Google street view image for 4228 S Franklin Rd, Indianapolis, IN 46239

Off market

$212,446

•

— ba

•

1,190

sq ft

4228 S Franklin Rd, Indianapolis, IN 46239

About this home

4228 S Franklin Rd is a 1,190 square foot house on a 0.34 acre lot with 2 bedrooms. Based on Redfin's Indianapolis data, we estimate the home's value is $212,446.

Single-familyProperty Type

1954Year Built

0.34 acresLot Size

$179Est. Price/Sq.Ft.

Source:Public Records

Redfin Estimate

$212,446

$2,000 since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 10.2% lower than the average sale price ($237K) of 6 comparable homes.

SOLD JUN 9, 2026
$195,000
A
3 beds2 baths1,505 sq ft
4247 S Eaton Ave, Indianapolis, IN 46239
SOLD JUL 24, 2026
$262,000
B
3 beds2 baths1,224 sq ft
4103 Sungate Ct, Indianapolis, IN 46239
SOLD JUN 23, 2026
$269,000
C
3 beds1.5 baths1,590 sq ft
4254 Wanamaker Dr, Indianapolis, IN 46239
SOLD JUL 10, 2026
$200,000
D
3 beds2 baths1,280 sq ft
4015 Sungate Ct, Indianapolis, IN 46239
SOLD JUL 24, 2026
$234,000
E
3 beds1.5 baths1,365 sq ft
4625 Northeastern Ave, Indianapolis, IN 46239
SOLD MAY 1, 2026
$259,000
F
3 beds2 baths1,424 sq ft
4135 Kerry Dr, Indianapolis, IN 46239

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Earn from this home

Sell

$198,167

Est. take-home

List your home with Redfin and save $2,124

Market trends in 46239, IN

Last updated September 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

98.6%

0.1% MoM

Median sale price

$310K

$134 MoM

Avg. days on market

45d

6 days MoM

Recently sold homes

212

14 MoM

New listings for sale

NEW 28 HRS AGO
$325,000
3 beds2.5 baths4,536 sq ft
8030 Cole Wood Blvd, Indianapolis, IN 46239
3D WALKTHROUGH
$165,000
2 beds1 bath850 sq ft
916 S Huber St, Indianapolis, IN 46239
$300,000
4 beds2.5 baths2,264 sq ft
2040 St Clifford Dr, Indianapolis, IN 46239
$150,000
3 beds2 baths1,323 sq ft
8145 Whistlewood Ct, Indianapolis, IN 46239
$240,000
4 beds2.5 baths2,088 sq ft
2344 Layton Park Dr, Indianapolis, IN 46239
$292,500
3 beds2.5 baths2,770 sq ft
9625 Treyburn Lakes Dr, Indianapolis, IN 46239
$235,500
3 beds2 baths2,876 sq ft
5944 S Karen Dr, Indianapolis, IN 46239
3D WALKTHROUGH
$275,000
4 beds2.5 baths2,905 sq ft
7807 Fox Glen Dr, Indianapolis, IN 46239
$350,000
3 beds2.5 baths3,527 sq ft
7803 Housefinch Ln, Indianapolis, IN 46239
$280,000
4 beds2.5 baths2,041 sq ft
9737 Piper Lake Dr, Indianapolis, IN 46239
See all

Provided by Redfin

Sale history for 4228 S Franklin Rd

As the MLS and public records start to fill up, we'll list the details here.

Year

Property tax

Land + Additions

Assessment*

2025

$1,849 (−9.6%)

$21,000 + $165,500

$186,500

2024

$2,046 (+7.1%)

$21,000 + $167,000

$188,000

2023

$1,911 (+1.0%)

$21,000 + $167,000

$188,000

2022

$1,892 (+26.2%)

$21,000 + $152,400

$173,400

2021

$1,500 (+8.8%)

$21,000 + $111,700

$132,700

2020

$1,378 (+7.6%)

$21,000 + $111,700

$132,700

2019

$1,280 (+3.5%)

$21,000 + $99,900

$120,900

2018

$1,237 (+6.5%)

$18,800 + $92,300

$111,100

2017

$1,162 (−1.2%)

$18,800 + $82,100

$100,900

2016

$1,176 (+29.5%)

$18,800 + $82,100

$100,900

2015

$908 (−14.9%)

$18,800 + $83,000

$101,800

2014

$1,067 (+9.7%)

$18,800 + $76,600

$95,400

2013

$973

$18,800 + $85,600

$104,400

Tax history for 4228 S Franklin Rd

Year

Property tax

Land + Additions

Assessment*

2025

$1,849 (−9.6%)

$21,000 + $165,500

$186,500

2024

$2,046 (+7.1%)

$21,000 + $167,000

$188,000

2023

$1,911 (+1.0%)

$21,000 + $167,000

$188,000

2022

$1,892 (+26.2%)

$21,000 + $152,400

$173,400

2021

$1,500 (+8.8%)

$21,000 + $111,700

$132,700

2020

$1,378 (+7.6%)

$21,000 + $111,700

$132,700

2019

$1,280 (+3.5%)

$21,000 + $99,900

$120,900

2018

$1,237 (+6.5%)

$18,800 + $92,300

$111,100

2017

$1,162 (−1.2%)

$18,800 + $82,100

$100,900

2016

$1,176 (+29.5%)

$18,800 + $82,100

$100,900

2015

$908 (−14.9%)

$18,800 + $83,000

$101,800

2014

$1,067 (+9.7%)

$18,800 + $76,600

$95,400

2013

$973

$18,800 + $85,600

$104,400

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Zoning and permits

Zoning
Permits

METRO

Dwelling District Two

The D-2 District is intended for use in suburban areas. Ample yards, trees and passive open spaces easily serving each individual lot are envisioned for this District. The D-2 District has a typical density of 1.9 units per gross acre. Two-family dwellings are permitted on corner lots in this District. This District fulfills the lowest density recommendation of the Comprehensive General Land Use Plan. Public water and sewer facilities must be present. Development plans, which may include the use of clustering, should incorporate and promote environmental and aesthetic considerations, working within the constraints and advantages presented by existing site conditions, including vegetation, topography, drainage and wildlife.

