3041 S Kercheval Drive, Indianapolis, IN 46239
- $425,000
- $425,000
- $425,000
- $425,000
Description
RARE opportunity to acquire an adaptable, income-oriented property in desirable Franklin Township, offering multiple private living spaces and strong house hacking potential on nearly half an acre. Originally built as a ranch-style home and has since been extensively expanded and improved, now totaling approx. 3,325sqft configured for flexible occupancy and income generation. The main residence (approx. 1,624 sqft) features 4 bedrooms and 2 full bathrooms, including a renovated kitchen with granite countertops, updated cabinetry, and stainless-steel appliances. A private primary suite offers an en-suite bath and walk-in closet, while recent updates, roof, flooring, windows, and mechanicals, support reduced near-term capital expenditures. The secondary living space (approx. 1,701 sqft) is designed with independent functionality, featuring a full kitchen, loft, dedicated laundry, and separate entrance. Its layout supports strong rental appeal or extended-stay occupancy, making it well-suited for owner-occupants seeking to offset expenses or investors targeting dual-income streams. Updated units in the surrounding area have achieved rents of approximately $1,300+ per month (buyer to verify), with even more upside given the size, condition, and configuration of this property. Additional value is found in a detached finished flex structure with electrical service and climate control, ideal for workspace, storage, or supplemental use, as well as three total parcels that may provide future development or resale optionality (buyer to verify land use). The property is serviced by well water with reverse osmosis systems, multiple HVAC setups including newer, more efficient units, and updated infrastructure throughout. Exterior features include a large fenced yard, ample parking, and durable HardiePlank siding. Zoned D-5 offering flexible use. Whether you are an investor or owner-occupant looking to house hack, this property delivers impressive cash flow potential and upside!
Address
Open on Google Maps-
Address: 3041 S Kercheval Drive
-
City: Indianapolis
-
State/county: IN
-
Zip/Postal Code: 46239
Details
Updated on March 21, 2026 at 10:30 pm-
Property ID 22090607
-
Price $425,000
-
Land Area 0.41 Acres
-
Garage Size x x
-
Year Built 1954
-
Property Type Duplex, Residential Income
-
Property Status Active
Additional details
-
Roof Shingle
-
Cooling Central Air,Zoned
-
Heating Forced Air,Natural Gas
-
County Marion
-
Property Type Residential Income
-
Parking Alley Access,Gravel
-
Middle School Franklin Central Junior High
-
Architectural Style Craftsman,Ranch
Features
Mortgage Calculator
-
Down Payment
-
Loan Amount
-
Monthly Mortgage Payment
-
Property Tax
-
Home Insurance
-
PMI
-
Monthly HOA Fees