For Sale
Single family home for sale at 3528 Lambert St, Indianapolis, IN 46241 | MLS# 22122522 | Listing updated on 2026-10-08
Photo 1 of Single family home for sale at 3528 Lambert St, Indianapolis, IN 46241 | MLS# 22122522 | Listing updated on 2026-10-08
Photo 2 of Single family home for sale at 3528 Lambert St, Indianapolis, IN 46241 | MLS# 22122522 | Listing updated on 2026-10-08
Photo 3 of Single family home for sale at 3528 Lambert St, Indianapolis, IN 46241 | MLS# 22122522 | Listing updated on 2026-10-08
Photo 4 of Single family home for sale at 3528 Lambert St, Indianapolis, IN 46241 | MLS# 22122522 | Listing updated on 2026-10-08
27+
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Street View

$118,750

Monthly Est:$591

  • Beds Icon2 Beds
  • Beds Icon
    1 Bath
  • Beds Icon936sqft

3528 Lambert St, Indianapolis, IN 46241

$591/moEst:

Get Pre-Approved

  • Single Family Residence

  • Built in 1951

  • $-- HOA

  • 11,761 sqft lot

  • $127/sq.ft

Description

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.

  • Houzeo last checked: 3 minutes ago
  • Listing updated: October 8, 2026 at 2:52 pm
  • Listing Provided by: Zachary Canull | Canull Group LLC (317) 496-3632
  • Source: Metropolitan Indianapolis Board of REALTORS (MIBOR) MLS-IN as distributed by MLS GRID | MLS#: 22122522 Metropolitan Indianapolis Board of REALTORS (MIBOR) MLS-IN as distributed by MLS GRID

Property Details

  • Status

    Active

  • Type

    Single Family Residence

  • No. of Stories

    -

  • County

    Marion County

  • City

    Indianapolis

  • Neighborhood

    West Indianapolis

  • Year Built

    1951

  • HOA Fees

    -

  • Finished Area

    936 sqft

  • Lot Size

    11,761 sqft lot

  • Basement Area

    - sqft

  • MLS Name

    Metropolitan Indianapolis Board of REALTORS (MIBOR) MLS

  • MLS Number

    22122522

  • MLS Status

    Active

  • Days on Market

    66

  • Cumulative Days on Market

    202

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Location

Facts & Features

Rooms

  • Bedrooms & bathrooms

    Bedrooms: 2

    Bathroom: 1

  • Kitchen

    Level: Main

    Area: 117.00 Square Feet

    Dimensions: 13x9

  • Master Bedroom

    Level: Main

    Area: 132.00 Square Feet

    Dimensions: 12x11

  • Bedroom 2

    Level: Main

    Area: 108.00 Square Feet

    Dimensions: 12x9

  • Play Room

    Level: Basement

    Area: 253.00 Square Feet

    Dimensions: 23x11

  • Office

    Level: Basement

    Area: 99.00 Square Feet

    Dimensions: 11x9

  • Family Room

    Level: Main

    Area: 192.00 Square Feet

    Dimensions: 12x16

Interior

  • Exterior Features

    Storage Shed

  • Heating

    Forced Air, Gas

  • Interior Features

    Attic Access, Paddle Fan, Eat In Kitchen, Wood Work Stain/painted

  • Cooling

    Central Air

  • Flooring

    Hardwood

  • Appliances

    Dishwasher, Dryer, Gas Water Heater, Microwave, Gas Oven, Refrigerator, Washer, Water Purifier, Water Softener Owned

Construction

  • Year Built

    Year Built: 1951

  • Home type

    Single Family Residence

  • Foundation Details

    Block

  • Architectural Style

    Bungalow, Ranch

  • Construction Materials

    Vinyl Siding

  • Property Condition

    Fixer

Utilities & Energy

  • Laundry Features

    In Basement

  • Water Source

    Public

  • Basement

    Full

  • Utilities

    Cable Available, Natural Gas Connected

  • Parking Features

    Detached

Other Features

  • Disclosures

    Bank Owned

  • Subdivision Name

    Morris Park

Price History

DateEventPrice

09/24/2026

Source: mls_logoMetropolitan Indianapolis Board of REALTORS (MIBOR) MLS-IN #MBR22122522

Price Decreased

$123,750 -1.00%

$132/sqft

08/26/2026

Source: mls_logoMetropolitan Indianapolis Board of REALTORS (MIBOR) MLS-IN #MBR22122522

Listed for Sale

$125,000 +5.26%

$134/sqft

08/26/2026

Source: mls_logoMetropolitan Indianapolis Board of REALTORS (MIBOR) MLS-IN as distributed by MLS GRID #MBR22122522

Price Decreased

$118,750 -20.83%

$127/sqft

07/24/2026

Source: mls_logoMetropolitan Indianapolis Board of REALTORS (MIBOR) MLS-IN as distributed by MLS GRID #MBR22084675

Listing Removed

$150,000

$160/sqft

02/19/2026

Source: mls_logoMetropolitan Indianapolis Board of REALTORS (MIBOR) MLS-IN #MBR22084675

Listed for Sale

$150,000 +11.11%

$160/sqft

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Getting Around 3528 Lambert St

Bike Score®

Bike Score

Somewhat Bikeable

30/100

Walk Score®

Walk Score

Car-Dependent

20/100

Transit Score®

Transit Score

Minimal Transit

23/100

Data provided by Redfin

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Based on information from MIBOR REALTOR® Association through Nov 01, 2026, 02:45AM. The Broker Listing Cooperative® listing service's Listing information is deemed reliable but is not guaranteed accurate by the Broker Listing Cooperative® listing service. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.. All Rights Reserved. © 2026 MIBOR REALTOR® Association.

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