Zone overlays

Metro Context Area

Permitted uses

Include but are not limited to:

Housing-Group
Housing-Single unit
Housing-Multiple units
Communications tower
Park & open space

Mar 4, 2026 • Active

Right of way permit-excavation

Perform boring operations in paved and non-paved areas at the southeast and northeast corners of a road.

Grading

Jun 18, 2025 • Active

Right of way permit-excavation

Renew the gas service. Work includes necessary excavation and a partial traffic lane closure.

Gas

Grading

Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.

Property details

Interior

Basement Information
Basement Sq. Ft: 950
Basement Type: Partial

Bathroom Information
# of Bathroom Fixtures: 7

Heating & Cooling
Air Conditioning Type: Central
Heating Type: Warm Air

Fireplace Information
Fireplace Type: Masonry
Has Fireplace

Room Information
# of Rooms: 6

Exterior

Exterior Information
Physical Condition: Average
Construction Type: Stone/Rock
Building Type: Single Family

Pool Information
Pool Type: Above Ground
Has Pool

Property Information
Subdivision Name: WANAMAKER VILLAGE SEC 1
Living Sq. Ft: 1,190
Adjusted Gross Sq. Ft: 2,140
Ground Floor Sq. Ft: 1,190
Building Sq. Ft: 2,620
# of Stories: 1
Legal Description: WANAMAKER VILLAGE SEC 1 L 6

Parking & Garage Information
# of Parking Spaces: 1
Parking Type: Attached Garage
Garage/Parking Sq. Ft: 480
Garage / Carport Type: Attached

Lot Information
# of Buildings: 1
Land Sq. Ft: 15,002
Legal Lot Number: 6
Municipality Name: FRANKLIN, OUTSIDE
Acres: 0.3444
County Use Description: ONE FAMILY DWLG ON PLAT LOT

Financial

Assessor Information
Assessment Year: 2025

Public facts

Beds: 2
Baths: —
Sq. Ft.: 1,190
Stories: 1.0
Lot Size: 0.34 acres
Style: Single Family Residential
Year Built: 1954
Year Renovated: 1954
County: Marion County
APN: 490931109030000300

Home facts updated by county records on Jul 29, 2026

Around this home

Schools

Thompson Crossing Elementary School

Public K-3 • Assigned • 1.2mi

5/10

Franklin Central Junior High

Public 7-8 • Assigned • 2.8mi

5/10

Franklin Central High School

Public 9-12 • Assigned • 2.0mi

7/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 102° expected this year, 19 days in 30 years

2/10 Wind Factor

1% chance of strong winds in next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 2 days in 30 years

Provided by First Street

Historical weather

Indianapolis, IN • 46239

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.7 hours in June and 3.3 hours in December, placing it below the U.S. average for solar exposure.

9.7 hrs

3.3 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$202,000 – $245,000

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Nearby similar homes

NEW 28 HRS AGO

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NEW CONSTRUCTION3D WALKTHROUGH

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New listings for sale in 46239

NEW 28 HRS AGO

$325,000

3 beds2.5 baths4,536 sq ft

8030 Cole Wood Blvd, Indianapolis, IN 46239

3D WALKTHROUGH

$165,000

2 beds1 bath850 sq ft

916 S Huber St, Indianapolis, IN 46239

$300,000

4 beds2.5 baths2,264 sq ft

2040 St Clifford Dr, Indianapolis, IN 46239

$150,000

3 beds2 baths1,323 sq ft

8145 Whistlewood Ct, Indianapolis, IN 46239

$240,000

4 beds2.5 baths2,088 sq ft

2344 Layton Park Dr, Indianapolis, IN 46239

$292,500

3 beds2.5 baths2,770 sq ft

9625 Treyburn Lakes Dr, Indianapolis, IN 46239

$235,500

3 beds2 baths2,876 sq ft

5944 S Karen Dr, Indianapolis, IN 46239

3D WALKTHROUGH

$275,000

4 beds2.5 baths2,905 sq ft

7807 Fox Glen Dr, Indianapolis, IN 46239

$350,000

3 beds2.5 baths3,527 sq ft

7803 Housefinch Ln, Indianapolis, IN 46239

Home values near 4228 S Franklin Rd

Data from public records.

Address	Redfin Estimate
4302 South Franklin Rd, Indianapolis, IN 3 Beds \| 2 Baths \| 2440 Sq. Ft.	$277,601
4240 South Franklin Rd, Indianapolis, IN 3 Beds \| - Baths \| 1659 Sq. Ft.	$242,811

Address	Redfin Estimate
4234 South Franklin Rd, Indianapolis, IN 3 Beds \| 1.5 Baths \| 2484 Sq. Ft.	$258,172
4210 South Franklin Rd, Indianapolis, IN 3 Beds \| 1 Baths \| 2710 Sq. Ft.	$321,989

Address	Redfin Estimate
4220 South Franklin Rd, Indianapolis, IN 3 Beds \| 2.5 Baths \| 3226 Sq. Ft.	$292,622
4316 South Franklin Rd, Indianapolis, IN 4 Beds \| - Baths \| 1968 Sq. Ft.	$265,947

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