Sheldon Barnes
For Sale — 3528 Lambert Street, Indianapolis, IN 462413528 Lambert Street
Indianapolis, Indiana 46241
Morris Park
$150,000
Schedule a Showing2
Beds
1
Baths
1,260
Sq Ft
1951
Year Built
0.27
Acres
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Sheldon Barnes is a Carmel realtor and licensed real estate agent serving Indianapolis, Indiana and the rest of Hamilton County. Book a private tour of 3528 Lambert Street in Morris Park, ask any question about this home, or talk through what you should know about buying in Indianapolis.
ABOUT THIS HOME
Indy downtown bungalow offers great potential with a full basement, partially finished for added living or storage space. Hardwood floors add character throughout. Home needs some TLC, making it ideal for investors or buyers ready to build equity. Features include a detached garage, storage shed, and a chain-link fenced yard. Conveniently located near I-70 with easy access to downtown Indianapolis. Great opportunity in a central location!
Key things to know
- Hardwood floors throughout
- Full basement, partially finished
- Detached garage and storage shed
- Fenced yard
- Near I-70 and downtown access
Monthly payment
Estimate · $150,000
$878/mo
≈ $798 principal & interest · $80 tax
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $30,000 on a loan of $120,000.
Price history
- Listedat $150,000
Feb 17, 2026
Recent comparable sales
$50,000
40 S Taft Avenue
1bd · 1ba · 1,008 sqft
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321 Hardin Boulevard
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$65,000
3915 Oliver Avenue
3bd · 1ba · 1,112 sqft
Sold May 2026
$140,000
5107 Martha Street
2bd · 2ba · 1,104 sqft
Sold Apr 2026
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6535 W Morris Street
3bd · 1ba · 1,265 sqft
Sold May 2026
Comparative value
5 comps in this range
This home is 7.1% above median for similar nearby sales.
Want to know anything specific? Ask about updates, finishes, the basement, the yard — I read the listing's photos, MLS data, and remarks and cite what I find.
FEATURES & AMENITIES
Interior
Exterior
Climate
THE FACTS
Pricing trajectory, room-by-room layout, schools, and what's nearby.
Price history
$150,000Listed· Feb 17, 2026
4 days on market
Layout
Schools
MSD Wayne Township
Elementary
Stout Field Elementary School
Middle
Lynhurst 7th & 8th Grade Center
High
Ben Davis High School
Neighborhood
- Downtown Indianapolis3.5 mi
- Zionsville Community HS14.8 mi
- Carmel Central Park15.3 mi
- Monon Trail (Carmel)15.5 mi
- Carmel High School16.1 mi
- IU Health North Hospital16.7 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
1,260 sq ft
Year Built
1951
Stories
One
Subdivision
Morris Park
Bedrooms
2
Bathrooms
1 full
Garage
1 spaces
School District
MSD Wayne Township