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. This property also includes a 2-Car Detached Metal Garage. Don't miss the chance to secure this value-add property in a desirable location-opportunities like this don't last long.
Active
Price cut: $5K (7/23)
$244,900
5136 Gambel Rd, Indianapolis, IN 46221
4beds
1,278sqft
:
Get pre-qualified$1,666/mo
Residential, Single Family Residence
Built in 1971
0.28 Acres Lot
$-- Zestimate®
$192/sqft
$-- HOA
What's special
Spacious four-bedroom homeNew flooringFresh interior paintHandicap accessibility featuresFunctional layout
- 32 days |
- 664 |
- 30 |
Zillow last checked:
Listing updated:
Listed by:
Amanda Norman 317-513-0066,
eXp Realty LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22111774
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Primary bedroom
- Level: Upper
- Area: 121 Square Feet
- Dimensions: 11x11
Bedroom 2
- Level: Upper
- Area: 99 Square Feet
- Dimensions: 11x9
Bedroom 3
- Level: Upper
- Area: 72 Square Feet
- Dimensions: 9x8
Bedroom 4
- Level: Upper
- Area: 81 Square Feet
- Dimensions: 9x9
Kitchen
- Level: Main
- Area: 187 Square Feet
- Dimensions: 17x11
Laundry
- Level: Main
- Area: 18 Square Feet
- Dimensions: 6x3
Living room
- Level: Main
- Area: 220 Square Feet
- Dimensions: 20x11
Heating
- Natural Gas
Cooling
- Central Air
Appliances
- Included: Electric Cooktop, Electric Water Heater, Disposal, Microwave, Electric Oven, Refrigerator
- Laundry: In Unit, Main Level
Features
- Attic Access, Hardwood Floors, High Speed Internet, Eat-in Kitchen
- Flooring: Hardwood
- Has basement: No
- Attic: Access Only
Interior area
- Total structure area: 1,278
- Total interior livable area: 1,278 sqft
Property
Parking
- Total spaces: 2
- Parking features: Attached
- Attached garage spaces: 2
- Details: Garage Parking Other(Garage Door Opener)
Accessibility
- Accessibility features: Stair Lift, Handicap Accessible Interior
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered
- Exterior features: Other
- Fencing: Fenced,Chain Link
Lot
- Size: 0.28 Acres
- Features: Not In Subdivision
Details
- Parcel number: 491131119024000200
- Special conditions: As Is
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subtype: Residential, Single Family Residence
Materials
- Brick
- Foundation: Crawl Space
Condition
- Fixer
- New construction: No
- Year built: 1971
Utilities & green energy
- Water: Public
- Utilities for property: Electricity Connected, Water Connected
Community & HOA
Community
- Subdivision: Cloverleaf Village
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $192/sqft
- Tax assessed value: $175,200
- Annual tax amount: $3,954
- Date on market: 7/2/2026
- Cumulative days on market: 36 days
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/23/2026 | Price change | $244,900-2%$192/sqft |
Source:  MIBOR as distributed by MLS GRID #22111774 Report a problem | ||
| 7/2/2026 | Listed for sale | $249,900+177.7%$196/sqft |
Source: MIBOR as distributed by MLS GRID #22111774 Report a problem | ||
| 7/19/2019 | Sold | $90,000-13.8%$70/sqft |
Source: MIBOR as distributed by MLS GRID #21623270 Report a problem | ||
| 6/28/2019 | Pending sale | $104,400+16%$82/sqft |
Source: Bang Realty #21623270 Report a problem | ||
| 3/15/2019 | Sold | $90,000-13.8%$70/sqft |
Source: Public Record Report a problem | ||
| 2/28/2019 | Listed for sale | $104,400-8.4%$82/sqft |
Source: Bang Realty #21623270 Report a problem | ||
| 12/21/2007 | Sold | $114,000$89/sqft |
Source: MIBOR as distributed by MLS GRID #2743263 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,955 +8% | $175,200 -1% |
| 2024 | $3,661 +9.4% | $177,000 +10.8% |
| 2023 | $3,345 +25.9% | $159,700 +9.9% |
| 2022 | $2,657 +1.3% | $145,300 +25.3% |
| 2021 | $2,623 +14% | $116,000 +0.6% |
| 2020 | $2,300 +9.9% | $115,300 +14.4% |
| 2019 | $2,094 +2.3% | $100,800 +8.6% |
| 2018 | $2,046 -4.8% | $92,800 +4.6% |
| 2017 | $2,150 +12.2% | $88,700 -3.1% |
| 2016 | $1,917 +0.9% | $91,500 +9.2% |
| 2014 | $1,901 +187.9% | $83,800 +7.6% |
| 2013 | $660 | $77,900 +1.8% |
| 2012 | $660 | $76,500 -0.1% |
| 2011 | -- | $76,600 -1.7% |
| 2010 | $673 +22.4% | $77,900 +0.8% |
| 2009 | $550 | $77,300 -13.8% |
| 2007 | -- | $89,700 +7.4% |
| 2006 | -- | $83,500 -11.3% |
| 2005 | -- | $94,100 |
| 2004 | -- | $94,100 |
| 2003 | -- | $94,100 +103.7% |
| 2002 | -- | $46,200 +200% |
| 2001 | -- | $15,400 |
| 2000 | -- | $15,400 |
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.Climate risks
Neighborhood: Mars Hill
Nearby schools
GreatSchools rating
- 6/10Blue AcademyGrades: K-6Distance: 1 mi
- 3/10Decatur Middle SchoolGrades: 7-8Distance: 1.6 mi
- 3/10Decatur Central High SchoolGrades: 9-12Distance: 1.6 mi
Schools provided by the listing agent
- Elementary: Blue Academy
- Middle: Decatur Middle School
- High: Decatur Central 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.
