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5136 Gambel Road

Indianapolis, IN 46221

ActiveListed Jun 30, 2026 · 104 days on market

Key facts

Beds
4
Baths
1 full · 1 half
Living area
1,278 sqft
Lot
0.28 acres
Year built
1971
Type
Residential · Single Family Residence
Stories
Two
Garage
2 spaces
MLS #
22111774
County
Marion
Subdivision
Cloverleaf Village

About this home

This charming two-story, 4-bedroom, 1.5-bathroom home in Decatur Township offers the perfect blend of modern updates, incredible value, and spacious outdoor space. Complete with an attached two-car garage plus an additional detached two-car metal garage, offering buyers with more garage capacity-perfect for car enthusiasts, a workshop, a small boat , or extra storage! Step inside to find a functional layout loaded with upgrades. The heart of the home features brand-new vinyl flooring in the kitchen (2026), fresh paint throughout, and newly updated faucets. A comprehensive 2019 renovation brought massive value, including new kitchen cabinets, updated electrical systems, updated furnace and AC unit for buyers peace of mind. Under the carpets upstairs you will find beautifully well kept hardwood floors giving buyers the option of throwing out the included carpets. The exterior is a true standout feature. Step out onto the back porch to enjoy a spacious, fully fenced backyard that offers a private oasis for children, pets, or outdoor entertaining. With minimal work needed, this property is truly move-in ready and offers an incredible opportunity for primary buyers or investors alike. * Terms: Being sold strictly As-Is. * Financing: Open to conventional Don't miss out on this Decatur Township gem-schedule your showing today!

Description provided by the listing brokerage.

Interior

Appliances
Electric CooktopElectric Water HeaterDisposalMicrowaveElectric OvenRefrigerator
Interior features
Attic AccessHandicap Accessible InteriorHi-Speed Internet AvailblEat-in Kitchen
Kitchen
Kitchen Some Updates
Other rooms and areas
Laundry in UnitLiving Room Formal
Flooring
Hardwood
Laundry
In UnitMain Level
Accessibility
Stair Lift
Rooms
7
Condition
Fixer

Exterior

Patio and porch
Covered
Construction
Brick
Foundation
Crawl Space
Style
Colonial
Parking and garage
Attached
Fencing
Chain Link

Systems

Heating
Gas
Cooling
Central Air
Water
Public
Utilities
Cable AvailableElectricity ConnectedNatural Gas ConnectedWater Connected

Lot and HOA

Lot features
Not In Subdivision

Schools

Elementary school
Blue Academy
Middle school
Decatur Middle School
High school
Decatur Central High School
School district
MSD Decatur Township

Taxes

Estimated annual tax
$3,970 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$1,544per month, estimated
Principal and interest $1,134Property tax $331Insurance $79
20% · $45,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$225,000
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