OPEN SUN, 2PM TO 4PM

For sale

$230,000

Est. $1,643/mo —

•

1,278

sq ft

5136 Gambel Rd, Indianapolis, IN 46221

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!

Single-familyProperty Type

1971Year Built

0.28 acresLot Size

$180Price/Sq.Ft.

2 car garageParking

Listed by Amanda Norman • eXp Realty LLC

Listing updated: Sep 4, 2026 at 10:59am

Redfin checked: a minute ago

•Source:MIBOR as Distributed by MLS Grid #22111774

Payment calculator

$1,643 per month

Principal and interest$1,209

Property taxes

$331

HOA dues

Home insurance

$104

Utilities

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Open houses

Sunday, Sep 6

2:00pm - 4:00pm

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Around this home

Schools

K - 12
Preschool & daycare

Blue Academy

Public K-6 • Assigned • 1.0mi

5/10

Decatur Middle School

Public 7-8 • Assigned • 1.6mi

3/10

Decatur Central High School

Public 9-12 • Assigned • 1.6mi

2/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Market insights

5136 Gambel Rd · $230,000

DAYS ON MARKET

The average home goes pending in 26 days.

SALE-TO-LIST

Most homes are selling 2% below list price.

LIST PRICE

Median list price in this area is $247,560. (5% higher than this home)

PRICE DROP

33% of homes in this area have had a price drop in the past month.

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Living

Interior features
Attic access
Handicap accessible interior with a stair lift
Hardwood floors
Eat-in kitchen
Formal living room

Bedrooms
Four bedrooms on the upper level
Primary bedroom with walk-in closet

Bathrooms
One full bathroom (upper) with tub and shower
One half bathroom (main)

Kitchen
Electric cooktop
Electric oven
Microwave
Dishwasher disposal
Refrigerator
Eat-in kitchen layout

Laundry & utility
Laundry in unit on the main level
Electric water heater

Flooring
Hardwood floors

Heating & cooling
Natural gas heating
Central air conditioning

Sale and tax history for 5136 Gambel Rd

Sale History
Tax History

Date

Event

Price

MIBOR as Distributed by MLS Grid #22111774

Sep 4, 2026

Price Changed

$230,000

$180/sq ft

Aug 28, 2026

Price Changed

$235,000

$184/sq ft

Aug 27, 2026

Price Changed

$240,000

$188/sq ft

Aug 27, 2026

Price Changed

$235,000

$184/sq ft

Aug 7, 2026

Price Changed

$240,000

$188/sq ft

Jul 23, 2026

Price Changed

$244,900

$192/sq ft

Jun 30, 2026

Listed

$249,900

$196/sq ft

MIBOR as Distributed by MLS Grid #21623270

Jul 19, 2019

Sold

$90,000

$70/sq ft

Jun 28, 2019

Pending

—

Feb 27, 2019

Listed

$104,400

$82/sq ft

MIBOR as Distributed by MLS Grid #2743263

Jul 2, 2007

Listed

$114,000

$89/sq ft

Join or sign in to view all info

Year

Property tax

Land + Additions

Assessment*

2025

$3,970 (−1.8%)

$14,400 + $160,800

$175,200

2024

$4,044 (+7.9%)

$14,400 + $162,600

$177,000

2023

$3,749 (+9.2%)

$14,400 + $162,600

$177,000

2022

$3,431 (+25.2%)

$14,400 + $145,300

$159,700

2021

$2,741 (+4.5%)

$14,400 + $101,600

$116,000

2020

$2,623 (+10.2%)

$14,400 + $101,600

$116,000

2019

$2,381 (+9.6%)

$14,400 + $100,900

$115,300

2018

$2,173 (+3.9%)

$14,400 + $86,400

$100,800

2017

$2,091 (−2.7%)

$14,400 + $74,300

$88,700

2016

$2,150 (+12.2%)

$14,400 + $74,300

$88,700

2015

$1,916 (+0.8%)

$14,400 + $77,100

$91,500

2014

$1,900 (+22.0%)

$14,400 + $70,400

$84,800

2013

$1,558

$14,400 + $69,400

$83,800

Public record

Public record
Zoning
Permits

Beds

Baths

1.5

Stories

Lot width

70 ft.

