Open House Sun, Aug 23rd 02:00 PM - 04:00 PM - Price Reduction - Fixer Upper
Address
5136 Gambel Road, Indianapolis, IN
Price
$ 240,000
Property Attributes
- MLS#22111774
- TypeSingle Family
- Listing Status Active
- CountyMARION
- CityIndianapolis
- AreaDecatur
- NeighborhoodCloverleaf Village
- Zip46221
- StyleColonial
- Year Built1971
- Taxes$ 3970
- Price$ 240,000
- Bedrooms4
- Full Bathrooms1
- Half Bathrooms1
- Sqr Footage1278
- Lot Size0.28 Acres
Data Source:
MIBOR Broker Listing Cooperative
Property 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. This property also includes a 2-Car Detached Metal Garage. In addition, there are Hardwood Floors upstairs under the carpet! Don't miss the chance to secure this value-add property in a desirable location-opportunities like this don't last long.
| Elementary School | Middle School | High School |
|---|---|---|
| Blue Academy Elementary School | Decatur Middle School | Decatur Central High School |
| Price History | |
|---|---|
| 7/2/2026 | Listed $249,900 |
| 7/23/2026 | 3$244,900 |
| 8/8/2026 | 3$240,000 |
General Features
| Heating | Natural Gas |
|---|---|
| Cooling | Central Air |
| Utilities | Cable Available,Electricity Connected,Natural Gas Connected,Water Connected |
| Possession | Closing |
| Appliances | Electric Cooktop,Electric Water Heater,Disposal,Microwave,Electric Oven,Refrigerator |
| Garage Spaces | 2 |
| Patio/Porch Features | Covered |
| Architectural Style | Colonial |
| Construction Materials | Brick |
| Year Built | 1971 |
| Township | Decatur |
| Levels | Two |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| Accessibility | Stair Lift |
| County | Marion |
| New Construction | No |
| Property Type | Residential |
| Subdivision Name | Cloverleaf Village |
| Garage Y/N | Yes |
| Total Rooms | 7 |
| Full Baths | 1 |
| Status | Active |
| Directions | GPS Friendly |
| High School | Decatur Central High School |
| City | Indianapolis |
| High School District | MSD Decatur Township |
| MLS Area | 4908 - Marion - Decatur |
| Lot Size Square Feet | 12327 |
| Elementary School | Blue Academy |
| Property Attached Y/N | No |
| Current Financing | Conventional |
| Middle/Junior High School | Decatur Middle School |
| Property Condition | Fixer |
| Additional Parcels Y/N | No |
| Standard Status | Active |
| Tax Lot | 49-11-31-119-024.000-200 |
| Legal Description | Cloverleaf Village 3rd Sec L079 |
Interior Features
| Interior Amenities | Attic Access,Handicap Accessible Interior,Hardwood Floors,Hi-Speed Internet Availbl,Eat-in Kitchen |
|---|---|
| Basement (Y/N) | No |
| Half Baths | 1 |
| Laundry Features | In Unit,Main Level |
| Total Bedrooms | 4 |
| LivingAreaSource | Assessor |
| Total Baths | 2 |
Exterior Features
| Exterior Amenities | Other |
|---|---|
| Fencing | Chain Link |
| Parking Features | Attached |
| Lot Features | Not In Subdivision |
| Water Source | Public |
| Foundation Details | Crawl Space |
| Spa | No |
| Building Area Total | 1278 |
| Lot Size Acres | 0.28 |
| Waterfront Y/N | No |
| Horse Amenities | None |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 46221
Price
Taxes
Year Built
Visits
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Last Updated: August 19, 2026 6:28 PM UTC
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Information last updated on August 19, 2026 6:40 PM UTC
The content relating to real estate for sale and/or lease on this Web site comes in part from
the Internet Data eXchange ("IDX") program of the Northwest Indiana REALTORS® Association Multiple Listing Service ("NIRA MLS"). and is communicated verbatim, without change, as filed by its members. This information is being provided for the consumers' personal, noncommercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing
