Franklin Homes under $300,000

Franklin Homes under $300,000

Welcome to Franklin, Indiana—a charming city that beautifully blends small-town warmth with modern conveniences. Nestled just south of Indianapolis, Franklin boasts a rich history, vibrant community spirit, and a variety of recreational activities that make it an ideal place to call home.

Franklin is renowned for its picturesque landscapes, featuring lush parks, scenic trails, and a quaint downtown area filled with unique shops and delightful eateries. The city is home to several annual events that foster community engagement, including art festivals, farmers' markets, and holiday celebrations. Families will appreciate the excellent school system and the friendly atmosphere that Franklin offers, making it a great place for children to grow and thrive.

For those seeking affordable housing options, Franklin is a hidden gem. With a variety of homes available for under $300,000, potential buyers can find charming residences that fit their budget without sacrificing comfort or style. From cozy bungalows to spacious family homes, Franklin's real estate market caters to diverse tastes and needs. Many of these homes feature modern amenities, beautiful yards, and proximity to schools and parks, ensuring a convenient lifestyle.

Whether you're a first-time homebuyer, a growing family, or looking to downsize, Franklin offers a welcoming community and a range of housing options that make it easy to find your perfect home. Discover the charm and affordability of Franklin, Indiana, and let this delightful city become the backdrop for your next chapter!

Newest Franklin Homes under $300,000

4607 Marshall Drive, Indianapolis
$225,000
2 Beds ⋅ 2 Baths
Come take a look at this wonderfully maintained property in Crystal Lakes. Built in 2002, this 1119 square foot home offers a perfect blend of modern comfort and effortless living, designed for those who appreciate a thoughtfully laid out open plan space. This inviting single-story home features two comfortable bedrooms with en-suite in the primary bedroom and walk in closets, providing ample personal space. The two full bathrooms are well-appointed. Laundry room with garage access. Fully fenced in backyard perfect for pets and children with covered concrete porch. Welcoming neighborhood environment for both relaxation and everyday life. We invite you to experience the charm and functionality of this exceptional property. The roof is 2 years old. Wednesday is trash day. Utilities are electric AES, gas/water/sewer Citizens energy, cable Xfinity.

4607 Marshall Drive, Indianapolis

Listing courtesy of Tomorrow Realty, Inc..

5228 Waterton Lakes Drive, Indianapolis
$280,000
4 Beds ⋅ 3 Baths
Welcome home to this beautifully updated 4-bedroom home located in Franklin Township School District in Indianapolis, Indiana, offering the perfect combination of space, modern updates, and move-in-ready convenience - all at $280,000. Step inside to a bright, welcoming interior featuring all-new flooring, fresh paint, and updated fixtures throughout. The spacious floor plan provides plenty of room for everyday living, entertaining, a home office, or additional flex space. With four bedrooms, this home offers the versatility today's buyers are looking for. Outside, you'll love the fully fenced backyard, providing plenty of room for pets, play, gardening, or outdoor entertaining. Enjoy evenings on the back patio, host summer cookouts, or simply relax in your own private outdoor space. Located in the desirable Franklin Township area of Indianapolis, this turnkey home offers convenient access to shopping, dining, schools, parks, and major commuter routes.

5228 Waterton Lakes Drive, Indianapolis

Listing courtesy of Ever Real Estate, LLC.

5525 Floating Leaf Drive, Indianapolis
$269,900
3 Beds ⋅ 2 Baths
At 5525 Floating Leaf DR in INDIANAPOLIS, IN, discover a single-family residence constructed in 2004, offering 2034 square feet of thoughtfully designed living space. This property presents an opportunity for comfortable living with a focus on practical elegance. Across two stories, this home provides a functional layout. The residence features three bedrooms, offering versatile spaces for rest and personalization. Accompanying these are one full bathroom and one half bathroom, providing convenience for residents and guests alike. Close to schools and shopping centers. **** New Floors, New Carpet, New Kitchen appliances****

5525 Floating Leaf Drive, Indianapolis

Listing courtesy of Nagra Realty Inc.

