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298 N Water Street Franklin, IN $ 335,000
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298 N Water Street
$ 335,000
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298 N Water Street

Franklin, IN, 46131
$ 335,000
Baths0.0

Monthly Estimate*

$ 2,063

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Studio

Multi-Family Home for sale in Franklin, IN

for $335,000. This home was built in 1870 on a lot size of 0.15.

Investors! Check out this 4-unit multifamily property at 298 N. Water St Franklin IN. All units are currently leased, providing immediate income and stable cash flow. Each unit is a 1 bedroom with 1 full bath. This property benefits from strong demand for affordable, well located housing in the increasingly popular downtown Franklin IN market. Seller prefers to sell with the 4-plex located at 147 E. King St ( 22108989 ) just around the corner.

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Multi-Family Active

Price

$ 335,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 6,082

Style

Traditional

Lot Size

0.15

Year Built

1870

Town/City

Franklin

County/Region

Johnson

MLS | Web ID

22109011
Features
General
Heating Forced Air
Cooling Wall Unit(s)
Possession Closing
Roof Asphalt
Zoning RTN
Architectural Style Traditional
Security Features Smoke Detector(s)
Construction Materials Vinyl Siding
Year Built 1870
Township Franklin
Levels Two
Property Subtype Quadruplex
Tax Year 2025
Current Use Apt<20
County Johnson
Net Operating Income 24484
New Construction N
Property Type Residential Income
Subdivision Name George Kings Franklin Twp
Facing Direction East
Possible Use Apt<20
Status Active
Directions GPS Friendly
High School Franklin Community High School
City Franklin
High School District Franklin Community School Corp
Number Of Units Total 4
MLS Area 4105 - Johnson - Franklin
Lot Size Square Feet 6490
Middle/Junior High School Franklin Community Middle School
Property Condition Updated/Remodeled
Structure Type Quadruplex
Standard Status Active
Tax Lot 3
Legal Description King Add Pt Lot 3 Mp Franklin Communi
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Interior
Basement Cellar
Basement (Y/N) Y
Laundry Features Connections Some
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Exterior
Exterior Amenities Balcony
Lot Features Sidewalks
Foundation Details Brick/Mortar
Lot Size Acres 0.15
Road Surface Type Asphalt
Waterfront Y/N N
Road Frontage Type City Street
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* Excluded Features
List By
Trueblood Real Estate

Broker

DKuroiwa@TruebloodRE.com

Email

Affordability Calculator

$2,569
Per Month
80%
20%
0%
Monthly Principal & Interest
$2,063
Monthly Property Taxes
$507
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
4045176 Elementary School
4052126 Middle School
Franklin Community High School High School
See complete school information
Pricing History
Date Price Price Change Description
6/19/2026 $335,000 Listed Price

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298 N Water Street, Franklin, IN, 46131 is a Multi-Family Home for sale at $335,000 with a lot size of 0.15. 298 N Water Street is a studio with 0.0 baths and was built in 1870. The property's zip code is 46131 which is in Franklin, IN

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