3041 S Kercheval Drive

Indianapolis, IN 46239

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!

Listing courtesy of Berkshire Hathaway Home (317) 503-6688



Listings courtesy of Metropolitan Indianapolis Board of REALTORS® as distributed by MLS GRID. 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 is believed to be reliable but is not guaranteed and should be independently verified.

Based on information submitted to the MLS GRID as of 2026-03-23 11:57 AM UTC. 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.

Copyright © 2026 Metropolitan Indianapolis Board of REALTORS®. All rights reserved.