Sheldon Barnes
For Sale — 5342 S Franklin Road, Indianapolis, IN 462395342 S Franklin Road
Indianapolis, Indiana 46239
No Subdivision
3
Beds
2
Baths
1,187
Sq Ft
1959
Year Built
0.55
Acres
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ABOUT THIS HOME
Welcome to this beautiful 3-bedroom, 2-bath home in the heart of Franklin Township! This move-in-ready property features brand new flooring and fresh paint throughout, spacious living areas, and a well-designed layout perfect for everyday living. Sitting on just over a half-acre, the large yard offers plenty of room to enjoy the outdoors, while the 2-car detached garage provides ample parking and storage. Conveniently located near schools, shopping, and dining, this home combines comfort, space, and location all in one.
Key things to know
- New flooring and fresh paint
- Half-acre lot with large yard
- 2-car detached garage
- Near schools and shopping
- Central air and natural gas heating
Browse by room
8 rooms · 19 photos
Monthly payment
Estimate · $240,000
$1,426/mo
≈ $1,277 principal & interest · $148 tax
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $48,000 on a loan of $192,000.
Price history
- Price reduced$245,000 → $240,000
Apr 23, 2026
- Listedat $260,000
Sep 26, 2025
Recent comparable sales
$164,000
7231 E Troy Avenue
2bd · 1ba · 952 sqft
Sold May 2026
$259,000
4135 Kerry Drive
3bd · 2ba · 1,424 sqft
Sold May 2026
$218,000
8060 Chesterhill Way
3bd · 2ba · 1,390 sqft
Sold Apr 2026
$305,000
8742 Ballard Lane
3bd · 2ba · 1,449 sqft
Sold Apr 2026
$245,000
8104 E Edgewood Avenue
3bd · 2ba · 1,400 sqft
Sold Apr 2026
Comparative value
5 comps in this range
This home is 2.0% below median for similar nearby sales.
Want to know anything specific? Ask about updates, finishes, the basement, the yard — I read the listing's photos, MLS data, and remarks and cite what I find.
FEATURES & AMENITIES
Interior
Climate
THE FACTS
Pricing trajectory, room-by-room layout, schools, and what's nearby.
Price history
$260,000Listed· Sep 26, 2025
$240,000Reduced
↓ $20,000 (7.7% off original)
77 days on market
Layout
Schools
Franklin Township Com Sch Corp
Neighborhood
- Downtown Indianapolis9.2 mi
- IU Health North Hospital19.0 mi
- Fishers High School19.0 mi
- Conner Prairie19.2 mi
- Monon Trail (Carmel)19.3 mi
- Carmel High School19.9 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
1,187 sq ft
Year Built
1959
Stories
One
Subdivision
No Subdivision
Bedrooms
3
Bathrooms
2 full
Garage
2 spaces
School District
Franklin Township Com Sch Corp