Lot depth

176 ft.

Lot size

0.28 Acres

Year renovated

1971

Finished Sq. Ft.

1,278

Unfinished Sq. Ft.

—

Total Sq. Ft.

1,278

Year built

1971

Style

Single Family Residential

County

Marion County

APN

491131119024000200

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 29, 2026.

AIRSPACE SECONDARY ZONING DISTRICT

METRO

Dwelling District Four

The D-4 District is intended for low or medium intensity single-family and two-family residential development. Land in this District needs good thoroughfare access, relatively flat topography, and nearby community and neighborhood services and facilities with pedestrian linkages. Provisions for recreational facilities serving the neighborhood within walking distance are vitally important. Trees fulfill an important cooling and drainage role for the individual lots in this District. The D-4 District has a typical density of 4.2 units per gross acre. This District fulfills the low density residential classification of the Comprehensive General Land Use Plan. All public utilities and facilities must be present. Development plans, which may include the use of clustering, should incorporate and promote environmental and aesthetic considerations, working within the constraints and advantages presented by existing site conditions, including vegetation, topography, drainage and wildlife.

Zone overlays

Airspace Secondary Zoning District
Metro Context Area

Permitted uses

Include but are not limited to:

Housing-Group
Housing-Single unit
Housing-Multiple units
Communications tower
Housing-Mobile home park
Park & open space

May 19, 2025 • Active

Right of way permit-excavation

Gas

Dec 14, 2020 • Final

Heating & cooling - 1-2 family

Replace the furnace and air conditioner in a residential building.

HVAC

Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

4/10 Heat Factor

7 days above 102° expected this year, 19 days in 30 years

2/10 Wind Factor

1% chance of strong winds in next 30 years

3/10 Air Factor

2 unhealthy days expected this year, 3 days in 30 years

Provided by First Street

Historical weather

Indianapolis, IN • 46221

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

92/ 100

Exceptional sunlight

Sunscore

This home receives average direct sun exposure in Indianapolis. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

10.7 hrs

6.6 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 5136 Gambel Rd

We cannot show automated home-value estimates for this home.

Nearby homes have recently sold between $179,900 and $255,000.

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $180K to $255K.

SOLD JUN 30, 2026
$240,000 Last sold price
3 beds2.5 baths1,278 sq ft
4948 Norcroft Dr, Indianapolis, IN 46221
$8/sq ft
smaller lot
1 year older
SOLD JUN 23, 2026
$215,000 Last sold price
3 beds1.5 baths1,278 sq ft
5425 Gambel Rd, Indianapolis, IN 46221
$12/sq ft
smaller lot
2 years newer
SOLD JAN 2, 2026
$190,000 Last sold price
4 beds1.5 baths1,278 sq ft
5301 Gambel Rd, Indianapolis, IN 46221
$31/sq ft
SOLD JUL 27, 2026
$179,900 Last sold price
3 beds1 bath912 sq ft
5012 Gambel Rd, Indianapolis, IN 46221
$17/sq ft
smaller lot
1 year newer
SOLD JUL 17, 2026
$255,000 Last sold price
3 beds2.5 baths1,656 sq ft
5425 Powder River Ct, Indianapolis, IN 46221
$26/sq ft
smaller lot
32 years newer
SOLD AUG 7, 2026
$249,000 Last sold price
2 beds2 baths1,394 sq ft
5331 Honey Manor Dr, Indianapolis, IN 46221
$1/sq ft
larger lot
16 years newer

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Details provided by MIBOR as Distributed by MLS Grid and may not match the public record. Learn more.

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