5136 Gambel Rd

Indianapolis, IN 46221

$244,900
Price
4
Beds
1,278 Sq. Ft.
$192 / Sq. Ft.
1,278
Sq. Ft.
$192
per Sq. Ft.
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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...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.
  1. Listed by Amanda Norman • eXp Realty LLC
    P: (317)-524-0241 amanda.norman@exprealty.com

Property Details for 5136 Gambel Road

Architectural Style
Colonial
Subdivision Name
Cloverleaf Village
Township
Decatur
Waterfront
No
LISTING UPDATED: 07/23/2026 04:02 PM

Property Details for 5136 Gambel Road

StatusActive
MLS #22111774
Days on Market29
Taxes$1,977 semi-annually
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1971
Lot Size0.28 AC / 12,196 SF
CountyMarion County
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Location

Listing Courtesy of eXp Realty LLC
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Building Information for 5136 Gambel Road

Stories-Year Built1971Building Size-Lot Size0.28 AC / 12,196 SF

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$1,574 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,245

Property Taxes

$330

HOA Dues

$0

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Property Information for 5136 Gambel Road

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46221
  • Postal Code Plus4: 3216
  • State Or Province: IN
  • View: No
Taxes and HOA Information
  • Parcel Number: 491131119024000200
  • Semi Annual Property Tax Amt: 1977
  • Tax Exemption: Homestead Tax Exemption Filed Not Reflected
  • Tax Year: 2024
  • TaxLot: 49-11-31-119-024.000-200
School Information
  • Elementary School: Blue Academy
  • High School: Decatur Central High School
  • Middle Or Junior School: Decatur Middle School
  • School District: MSD Decatur Township
Parking
  • Garage YN: Yes
  • Garage Parking Other: Garage Door Opener
  • Garage Spaces: 2.0
  • Garage SqFt: 529
Property
Lot Information
  • Acreage: 1/4-1/2 Acre
  • Lot Description: Not In Subdivision
  • Lot Size Square Feet: 12327.0
  • Lot Size Acres: 0.28
  • Main Level SqFt: 628
  • New Construction: False
  • Living SqFt: 650.0
  • Sqft Total: 1278.0
  • Sq Ft Total: 1278.0
  • Year Built Numeric: 1971
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • DPRYN: Yes
  • Inspection Warranties: Not Applicable
  • Legal Subdivision: Cloverleaf Village 3rd Sec L079
  • Photos Count: 29
  • Property Attached: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Transaction Type: Sale
  • Property Condition: Fixer
Utilities
  • Solid Waste: Yes
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick
  • Exterior Features: Other
  • Foundation Details: Crawl Space
  • Fuel: No Fuel Source
  • Pool Private: No
  • Horse Amenities: None
  • Fencing: Chain Link
Interior Features
  • Accessibility Features: Stair Lift
  • Accessibility Features: Yes
  • Appliances: Electric Cooktop, Electric Water Heater, Disposal, Microwave, Electric Oven, Refrigerator
  • Areas Interior: Laundry in Unit,Living Room Formal
  • Basement YN: No
  • Cooling: Central Air
  • Eating Area: Dining Combo/Kitchen
  • Heating: Natural Gas
  • Interior Features: Attic Access, Handicap Accessible Interior, Hardwood Floors, Hi-Speed Internet Availbl, Eat-in Kitchen
  • Levels: Two
  • Kitchen Features: Kitchen Some Updates
  • Room List: Living Room, Kitchen, Laundry, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4
  • Room and Features: Living Room-Main, Kitchen-Main, Laundry-Main, Primary Bedroom-Upper, Bedroom 2-Upper, Bedroom 3-Upper, Bedroom 4-Upper
  • Spa: No
  • Main Level Bedrooms: 0
  • Laundry Features: In Unit, Main Level
  • Num Bedrooms Upper: 4
  • Num Bedrooms Basement: 0
  • Rooms Basement: 0
Room Information
Room Information
  • Rooms MU: 7
  • Rooms Total MU: 7
  • Total Rooms: 7
Room 1
  • Room Level: Main
  • Room Dimensions: 20x11
  • Room Type: Living Room
Room 2
  • Room Level: Main
  • Room Dimensions: 17x11
  • Room Type: Kitchen
Room 3
  • Room Level: Main
  • Room Dimensions: 6x3
  • Room Type: Laundry
Room 4
  • Room Level: Upper
  • Room Dimensions: 11x11
  • Room Type: Primary Bedroom
Room 5
  • Room Level: Upper
  • Room Dimensions: 11x9
  • Room Type: Bedroom 2
Room 6
  • Room Level: Upper
  • Room Dimensions: 9x8
  • Room Type: Bedroom 3
Room 7
  • Room Level: Upper
  • Room Dimensions: 9x9
  • Room Type: Bedroom 4
Bathrooms
  • Bathrooms Full: 1
  • Bathrooms Half: 1
  • Bathrooms Total Count: 2
  • Full Baths Basement: 0
  • Full Baths Main: 0
  • Full Baths MU: 1
  • Full Baths Upper: 1
  • Half Baths Basement: 0
  • Half Baths Main: 1
  • Half Baths MU: 1
  • Half Baths Upper: 0
Bedrooms
  • Beds MU: 4
  • Bedrooms MU: 4
  • Bedrooms Total: 4

Property History for 5136 Gambel Road

DateEvent & SourcePriceAppreciation
Jul 23, 2026

Price Change

MIBORMLS #22111774

$244,900—
Jun 30, 2026

Listed (Active)

MIBORMLS #22111774

$249,900—
Jul 19, 2019

Sold

MIBORMLS #21623270

$90,000—
DateEvent & SourcePrice
07/23/2026

Price Change

MIBORMLS #22111774

$244,900
06/30/2026

Listed (Active)

MIBORMLS #22111774

$249,900
07/19/2019

Sold

MIBORMLS #21623270

$90,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 5136 Gambel Road

Taxable ValueLand$14,400Additions$162,600Total$177,000
Tax Record2024$3,955 ($330 / month)
Home Facts
Beds4Total Finished SqFt1,278 SqFtAbove Grade Finished SqFt1,278 SqFtStories2Lot Size12,327 SqFtStyleSingle Family ResidenceYear Built1971ZoningZO01CountyMARIONAPN49-11-31-119-024.000-200Fireplace TypeMasonry

Schools near 5136 Gambel Road

This home is within M S D Decatur Township.
Rating
School
Type
Grades
Distance
Blue Academy
Public - K to 6
Decatur Middle School
Public - 7 to 8
Decatur Central High School
Public - 9 to 12
Decatur High Ability Academy
Public - 3 to 6
Rating
School
Distance
Blue Academy
PublicK to 6

Decatur Middle School
Public7 to 8

Decatur Central High School
Public9 to 12

Decatur High Ability Academy
Public3 to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 5136 Gambel Road, Indianapolis, IN 46221

5136 Gambel Road is a single family home for sale in Indianapolis, IN 46221. This property was listed for sale on June 30, 2026 by eXp Realty LLC, it's currently listed at $244,900. It has been on the market for a total of 29 days and was last sold on July 19, 2019. This listing's school district is M S D Decatur Township. Nearby schools include Blue Academy, Decatur Middle School and Decatur Central High School. 5136 Gambel Road is a 4-bed, 2-bath, 1,278 sqft single family home built in 1971.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty LLC

Based on information submitted to the MLS GRID as of 07/23/2026 04:02 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.