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409 Franklin Street Delphi, IN $ 254,500
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409 Franklin Street
$ 254,500
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409 Franklin Street

Delphi, IN, 46923
$ 254,500
Bedrooms6 Baths3.0 Sq 1,932

Monthly Estimate*

$ 1,567

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Multi-Family Home for sale in Delphi, IN

for $254,500 with 6 bedrooms and 3 full baths. This 1,932 square foot home was built in 1959.

Investor Opportunity! Fully leased triplex located within walking distance of downtown Delphi. Property includes three income-producing units, all with leases in place into 2027. Tenants pay their own electric. Unit 409: Currently used as a daycare. This unit could easily be converted to a 3-bedroom apartment. Unit 413: 1-bedroom apartment. Unit 407: 2-bedroom apartment. Parking & Storage include 1 garage currently used for storage for day care center, 1 attached carport (1 parking space); 1 detached carport (3 parking spaces); 1 additional parking space on an open cement slab. With a solid rental history and flexible future use, this makes this a strong addition to any investment portfolio.

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Multi-Family Active

Price

$ 254,500

Bedrooms

6

Full Bath

3

Property Type

Multi-Family

Taxes

$ 4,846

Style

Traditional

Year Built

1959

Town/City

Delphi

County/Region

Carroll

MLS | Web ID

202609260
Features
General
Heating Electricity Forced Air
Cooling Central Air
Sewer City
Status Active Active
Full Baths 3
Half Baths 0
Bathrooms 3
Year Built 1959
Parking Gravel Off Street Other Street
New Construction No
Tenant Pays Cable Electric
Subdivision None
Style Two Story
Stories Count 2
Township Deer Creek
Class INVESTMENT
Type Triplex
Age 67
Net Income 22434.04
Rent Income 31200
Features Off Street Parking Cable Ready Countertops-Laminate Detector-Smoke Landscaped Water Heater Electric
REO No
Status Detail 0
Area Carroll County
Location City/Town/Suburb
High School Delphi
City Delphi
School District Delphi Community School Corp.
Architectural Style Traditional
Total Sq Ft 2668
Elementary School Delphi Community
Middle School Delphi Community
Legal Description 017-11068-00 Bowens 1st Add Lot 2
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202609260
Agent First Name Judith
Agent Last Name Wilson
DOM 0
Tax Year 2025 to 2026
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Interior
Basement Crawl Partial Basement
Flooring Vinyl Tile
Beds 6
Total Number of Units 3
Microwaves 0
Refrigerators 3
Washers 1
Dryer(s) 1
Dishwasher(s) 1
Disposal(s) 0
Above Grade Bedrooms 3
Below Grade Baths 0
Below Grade Bedrooms 3
Total Rooms Below Grade 0
Ranges/Ovens 3
W/D Hookups 2
Basement Material Block Stone
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Exterior
Exterior Vinyl
Driveway Gravel
Pool No
Number of Parking Spaces 5
Lot Size Area 7187
Lot Dimensions 60x120
Lot Description Level
Outbuilding None
Water Features None
Waterfront Y/N No
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* Excluded Features
List By
Judith Wilson

Listing Agent

Joan Abbott Real Estate

Broker

jwilsonangel@gmail.com

Email

Affordability Calculator

$1,971
Per Month
80%
20%
0%
Monthly Principal & Interest
$1,567
Monthly Property Taxes
$404
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1235911 Elementary School
1236388 Middle School
Delphi High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/20/2026$254,500 Listed Price

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409 Franklin Street, Delphi, IN, 46923 is a Multi-Family Home for sale at $254,500 with 1,932 sqft. 409 Franklin Street has 6 bedrooms, 3.0 baths, and was built in 1959. The property's zip code is 46923 which is in Delphi, IN

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