- $210,4003 bd0 ba1.6k sqft5208 Gambel Rd, Indianapolis, IN 46221Off Market
- $193,2004 bd0 ba1.2k sqft5126 Gambel Rd, Indianapolis, IN 46221Off Market
- $220,7003 bd1 ba1.1k sqft5218 Gambel Rd, Indianapolis, IN 46221Off Market
- $193,3003 bd-- ba1.2k sqft5116 Gambel Rd, Indianapolis, IN 46221Off Market
- $190,0003 bd-- ba1.2k sqft5137 Gambel Rd, Indianapolis, IN 46221Sold
- $12,700-- bd-- ba-- sqft5205 Gambel Rd, Indianapolis, IN 46221Off Market
- $169,9003 bd1 ba912 sqft5207 Norcroft Dr, Indianapolis, IN 46221Off Market
- $195,3004 bd2 ba1.2k sqft5127 Gambel Rd, Indianapolis, IN 46221Off Market
A local agent can set up tours, give advice and negotiate with sellers.
Similar homes
- $239,9003 bd2 ba1.2k sqft2208 Friendship Dr, Indianapolis, IN 46217Active
MLS ID #22117032, Joshua Bangert, Hidalgo Group, LLC. MIBOR as distributed by MLS GRID - $180,0003 bd1 ba960 sqft3458 W Perry St, Indianapolis, IN 46221Active
MLS ID #22117275, Richard Graham, BluPrint Real Estate Group. MIBOR as distributed by MLS GRID - $245,0004 bd3 ba1.4k sqft3190 S Tacoma Ave, Indianapolis, IN 46237For Sale By Owner
- $250,0003 bd2 ba1.2k sqft432 Chapel Hill West Dr, Indianapolis, IN 46214For Sale
MLS ID #202624362, Fransisco Salazar, Maitlen Realty. IRMLS - $230,0003 bd2 ba1.1k sqft7819 Snowflake Dr, Indianapolis, IN 46227ActiveMLS ID #22115997, Biak Sui, Mang Tha Real Estate, LLC. MIBOR as distributed by MLS GRID
- $242,0003 bd3 ba1.4k sqft120 White Lick Dr, Indianapolis, IN 46227ActiveMLS ID #22105506, Ngun Til, Landtree, REALTORS®. MIBOR as distributed by MLS GRID
- $235,0003 bd3 ba1.7k sqft4722 Eva Ct, Indianapolis, IN 46227ActiveMLS ID #22111534, Mia Chatman, Austyn Avenue Real Estate. MIBOR as distributed by MLS GRID
- $223,0003 bd2 ba1.2k sqft6649 Earlswood Dr, Indianapolis, IN 46217ActiveMLS ID #22116609, Brenda Dean, Your Realty Link, LLC. MIBOR as distributed by MLS GRID
- $275,0003 bd2 ba1.7k sqft7440 Griffith Rd, Indianapolis, IN 46227ActiveMLS ID #22116173, Wendy Zin, Shalom Realty LLC. MIBOR as distributed by MLS GRID
- $259,0003 bd2 ba1.3k sqft4516 Riverbrook Ln, Indianapolis, IN 46254ActiveMLS ID #22117469, Scott Combs, Complete Real Estate Solutions. MIBOR as distributed by MLS GRID
- $219,0004 bd2 ba1.4k sqft16 Glenda Dr, Plainfield, IN 46168ActiveMLS ID #22106916, Suzzanna Broyles, Gemini Realty Grp Inc. MIBOR as distributed by MLS GRID
- $240,0004 bd2 ba1.3k sqft7739 Inverness Dr, Indianapolis, IN 46237ActiveMLS ID #22087748, Shelby Farrar, Opendoor Brokerage LLC. MIBOR as distributed by MLS GRID
- $246,0004 bd3 ba1.7k sqft3469 Aylesford Ln, Indianapolis, IN 46228ActiveMLS ID #22109629, Shelby Farrar, Opendoor Brokerage LLC. MIBOR as distributed by MLS GRID
- $244,9003 bd3 ba1.3k sqft5538 Pilgrim Dr, Indianapolis, IN 46254ActiveMLS ID #22102283, Luis Coronel, Realty of America LLC. MIBOR as distributed by MLS GRID
- $249,9003 bd2 ba1.6k sqft7155 E County Road 150 S, Avon, IN 46123ActiveMLS ID #22103078, Tyce Carlson, eXp Realty LLC. MIBOR as distributed by MLS GRID
- $164,9003 bd1 ba1.1k sqft3330 S Mooresville Rd, Indianapolis, IN 46221ActiveMLS ID #22100452, Dona Hayes, Home Quest Realty. MIBOR as distributed by MLS GRID
- $218,5002 bd1 ba1k sqft3819 S Olney St, Indianapolis, IN 46237ActiveMLS ID #22107213, Channing Russell, Russell Real Estate, LLC. MIBOR as distributed by MLS GRID
- $279,9003 bd3 ba1.7k sqft5230 Twin Bridge Blvd, Indianapolis, IN 46239ActiveMLS ID #22117718, Gib Barker, Exceptional Homes Realty. MIBOR as distributed by MLS GRID
- $219,9003 bd2 ba1.6k sqft2611 Lullwater Ln, Indianapolis, IN 46229ActiveMLS ID #22114619, Samuel Nieves-Montanez, Trelora Realty. MIBOR as distributed by MLS GRID
- $239,9003 bd2 ba1.2k sqft8410 Armistead Ln, Indianapolis, IN 46227ActiveMLS ID #22099468, Chris Hilligoss, eXp Realty, LLC. MIBOR as distributed by MLS GRID
