3528 Lambert Street, Indianapolis, IN 46241

$125,000
2
BD
1
BA
1,440
SqFt

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List Price
$125,000
Days on Market
16
Status
ACTIVE
MLS#
22122522
Bedrooms
2
Bathrooms
1
Full Baths
1
Living Area
1,440
Lot Size (Acres)
0.27
Year Built
1951

Property 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.

Additional Information

Area
Wayne
Subdivision
Morris Park
Foreclosure
Yes
Taxes
$617
Stories
One
Interior Features
Attic Access, Paddle Fan, Eat-in Kitchen, WoodWorkStain/Painted
Garage Spaces
1
Exterior Features
Storage Shed
Cooling
Central Air

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Calculator source: Real Geeks

Listing courtesy of Canull Group LLC.

Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative