Indianapolis Real Estate Index

Contact Red Door Real Estate

If you have any questions or need more detailed information, please feel free to contact me via phone at 317-RED-DOOR / 317-733-3667 or fill out the form to let us know how we can help with your real estate needs.

Phone: (317) 733-3667
Fax: (317) 663-0840

Refine your search...
Use the form below to narrow down your results
Hi There! Is this Your First Time?

Did you know if you Register you have access to free search tools including the ability to save listings and property searches? Did you know that you can bypass the search altogether and have listings sent directly to your email address? Check out our how-to page for more info.

Back to Results
$425,000 -

3041 S Kercheval Drive Indianapolis IN 46239

-
Bedrooms
-
Baths
N/A
SQ. Feet
(Above Ground)
0.41
Acres

RARE opportunity to acquire an adaptable, income-oriented property in desirable Franklin Township, offering multiple private living spaces and strong house hacking potential on nearly half an acre. Originally built as a ranch-style home and has since been extensively expanded and improved, now totaling approx. 3,325sqft configured for flexible occupancy and income generation. The main residence (approx. 1,624 sqft) features 4 bedrooms and 2 full bathrooms, including a renovated kitchen with granite countertops, updated cabinetry, and stainless-steel appliances. A private primary suite offers an en-suite bath and walk-in closet, while recent updates, roof, flooring, windows, and mechanicals, support reduced near-term capital expenditures. The secondary living space (approx. 1,701 sqft) is designed with independent functionality, featuring a full kitchen, loft, dedicated laundry, and separate entrance. Its layout supports strong rental appeal or extended-stay occupancy, making it well-suited for owner-occupants seeking to offset expenses or investors targeting dual-income streams. Updated units in the surrounding area have achieved rents of approximately $1,300+ per month (buyer to verify), with even more upside given the size, condition, and configuration of this property. Additional value is found in a detached finished flex structure with electrical service and climate control, ideal for workspace, storage, or supplemental use, as well as three total parcels that may provide future development or resale optionality (buyer to verify land use). The property is serviced by well water with reverse osmosis systems, multiple HVAC setups including newer, more efficient units, and updated infrastructure throughout. Exterior features include a large fenced yard, ample parking, and durable HardiePlank siding. Zoned D-5 offering flexible use. Whether you are an investor or owner-occupant looking to house hack, this property delivers impressive cash flow potential and upside!

Follow ►
  • Subscribe to Our Blog RSS
Read More...

Property Details

Price: $425,000 Previously: $425,000 Originally: $425,000 Bathrooms: 0.00 MLS #: 22090607 Year Built: 1954 Township: Franklin Type: Residential Income Zip Code: 46239 City: Indianapolis Subdivision: Suncrest County: Marion School District: Franklin Township Com Sch Corp Middle School: Franklin Central Junior High

Interior Features

Interior Features:
  • Cooling: Central Air, Zoned
  • Heating: Forced Air, Natural Gas

Exterior Features

Exterior Features:
  • Features: Storage Shed
  • Setting / Lot Description: City Lot, Mature Trees
  • # Acres: 0.41

Listing Office: Berkshire Hathaway Home

Similar Properties To: 3041 S Kercheval Drive, Indianapolis

$299,900

Osgoods 1st Central Ave Add
MLS® #:
22089596
Provider:
F.c. Tucker Company
3102 Central Avenue, Indianapolis
$364,900

Englewood
MLS® #:
22029979
Provider:
Scott Estates
3159 E Washington Street, Indianapolis
$394,900

Clifford Place
MLS® #:
22088027
Provider:
Exp Realty Llc
1102 N Hamilton Avenue, Indianapolis
$489,900

Johnson & Hogshire
MLS® #:
22082984
Provider:
Shouse Realty Group Llc
438 Jefferson Avenue, Indianapolis
$357,000

Pivot City
MLS® #:
22086891
Provider:
Keller Williams Indpls Metro N
3626 Birchwood Avenue, Indianapolis
$470,000

Ardmore
MLS® #:
22086283
Provider:
F.c. Tucker Company
3946 N College Avenue, Indianapolis
$399,000

Hillcrest
MLS® #:
22089411
Provider:
@properties
1905-1907 E Pleasant Run Parkway South Drive, Indianapolis
$475,000

Montrose
MLS® #:
22071854
Provider:
Canull Group Llc
4235 Evanston Avenue, Indianapolis

View all similar properties here

All information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing. All Information believed to be reliable but not guaranteed and should be independently verified. © 2026 MIBOR Broker Listing Cooperative®. All rights reserved.

Listing information last updated on March 25th, 2026 at 2:44pm EDT.

My Account

Log in, to view your saved searches and add to your favorite listings.

Sign Up Here For Your FREE Account

... So You Can:

  • View detailed property information
  • Print detailed property flyers
  • Save your searches & favorite homes
  • Inquire about a private showing
  • Map individual property locations
  • Share your favorite homes with friends
Interested In This Property?