About This Home

This 4-bedroom, 2-bathroom single family at 5136 Gambel Road in Indianapolis, IN is listed for $249,900 ($196 per sqft). Built in 1971, the home offers 1,278 sqft of living space on a 0.28 acres lot.

Key Features

  • Built in 1971
  • 0.28 acre lot
  • 2 stories

Property Details

2 stories
1 full, 1 half
1971

Amenities

A/C
Listing Description

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. Don't miss the chance to secure this value-add property in a desirable location-opportunities like this don't last long.

Monthly Cost Estimate

$1,337/mo

20% down · 6.5% · 30 years

Principal$181
Interest$1,083
Insurance$73

Estimates only. Actual payments may vary.

Location

5136 Gambel Road

Indianapolis, IN 46221

Cloverleaf Village

Features & Amenities

Interior Features

Attic AccessHandicap Accessible InteriorHardwood FloorsHi-Speed Internet AvailblEat-in Kitchen

Property Details

Construction

Brick

Heating

Natural Gas

Cooling

Central Air

Appliances

Electric CooktopElectric Water HeaterDisposalMicrowaveElectric OvenRefrigerator

Questions & Answers

This 4-bedroom, 2-bathroom single family at 5136 Gambel Road is listed at $249,900 ($196/sqft). The estimated monthly payment is $1,337 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1971, 0.28 acre lot, 2 stories. Interior Features: Attic Access, Handicap Accessible Interior, Hardwood Floors.

This property is listed by Amanda Norman and can be reached at (888) 611-3912.

AN

Amanda Norman

Agent at eXp Realty LLC

(888) 611-3912

Listed by eXp Realty LLC · View on Broker Site

MLS# 22111774· Source: listhub· 5 days on market

Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

5136 Gambel Road, Indianapolis, IN 46221

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