5306 N Franklin Road, Indianapolis, IN 46226
  • $69,000

Description

Incredible investment or sweat-equity opportunity in Franklin Trails Estates! Located at 5306 N Franklin Rd, this 3-bedroom, 2-bath, 1,248 sq ft two-story townhome is a cosmetic fixer priced perfectly for its current condition. With a nicely remodeled ARV up to $140k, the upside here is massive for flippers or handy owner-occupants. The main level features a soaring two-story vaulted living room, a convenient main-floor bedroom and full bath, and an eat-in kitchen with side-by-side laundry area that can easily be expanded and opened up without moving structural walls. Upstairs holds two additional bedrooms and a full bath. Outside, enjoy a private, enclosed backyard area and a detached 1-car garage. You already have a great head start with a 5-year-old HVAC system with an Ecobee thermostat, a 2021 dishwasher, and an updated 2019 kitchen sink and plumbing. The location is unbeatable: directly across from the Lawrence Soccer Complex, skatepark, and playground, blocks from Fort Ben State Park and Lawrence Central High, and minutes from Pendleton Pike and I-465. The low-maintenance HOA covers water, sewer, trash, exterior maintenance and landscaping, and grants access to the community pool and clubhouse-owners only pay electricity! Sold strictly as-is, seller to do no repairs. Cash or conventional financing only (no FHA/VA or creative financing). Rentals are allowed but subject to a community cap/waitlist. Bring your vision and schedule a showing today to unlock this property’s true potential!

  • Address: 5306 N Franklin Road
  • City: Indianapolis
  • State/county: IN
  • Zip/Postal Code: 46226

Details

Updated on June 30, 2026 at 2:17 am
  • Property ID 22104650
  • Price $69,000
  • Property Size 1248 Sqft
  • Bedrooms 3
  • Rooms 6
  • Bathrooms 2
  • Garage 1
  • Garage Size x x
  • Year Built 1974
  • Property Type Condominium, Residential
  • Property Status Closed

Additional details

  • Association Fee 409
  • Cooling Central Air
  • Heating Forced Air,Electric
  • County Marion
  • Property Type Residential
  • Parking Detached
  • Architectural Style Traditional

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Preeti Chaggar

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