5306 N Franklin RD, Indianapolis, IN 46226
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5306 N Franklin RD, Indianapolis, IN 46226
5306 N Franklin RD, Indianapolis, IN 46226
5306 N Franklin RD, Indianapolis, IN 46226
5306 N Franklin RD, Indianapolis, IN 46226
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Jeff Landers

Jeff Landers

+1(317) 750-9767
Listed by Peter Stewart • Keller Williams Indpls Metro N
$ 69,000
Est. payment /mo
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5306 N Franklin RD Indianapolis, IN 46226

3 Beds

2 Baths

1,248 SqFt

UPDATED:

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 1,248 sqft

Price per Sqft $55

Subdivision Franklin Trail Estates

MLS Listing ID 22104650

Bedrooms 3

Full Baths 2

HOA Fees $409/mo

HOA Y/N Yes

Year Built 1974

Tax Year 2024

Property Sub-Type Condominium

Property 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!

Location

State IN

County Marion

Rooms

Main Level Bedrooms 1

Interior

Interior Features Attic Access, Ceiling Vaulted, Paddle Fan, Eat-in Kitchen, Smart Thermostat

Heating Forced Air, Electric

Cooling Central Air

Fireplace Y

Appliance Dishwasher, Dryer, Electric Water Heater, Disposal, Gas Oven, Range Hood, Refrigerator, Washer

Exterior

Garage Spaces 1.0

View Y/N false

Building

Story Two

Foundation Slab

Water Public

Architectural Style Traditional

Structure Type Wood Siding

New Construction false

Schools

School District Msd Lawrence Township

Others

HOA Fee Include Association Home Owners,Clubhouse,Sewer,Entrance Common,Insurance,Maintenance Grounds,Maintenance Structure,Maintenance,Management,Trash

Ownership Horizontal Prop Regime

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MIBOR MLS
© 2026 All listing information is courtesy of MIBOR Broker Listing Cooperative(R) as distributed by MLS Grid. All rights reserved.

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Jeff Landers

Jeff Landers

Real Estate Advisor | License ID: RB14050540

+1(317) 750-9767

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By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Jeff Landers, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

I simply cannot recommend Jeff enough to anyone considering buying or selling a home. My experience with him selling my first house has confirmed in my mind that he is absolutely the best in the business. Not only is Jeff outstandingly professional, knowledgeable and experienced but he constantly and consistently went above and beyond for me during this process. His willingness to listen to me when I was panicking and calm me down and go to bat for me in difficult situations is something I am incredibly grateful for. I trust Jeff implicitly and was never steered wrong throughout the entire process. 5 stars is not enough to express my gratitude and stellar experience with Jeff.

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5306 N Franklin RD