Price Reduction - Foreclosure - Fixer Upper - Primary on Main
Address
3528 Lambert Street, Indianapolis, IN
Price
$ 123,750
Property Attributes
- MLS#22122522
- TypeSingle Family
- Listing Status Active
- CountyMARION
- CityIndianapolis
- AreaWayne
- NeighborhoodMorris Park
- Zip46241
- StyleBungalow,Ranch
- Year Built1951
- Taxes$ 1234
- Price$ 123,750
- Bedrooms2
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage1440
- Lot Size0.27 Acres
Data Source:
MIBOR Broker Listing Cooperative
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.
| Elementary School | Middle School | High School |
|---|---|---|
| Stout Field Elementary School | Lynhurst 7th & 8th Grade Center Middle School | Ben Davis High School |
| Price History | |
|---|---|
| 8/26/2026 | Listed $125,000 |
| 9/24/2026 | 1$123,750 |
General Features
| Heating | Forced Air,Natural Gas |
|---|---|
| Cooling | Central Air |
| Utilities | Cable Available,Natural Gas Connected |
| Possession | Closing |
| Appliances | Dishwasher,Dryer,Gas Water Heater,Microwave,Gas Oven,Refrigerator,Washer,Water Purifier,Water Softener Owned |
| Garage Spaces | 1 |
| Architectural Style | Bungalow,Ranch |
| Construction Materials | Vinyl Siding |
| Year Built | 1951 |
| Township | Wayne |
| Levels | One |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| County | Marion |
| New Construction | No |
| Property Type | Residential |
| HOA | No |
| Subdivision Name | Morris Park |
| Facing Direction | South |
| Garage Y/N | Yes |
| Total Rooms | 6 |
| Full Baths | 1 |
| Status | Active |
| Directions | GPS Friendly |
| High School | Ben Davis High School |
| City | Indianapolis |
| Disclosures | BankOwned |
| High School District | MSD Wayne Township |
| MLS Area | 4909 - Marion - Wayne |
| Lot Size Square Feet | 11761 |
| Elementary School | Stout Field Elementary School |
| Property Attached Y/N | No |
| Current Financing | Cash Only |
| Middle/Junior High School | Lynhurst 7th & 8th Grade Center |
| Property Condition | Fixer |
| Standard Status | Active |
| Tax Lot | 3424 |
| Legal Description | Morris Park 2nd Sec L46 |
Interior Features
| Interior Amenities | Attic Access,Paddle Fan,Eat-in Kitchen,WoodWorkStain/Painted |
|---|---|
| Basement | Full |
| Basement (Y/N) | Yes |
| Laundry Features | In Basement |
| Total Bedrooms | 2 |
| Below Grade Finished Area | 216 |
| Main Level Bedrooms | 2 |
| LivingAreaSource | Assessor |
| Total Baths | 1 |
Exterior Features
| Exterior Amenities | Storage Shed |
|---|---|
| Fencing | Chain Link,Full |
| Parking Features | Detached |
| Water Source | Public |
| Foundation Details | Block |
| Building Area Total | 1440 |
| Lot Size Acres | 0.27 |
| Other Equipment | Smoke Alarm,Sump Pump |
| 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 46241
Price
Taxes
Year Built
Visits
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