5220 Mesa Verde Drive, Indianapolis
$249,900
3 Beds ⋅ 2 Baths
Welcome to this 1-story home in Thompson Park offering 3 bedrooms, 2 full bathrooms, and 1,340 square feet of living space. The functional floor plan provides comfortable living areas with plenty of potential to personalize and make your own. An attached 2-car garage offers convenient parking and additional storage, while the spacious backyard provides room to enjoy the outdoors. Schedule your showing today! One or more photos may have been virtually staged.

5220 Mesa Verde Drive, Indianapolis

Listing courtesy of Mainstay Brokerage LLC.

130 Brookside Court, Franklin
$250,000
3 Beds ⋅ 2 Baths
This spacious 3-bedroom, 2-bath brick ranch offers comfortable one-level living with plenty of space both inside and out. The home features a generous living room, a large family room with vaulted ceilings and decorative wood beams, and a well-appointed kitchen with abundant cabinetry and counter space. A dedicated laundry area adds convenience. One of the standout features is the expansive screened-in porch overlooking the beautiful backyard. The large fenced yard offers mature trees, established landscaping, garden space, and plenty of room for outdoor activities, pets, and entertaining. A patio just off the screened porch provides additional outdoor living space. Two detached storage sheds. The attached two-car garage provides additional convenience and storage. With its all-brick exterior, spacious living areas, large fenced yard, impressive screened-in porch, two storage sheds, and desirable Franklin location, this home offers a wonderful opportunity to make it your own. Schedule your showing today!

130 Brookside Court, Franklin

Listing courtesy of Keller Williams Indy Metro Partners.

1615 Younce Street, Franklin
$275,000
3 Beds ⋅ 1 Baths
Spacious Corner-Lot Home with Excellent Garage & Storage! This 3-bedroom, 1-full-bath home offers 1,225 sq. ft. of comfortable living space plus two additional rooms. One room is ideal for an office, playroom, or hobby space, while the other could potentially serve as an additional bedroom, providing flexible living options. Situated on a corner lot and not in a flood zone, this home offers plenty of space and functionality. The impressive 24' x 30' garage features a gas furnace and provides approximately 2.5-car capacity, while the additional carport offers even more parking. A 12' x 24' mini barn with electricity provides excellent storage or workshop space. Additional features include a vinyl exterior, gas heat, electric stove, reverse osmosis drinking water system, and a gas tankless water heater and water softener, both approximately 5 years old. The roof is approximately 1.5 years old. With abundant parking, storage, and flexible living space, this property is ready to welcome its next owner!

1615 Younce Street, Franklin

Listing courtesy of Keller Williams Indy Metro Partners.

8145 Whistlewood Court, Indianapolis
$150,000
3 Beds ⋅ 2 Baths
Renovation opportunity at an attractive price! This 3-bedroom, 2-full-bath ranch offers approximately 1,323 SqFt, an attached 2-car garage and a fenced backyard. The single-level layout includes a dining area with access to the backyard patio. The home needs repairs and updating throughout, with the asking price reflecting its current condition. Nearby comparable sales and rental listings suggest potential resale value in the low-to-mid $200s and potential monthly rent in the high $1,000s after remodeling, depending on the improvements and market conditions. An opportunity for a renovation project, a potential rental investment or a buyer looking to update a home and build immediate equity.

8145 Whistlewood Court, Indianapolis

Listing courtesy of Trueblood Real Estate.

5907 Timber Lake Boulevard, Indianapolis
$275,000
3 Beds ⋅ 2 Baths
Beautifully remodeled and move-in ready, this tri-level home at 5907 Timber Lake Boulevard sits on a 0.3-acre lot overlooking the pond! The all-new kitchen features soft-close cabinets, quartz countertops, new appliances, and a custom backsplash. New luxury vinyl plank flooring runs throughout the entire home, complemented by fresh interior paint, new trim and interior doors, and new recessed lighting. A completely renovated full bathroom and a newer lower-level bathroom add to the extensive updates. Outside, a new front entry door, updated exterior lighting, and a remodeled covered porch create a welcoming first impression, while the spacious lot offers room to relax and enjoy the pond views. The HVAC system was replaced in 2021, and windows were replaced around the same time. With the interior remodeling already complete, this turnkey home is ready for you to move in and enjoy!

5907 Timber Lake Boulevard, Indianapolis

Listing courtesy of Key Realty Indiana.

