Cheap homes for sale & real estate in 46237, IN

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ABOUT THIS HOME
Cheap Home for sale in 46237, IN:
Situated within the desirable Arlington Acres subdivision of Franklin Township, this residence presents an exceptional opportunity. Its location offers access to major thoroughfares, recreational amenities, and community conveniences, making it ideally suited for those who value both practicality and lifestyle. The home features an attached two-car garage, a spacious great room, and a welcoming family room- whose touches include a fireplace and built-in book shelves. A deck extends from the open kitchen, providing a transition to the expansive and fenced-in rear yard. With three bedrooms, 1.5 baths, and a little bit of TLC, this home represents a perfect opportunity for the next owner or in

$194,750

3 beds2 baths1,484 sq ft

5813 Somers Dr, Indianapolis, IN 46237

Great room • 7,500 sq ft lot • 2 garage spots

ABOUT THIS HOME
Cheap Home for sale in 46237, IN:
Welcome home!! This well-maintained single-family home in Franklin Township, Marion County, offers comfortable living at an exceptionally affordable price. Enjoy 2,353 square feet across both stories, plus a 2-car attached garage. Built in 2003, the property provides an excellent foundation for your new dream home. It features three large bedrooms, tons of closet storage, and two full bathrooms upstairs, along with a half bathroom on the main level. The extra-large second-floor loft expands your options for relaxation. The layout balances shared living and private retreats. Gather in the dining room, the great room with a centerpiece fireplace, or use the office/second front living room how

$295,000

3 beds2.5 baths2,353 sq ft

5557 Floating Leaf Dr, Indianapolis, IN 46237

Community playground • Walking paths • 7,431 sq ft lot

ABOUT THIS HOME
Cheap Home for sale in 46237, IN:
Move in ready, 2 year old roof, HVAC and water heater. New vinyl plank flooring in all bedrooms.

$235,000

3 beds2 baths1,410 sq ft

6354 Belfry Way, Indianapolis, IN 46237

2 year old roof • 7,081 sq ft lot • 2 garage spots

ABOUT THIS HOME
Cheap Home for sale in 46237, IN:
WELCOME TO 7640 GORDON WAY! Located in an established neighborhood in Franklin Township this 3 bed 2 bath home has over 1400 sq ft. Recently and thoughtfully updated to give this one a chance to shine again! Great setup with large open living space, dining area and brand new kitchen including a large island with quartz countertops! Kitchen includes new cabinetry, tiled backsplash, countertops and stainless appliances! All new interior and exterior paint, new trim and doors, light fixtures, hardware and new LVP and carpet. 2 full baths have both been updated with tiled showers, new fixtures, vanities and lighting. Primary Suite offers great space with a nice sized walk-in closet. Fenced in

$264,900

3 beds2 baths1,440 sq ft

7640 Gordon Way, Indianapolis, IN 46237

Quartz countertops • Brand new kitchen • Tiled backsplash

ABOUT THIS HOME
Cheap Home for sale in 46237, IN:
Beautifully updated 4-bedroom, 2-story gem in sought-after Franklin Township! This spacious home offers many recent upgrades, including newer roof and HVAC, water softener will stay. Newer flooring and fresh paint throughout in 2024 , creating a bright and welcoming atmosphere. Enjoy outdoor living on the large rear patio, perfect for entertaining, or unwind on the cozy covered front porch. Plus, you'll love the private basketball court-great for fun and fitness! Don't miss out on this move-in ready home, close to schools, parks, and all the conveniences Franklin Township has to offer!

