# 5136 Gambel Road, Indianapolis, IN 46221

> **TL;DR:** 4bd/2ba single family, $249,900 ($196/sqft), built 1971, 1,278 sqft.
> A/C. Est. $1,337/mo. Listed 5 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $249,900 |
| Price/sqft | $196 |
| Bedrooms | 4 |
| Bathrooms | 1 full, 1 half |
| Square Feet | 1,278 |
| Year Built | 1971 |
| Lot Size | 12,197 sqft (0.28 acres) |
| Stories | 2 |
| Property Type | Single Family (Single Family Residence) |
| Status | For Sale |
| Days on Market | 5 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $1,264 |
| Estimated Insurance | $73 |
| **Total** | **$1,337** |

## Nearby Schools

- **Elementary:** Blue Academy
- **Middle:** Decatur Middle School
- **High:** Decatur Central High School

## Key Amenities

- A/C

## Property Highlights

- Built in 1971
- 0.28 acre lot
- 2 stories

## Description

### Agent 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.

## Location

- **Address:** 5136 Gambel Road, Indianapolis, IN 46221
- **County:** Marion
- **Neighborhood:** Cloverleaf Village
- **Coordinates:** 39.69701, -86.249147
- **Google Maps:** https://www.google.com/maps?q=39.69701,-86.249147

## Listing Agent

- **Name:** Amanda Norman
- **Brokerage:** eXp Realty LLC
- **Phone:** (888) 611-3912

## Primary Photo

![5136 Gambel Road - Primary Photo](http://lh.rdcpix.com/9203fe8dd4b0c920f3244c75f072e8aal-f1294011180r.jpg)

*3 total photos available on [listing page](https://www.propertysimple.ai/listing/5136-gambel-road-indianapolis-in-46221-22111774)*

---

**MLS#:** 22111774 | **Updated:** 2026-08-02
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.ai/listing/5136-gambel-road-indianapolis-in-46221-22111774)

---

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