5771 Quail Crossing Drive, Indianapolis
$242,500
3 Beds ⋅ 2 Baths
Open House on Sunday, October 11, 2026 from 2:00-4:00pm. Welcome home to 5771 Quail Crossing Drive. This cozy 3 bedroom, 2 bath home has over 1500 square feet and a perfect sun room to enjoy your morning coffee, evening sunset or a quiet place to read your favorite book. Your new home has a great OPEN floorplan, SOARING ceilings with skylights that allow loads of natural light, freshly painted ceilings and walls, as well as updated LVP flooring throughout. The primary bedroom is the perfect size with an ensuite bathroom that offers a double vanity and large walk in closet. Enjoy this open floor plan that allows you to cook in the ample sized kitchen while entertaining and chatting with family and friends in the dining area and living room. Speaking of family and friends there is plenty of off street parking in the large driveway that leads to your spacious two car garage. Hurry because this beautiful condo won't last long!

5771 Quail Crossing Drive, Indianapolis

Listing courtesy of CENTURY 21 Scheetz.

7902 Alexander Street, Indianapolis
$265,000
3 Beds ⋅ 2 Baths
Looking for a home that's move-in ready and easy to make your own? This 3-bedroom, 2-bath home offers a great opportunity for a first-time buyer or anyone looking for a comfortable home with modern updates and plenty of character. Inside, you'll find a practical layout with spacious living areas, three bedrooms, and two full bathrooms. The updated kitchen features stainless steel appliances and stone countertops, making it a great space for both everyday meals and entertaining. One of the bedrooms includes its own private ensuite bathroom, adding extra convenience. The home also offers a welcoming front porch and a nice mix of historic charm and more recent improvements. With its functional layout, updated features, and approachable feel, this could be a great place to start your homeownership journey.

7902 Alexander Street, Indianapolis

Listing courtesy of CENTURY 21 Scheetz.

5944 S Karen Drive, Indianapolis
$235,500
3 Beds ⋅ 2 Baths
INVESTOR & HOME FLIPPER OPPORTUNITY! Beautiful .72-Acre Property with Tri-Level Home - Sold AS-IS Bring your vision and unlock the potential of this unique property! Situated on a beautiful .72-acre lot, this tri-level home offers an exciting opportunity for investors, experienced renovators, and home flippers looking for their next project. The home needs substantial work and is being offered strictly AS-IS, but the generous lot and existing structure provide plenty of possibilities for the right buyer. Property Highlights: * Approximately .72 acres * Tri-level home with renovation potential * Large lot offering privacy and flexibility * Ideal opportunity for investors and experienced rehabbers * Sold AS-IS * Bring your contractor, vision, and imagination! Whether you're looking to completely renovate the existing home, create a long-term investment, or explore the property's potential, this is an opportunity worth taking a closer look at. Investors, flippers, and rehabbers-this one is for you!

5944 S Karen Drive, Indianapolis

Listing courtesy of CENTURY 21 Scheetz.

101 Robinson Street, Franklin
$240,000
2 Beds ⋅ 1 Baths
Welcome home to this charming mid-century gem, in the heart of Franklin! The picture-perfect front porch sets the tone right away. It's an inviting spot for relaxing evenings, welcoming guests, and even receiving packages. Inside, you'll find a beautifully maintained home with fresh paint throughout, newer vinyl plank flooring in most rooms, and brand new carpet in the hall and primary bedroom. The living room opens into the dining room, and beyond that is the kitchen, which also gives access to the basement. At the back, a charming sitting room offers extra living space, plenty of windows, and easy access to both the primary bedroom and the backyard patio, perfect for everyday living or entertaining. The kitchen comes fully equipped with all appliances included, among them a large stainless steel French door refrigerator, and a stylish tile backsplash adds a custom touch. The bathroom has been beautifully remodeled by the current owner. The bedrooms are generously sized and offer comfortable, private space. The full basement houses the mechanicals and the washer and dryer, and offers excellent storage and peace of mind when storms roll in. Outside, the large garage includes a dedicated workshop area, ideal for hobbies or extra storage, and alley access makes coming and going easy. Necessary tree work has been completed, and a brand new privacy fence has been installed, so the big back yard is ready to enjoy. Exceptionally well cared for and truly move-in ready, this solid home combines character, thoughtful updates, and a great location at a very affordable price.

101 Robinson Street, Franklin

Listing courtesy of RE/MAX Allstars.

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