$335,000

4 beds2.5 baths2,561 sq ft

6315 Jakes Pl, Indianapolis, IN 46237

Newer roof • Water softener • Large rear patio

Property at 5712 Grassy Bank Dr, Indianapolis, IN 46237, 3 beds, 2 baths

$275,000

3 beds2 baths1,770 sq ft

5712 Grassy Bank Dr, Indianapolis, IN 46237

Property at 3905 Shelbyville Rd, Indianapolis, IN 46237, 3 beds, 2 baths

$379,900

3 beds2 baths3,200 sq ft

3905 Shelbyville Rd, Indianapolis, IN 46237

Property at 8456 Southern Springs Blvd, Indianapolis, IN 46237, 3 beds, 2 baths

$267,990

3 beds2 baths1,400 sq ft

8456 Southern Springs Blvd, Indianapolis, IN 46237

Property at 6634 Frankenberger Dr, Indianapolis, IN 46237, 4 beds, 2.5 baths

$260,000

4 beds2.5 baths1,905 sq ft

6634 Frankenberger Dr, Indianapolis, IN 46237

Property at 4235 Foxglove Trce, Indianapolis, IN 46237, 2 beds, 2 baths

$155,000

2 beds2 baths1,202 sq ft

4235 Foxglove Trce, Indianapolis, IN 46237

Property at 5701 Blue Spruce Dr, Indianapolis, IN 46237, 2 beds, 2 baths

$149,900

2 beds2 baths1,134 sq ft

5701 Blue Spruce Dr, Indianapolis, IN 46237

Property at 5429 Armstrong Dr, Indianapolis, IN 46237, 4 beds, 2 baths

$229,900

4 beds2 baths1,788 sq ft

5429 Armstrong Dr, Indianapolis, IN 46237

Property at 4646 Crosby Buck Dr, Indianapolis, IN 46237, 5 beds, 3.5 baths

$437,000

5 beds3.5 baths3,301 sq ft

4646 Crosby Buck Dr, Indianapolis, IN 46237

Property at 5858 Bonneville Way, Indianapolis, IN 46237, 4 beds, 2.5 baths

$339,900

4 beds2.5 baths2,428 sq ft

5858 Bonneville Way, Indianapolis, IN 46237

Property at 5838 Beacon Cove Way, Indianapolis, IN 46237, 2 beds, 1.5 baths

$189,900

2 beds1.5 baths1,528 sq ft

5838 Beacon Cove Way, Indianapolis, IN 46237

Property at 5240 Chisolm Trl, Indianapolis, IN 46237, 4 beds, 1.5 baths

$229,900

4 beds1.5 baths1,190 sq ft

5240 Chisolm Trl, Indianapolis, IN 46237

Property at 3510 Chamberlin Dr, Indianapolis, IN 46237, 3 beds, 2 baths

$230,000

3 beds2 baths2,080 sq ft

3510 Chamberlin Dr, Indianapolis, IN 46237

Property at 5321 S Linwood Ave, Indianapolis, IN 46237, 3 beds, 2 baths

$240,000

3 beds2 baths1,440 sq ft

5321 S Linwood Ave, Indianapolis, IN 46237

Property at 5115 Triple Crown Way, Indianapolis, IN 46237, 3 beds, 2.5 baths

$349,900

3 beds2.5 baths2,655 sq ft

5115 Triple Crown Way, Indianapolis, IN 46237

Property at 6803 Smithfield Blvd, Indianapolis, IN 46237, 3 beds, 2.5 baths

$274,967

3 beds2.5 baths1,589 sq ft

6803 Smithfield Blvd, Indianapolis, IN 46237

Property at 8132 Lynn Dr, Indianapolis, IN 46237, 3 beds, 3.5 baths

$339,900

3 beds3.5 baths2,648 sq ft

8132 Lynn Dr, Indianapolis, IN 46237

Property at 5237 Chisolm Trl, Indianapolis, IN 46237, 3 beds, 1 bath

$195,000

3 beds1 bath1,172 sq ft

5237 Chisolm Trl, Indianapolis, IN 46237

Property at 1901 Martin St, Indianapolis, IN 46237, 3 beds, 1 bath

$175,000

3 beds1 bath975 sq ft

1901 Martin St, Indianapolis, IN 46237

Property at 3062 S Temple Ave, Indianapolis, IN 46237, 3 beds, 2 baths

$250,000

3 beds2 baths1,158 sq ft

3062 S Temple Ave, Indianapolis, IN 46237

Property at 5103 Rolling Meadow Blvd, Indianapolis, IN 46237, 3 beds, 2.5 baths

$349,990

3 beds2.5 baths2,293 sq ft

5103 Rolling Meadow Blvd, Indianapolis, IN 46237

Property at 6519 Jade Stream Ct #104, Indianapolis, IN 46237, 2 beds, 2 baths

$155,000

2 beds2 baths1,124 sq ft

6519 Jade Stream Ct #104, Indianapolis, IN 46237

Property at 5732 Lifestyle Dr, Indianapolis, IN 46237, 3 beds, 2 baths

