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!
Pending
$69,000
5306 N Franklin Rd, Indianapolis, IN 46226
3beds
1,248sqft
Residential, Condominium
Built in 1974
-- sqft lot
$-- Zestimate®
$55/sqft
$409/mo HOA
What's special
Convenient main-floor bedroomSide-by-side laundry areaEat-in kitchenPrivate enclosed backyard area
- 22 days |
- 229 |
- 10 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Peter Stewart 317-450-9202,
Keller Williams Indpls Metro N
Source: MIBOR as distributed by MLS GRID,MLS#: 22104650
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 1
Primary bedroom
- Level: Upper
- Area: 140 Square Feet
- Dimensions: 14x10
Bedroom 2
- Level: Upper
- Area: 110 Square Feet
- Dimensions: 11x10
Bedroom 3
- Level: Main
- Area: 100 Square Feet
- Dimensions: 10x10
Dining room
- Level: Main
- Area: 63 Square Feet
- Dimensions: 9x7
Kitchen
- Level: Main
- Area: 63 Square Feet
- Dimensions: 9x7
Living room
- Level: Main
- Area: 322 Square Feet
- Dimensions: 23x14
Heating
- Forced Air, Electric
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Electric Water Heater, Disposal, Gas Oven, Range Hood, Refrigerator, Washer
- Laundry: Connections All, Laundry Closet
Features
- Attic Access, Ceiling Fan(s), Eat-in Kitchen, Smart Thermostat
- Has basement: No
- Attic: Access Only
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 1,248
- Total interior livable area: 1,248 sqft
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: Detached
- Garage spaces: 1
Features
- Levels: Two
- Stories: 2
- Entry location: Ground Level
- Patio & porch: Patio
- Fencing: Fenced,Privacy
Lot
- Features: Sidewalks, Street Lights
Details
- Parcel number: 490712114070000407
- Special conditions: As Is,Fixer Upper
- Horse amenities: None
Construction
Type & style
- Home type: Condo
- Architectural style: Traditional
- Property subtype: Residential, Condominium
- Attached to another structure: Yes
Materials
- Wood Siding
- Foundation: Slab
Condition
- Fixer
- New construction: No
- Year built: 1974
Utilities & green energy
- Water: Public
Community & HOA
Community
- Features: Clubhouse, Pool
- Subdivision: Franklin Trail Estates
HOA
- Has HOA: Yes
- Amenities included: Clubhouse, Insurance, Maintenance Grounds, Maintenance, Management, Trash
- Services included: Association Home Owners, Clubhouse, Sewer, Entrance Common, Insurance, Maintenance Grounds, Maintenance Structure, Maintenance, Management, Trash
- HOA fee: $409 monthly
- HOA phone: 317-572-7036
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $55/sqft
- Tax assessed value: $97,700
- Annual tax amount: $714
- Date on market: 6/2/2026
- Cumulative days on market: 15 days
Estimated market value
Not available
Estimated sales range
Not available
$1,564/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/3/2026 | Pending sale | $69,000$55/sqft |
Source:  MIBOR as distributed by MLS GRID #22104650 Report a problem | ||
| 6/2/2026 | Listed for sale | $69,000$55/sqft |
Source: MIBOR as distributed by MLS GRID #22104650 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $714 +40.9% | $97,700 +7.6% |
| 2024 | $507 +31.5% | $90,800 +11.4% |
| 2023 | $385 -1.9% | $81,500 +38.1% |
| 2022 | $393 -2.5% | $59,000 +6.1% |
| 2021 | $403 +18.5% | $55,600 |
| 2020 | $340 +1.9% | $55,600 +6.5% |
| 2019 | $334 -1.2% | $52,200 +4.2% |
| 2018 | $338 -20.6% | $50,100 +0.4% |
| 2017 | $425 +3.6% | $49,900 -18.2% |
| 2016 | $411 +6.2% | $61,000 +0.8% |
| 2014 | $386 -72.1% | $60,500 |
| 2013 | $1,386 | $60,500 -12.7% |
| 2012 | $1,386 | $69,300 +17.3% |
| 2011 | -- | $59,100 |
| 2010 | $1,182 | $59,100 |
| 2009 | $1,182 | $59,100 -3.3% |
| 2007 | -- | $61,100 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 46226
Nearby schools
GreatSchools rating
- 3/10Harrison Hill Elementary SchoolGrades: 1-6Distance: 0.4 mi
- 3/10Belzer Middle SchoolGrades: 7-8Distance: 0.5 mi
- 3/10Lawrence Central High SchoolGrades: 9-12Distance: 0.7 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Indiana
- Marion County
- Lawrence
- 46226
- 5306 N Franklin Rd
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Nearby zip codes
Other Lawrence Topics
