Marion - Wayne
BASEMENT FULL, Sump Pump, Yes
CONSTRUCTION Vinyl Siding
GARAGE Yes
HEAT Forced Air, Natural Gas
INTERIOR Eat-in Kitchen
LOT 0.27 acre(s)
PARKING Detached
STORIES 1
STYLE Bungalow, Ranch
SUBDIVISION Morris Park
UTILITIES Cable Available, Natural Gas Connected
WATER Public

Location

 

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Listed with Canull Group LLC
Listing information is deemed reliable, but not guaranteed.

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