3540 Lambert St
Indianapolis, IN 46241
2 bd 1 ba 1,440 sqft Built 1951 Lot 11,761 sqft single_family
Most recent sale
$166,112
Oct 3, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 5, 2026 | Sold | $160,000 | MIBOR |
| Mar 9, 2026 | Price changed | $165,000 | MIBOR |
| Feb 28, 2026 | Listed | $172,500 | Terrehaute |
| Oct 3, 2022 | Sold | $166,112 | Public Record |
| Sep 28, 2022 | Sold | $137,000 | MIBOR |
| Aug 24, 2022 | Price changed | $137,900 | MLS #21865590 |
| Aug 10, 2022 | Price changed | $138,900 | MLS #21865590 |
| Jul 3, 2022 | Price changed | $135,000 | MLS #21865590 |
| Jun 23, 2022 | Listed | $139,900 | MLS #21865590 |
| Jul 31, 2017 | Sold | $54,543 | Public Record |
| Jul 25, 2017 | Listing removed | $57,400 | MIBOR |
| May 14, 2017 | Price changed | $57,400 | MLS #21460794 |
| Apr 22, 2017 | Price changed | $59,900 | MLS #21460794 |
| Mar 15, 2017 | Price changed | $64,900 | MLS #21460794 |
| Feb 7, 2017 | Price changed | $69,900 | MLS #21460794 |
| Jan 17, 2017 | Listed | $79,900 | MLS #21460794 |
| Jun 13, 2007 | Sold | $55,000 | MIBOR |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $117,200 | $9,100 | $126,300 | $1,412 |
| 2024 | $89,800 | $9,100 | $98,900 | $1,209 |
| 2023 | $86,500 | $9,100 | $95,600 | $1,162 |
| 2022 | $62,400 | $9,100 | $71,500 | $1,129 |
| 2021 | $62,400 | $9,100 | $71,500 | $776 |
| 2020 | $53,700 | $9,100 | $62,800 | $678 |
| 2019 | $53,700 | $9,100 | $62,800 | $677 |
| 2018 | $37,400 | $9,100 | $46,500 | $455 |
| 2017 | $35,600 | $9,100 | $44,700 | $437 |
| 2016 | $34,600 | $9,100 | $43,700 | $428 |
| 2015 | $33,500 | $9,100 | $42,600 | $331 |
| 2014 | $32,800 | $9,100 | $41,900 | $279 |
| 2013 | $35,800 | $9,100 | $44,900 | $363 |
| 2012 | $37,100 | $9,100 | $46,200 | $330 |
| 2011 | $37,100 | $9,100 | $46,200 | $298 |
| 2010 | $37,500 | $9,100 | $46,600 | $272 |
| 2008 | $38,300 | $9,100 | $47,400 | $486 |
| 2006 | $49,000 | $9,100 | $58,100 | $1,425 |
Property facts
Year built
1951
Property type
single_family
Stories
1
Beds
2
Baths
1
Living area
1,440 sqft
Lot size
11,761 sqft
ZIP code
46241
City
Indianapolis
Street
Lambert St
Coordinates
39.74853, -86.21878
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$997
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 3540 Lambert St last sell?
3540 Lambert St most recently sold on Oct 3, 2022 for $166,112.
What is the current tax assessment for 3540 Lambert St?
The most recent total assessment for 3540 Lambert St (year 2025) is $126,300 with $1,412 in property tax.
How does 3540 Lambert St's assessment compare to its last sale price?
The current assessment is 24.0% below the last sale price of $166,112.
When was 3540 Lambert St built?
3540 Lambert St was built in 1951.
How does 3540 Lambert St compare to others on Lambert St?
We track 3 other properties on Lambert St. Browse the list under "Other properties on Lambert St" to compare beds, baths, and sale history.
What are the property facts for 3540 Lambert St?
3540 Lambert St is a 2 bed, 1 bath, 1,440 sqft, 11,761 sqft lot single_family.
Is 3540 Lambert St a flip candidate?
Yes — 3540 Lambert St appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 3540 Lambert St a tax-appeal candidate?
No — 3540 Lambert St is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-1.2%
Implied 1-yr
-4.9%
2026 Q3
$170K
2026 Q4
$167.7K
ZIP 46241 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Lambert St