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!
Sold
$69,000
5306 N Franklin Rd, Indianapolis, IN 46226
3beds
1,248sqft
Residential, Condominium
Built in 1974
-- sqft lot
$69,100 Zestimate®
$55/sqft
$1,637 Estimated rent
Home value
$69,100
$66,000 - $73,000
$1,637/mo
Zestimate® history
Owner options
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$1,637/mo
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$1,637/mo
Rent Zestimate®
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$756/mo
Est. payment
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$756/mo
Est. payment
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List your homeWhat's special
Convenient main-floor bedroomSide-by-side laundry areaEat-in kitchenPrivate enclosed backyard area
Zillow last checked:
Listing updated:
Listed by:
Peter Stewart 317-450-9202,
Keller Williams Indpls Metro N
Bought with:
Jacob Spain
Ascend Homes
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
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: 2 days
Price history
| Date | Event | Price |
|---|---|---|
| 6/26/2026 | Sold | $69,000$55/sqft |
Source:  MIBOR as distributed by MLS GRID #22104650 Report a problem | ||
| 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
Neighborhood: 46226
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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
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Estimated market value
$69,100
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$69,100
- Indiana
- Marion County
- Lawrence
- 46226
- 5306 N Franklin Rd
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