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Back 1846 Lambert Street
Off Market

1846 Lambert Street

Indianapolis IN 46221

4351 sq. ft.
Duplex
Last sold for $207,000
Corina JonesCorina Jones, last sold this property on 19 August 2026 after 56 days on market.

Overview

Turnkey Income-Producing Duplex Investment Opportunity in Indianapolis! Currently producing approximately $34,800 a year. Don't miss your chance to own this fully occupied, income-producing duplex at 1846 W Lambert Street. Featuring two spacious units, each offering 3 bedrooms and 2 full bathrooms, this property is an excellent addition to any investment portfolio. Both units are currently leased for $1,450 per month, providing immediate and consistent rental income. Each unit features a functional layout with two bedrooms and a full bathroom on the main level, while the private upstairs primary suite includes its own full bathroom. Recently remodeled on the interior, the property offers updated living spaces that appeal to tenants while helping minimize future maintenance concerns. Whether you're a seasoned investor looking to expand your portfolio or searching for a turnkey rental property, this duplex checks all the boxes. With strong rental income, modern updates, and full occupancy already in place, this is a turnkey investment opportunity you won't want to miss. Schedule your showing today!

Features

4351 sq. ft. lot size
Duplex

Estimated Value

Based on this property and similar duplexes sold in Indianapolis over the last 12 months, the estimated median property value of 1846 Lambert Street is $145k.

Median value
$145k
Estimated value range
$65k - $253k
Median days on market
37
Estimated value trend
-32%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Indianapolis. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1846 Lambert Street

2026
Sold
$207,000
19 Aug 2026 by Corina Jones, of Your Home Team
2026
Sold
$110,000
27 Feb 2026 by Joshua Vida, of Paradigm Realty Solutions

Happy sellers in Indianapolis

89%
89% of sellers in Indianapolis reported that their sale price either exceeded or met their price expectations.

Indianapolis stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 7 reviews in Indianapolis over the last 12 months.

Local market activity for duplexes in Indianapolis

In the last 12 months, 11 duplexes similar to 1846 Lambert Street, have been sold.

This represents a 8% decrease in duplexes sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Indianapolis

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Jessica Leatherman

Jessica Leatherman is a recommended agent for Indianapolis.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   5   (3 reviews)
  •  1 Review in Indianapolis
  •  1 Sale in Indianapolis
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Rene Hauck

Rene Hauck is an award winning recommended agent for Indianapolis.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   5   (42 reviews)
  •  1 Review in Indianapolis
  •  1 Sale in Indianapolis
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Laura O'Connor

Laura O'Connor is a recommended agent for Indianapolis.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   4.8   (4 reviews)
  •  1 Review in Indianapolis
  •  1 Sale in Indianapolis
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Denise Drain

Denise Drain is a recommended agent for Indianapolis.  They have collected 1 local review across the last 12 months.

  •   5   (1 review)
  •  1 Review in Indianapolis
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