$340,000

3 beds2 baths1,866 sq ft

5732 Lifestyle Dr, Indianapolis, IN 46237

Property at 6028 Medina Spirit Dr, Indianapolis, IN 46237, 3 beds, 2.5 baths

$360,000

3 beds2.5 baths2,169 sq ft

6028 Medina Spirit Dr, Indianapolis, IN 46237

Property at 6425 Bonneville Dr, Indianapolis, IN 46237, 4 beds, 2.5 baths

$420,000

4 beds2.5 baths3,320 sq ft

6425 Bonneville Dr, Indianapolis, IN 46237

Property at 3731 Owster Ln, Indianapolis, IN 46237, 3 beds, 2 baths

$257,000

3 beds2 baths1,482 sq ft

3731 Owster Ln, Indianapolis, IN 46237

Property at 6557 Jarvis Dr, Indianapolis, IN 46237, 3 beds, 2.5 baths

$280,000

3 beds2.5 baths1,612 sq ft

6557 Jarvis Dr, Indianapolis, IN 46237

Property at 3821 Gray Pond Ct, Indianapolis, IN 46237, 2 beds, 2 baths

$229,900

2 beds2 baths1,180 sq ft

3821 Gray Pond Ct, Indianapolis, IN 46237

Property at 6633 Muirfield Way, Indianapolis, IN 46237, 4 beds, 2.5 baths

$268,400

4 beds2.5 baths1,662 sq ft

6633 Muirfield Way, Indianapolis, IN 46237

Property at 5206 Triple Crown Way, Indianapolis, IN 46237, 3 beds, 2.5 baths

$359,000

3 beds2.5 baths2,232 sq ft

5206 Triple Crown Way, Indianapolis, IN 46237

Property at 6040 Buck Trail Rd, Indianapolis, IN 46237, 3 beds, 2 baths

$297,000

3 beds2 baths1,561 sq ft

6040 Buck Trail Rd, Indianapolis, IN 46237

Property at 3319 S Tacoma Ave, Indianapolis, IN 46237, 3 beds, 2 baths

$160,000

3 beds2 baths1,488 sq ft

3319 S Tacoma Ave, Indianapolis, IN 46237

Property at 8354 Fieldfare Way, Indianapolis, IN 46237, 4 beds, 2.5 baths

$304,900

4 beds2.5 baths2,384 sq ft

8354 Fieldfare Way, Indianapolis, IN 46237

Property at 7383 Poppyseed Dr, Indianapolis, IN 46237, 4 beds, 2.5 baths

$299,900

4 beds2.5 baths1,910 sq ft

7383 Poppyseed Dr, Indianapolis, IN 46237

Property at 6146 Franklin Villas Way, Indianapolis, IN 46237, 2 beds, 3 baths

$270,000

2 beds3 baths2,441 sq ft

6146 Franklin Villas Way, Indianapolis, IN 46237

Property at 5223 Bahia Dr, Indianapolis, IN 46237, 3 beds, 1.5 baths

$205,000

3 beds1.5 baths1,112 sq ft

5223 Bahia Dr, Indianapolis, IN 46237

Property at 8155 River Mist Ln, Indianapolis, IN 46237, 2 beds, 2.5 baths

$179,000

2 beds2.5 baths1,216 sq ft

8155 River Mist Ln, Indianapolis, IN 46237

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Based on information submitted to the MLS GRID as of Thu Nov 27 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Cheap Homes for Sale in 46237

There are currently 145 cheap homes for sale in 46237 at a median listing price of $280K. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in 46237 stay on the market for 48 days and receive 1 offers. This map is refreshed with the newest listings in 46237 every 15 minutes.

In the past month, 54 homes have been sold in 46237. In addition to houses in 46237, there were also 36 condos, 1 townhouse, and 1 multi-family unit for sale in 46237 last month. 46237 is a not walkable zip code in Marion County with a Walk Score of 17. 46237 is home to approximately 39,011 people and 11,619 jobs. Find your dream home in 46237 using the tools above. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. Our top-rated real estate agents in 46237 are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in 46237. If you're looking to sell your home in the 46237 area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in 46237 with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

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