275 E Madison Street Franklin, IN ^$ 399,899

275 E Madison Street

^$ 399,899

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Recently Listed

275 E Madison Street

Franklin, IN, 46131

^$ 399,899

Studio Baths0.0

Monthly Estimate*

^$ 2,525

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Studio

Multi-Family Home for sale in Franklin, IN

for $399,899. This home was built in 1910 on a lot size of 0.13.

Excellent opportunity to own a well-maintained duplex on a prominent corner lot just blocks from historic downtown Franklin and Franklin College. Each unit offers approximately 1,100+ square feet with 2 bedrooms, 2 baths, spacious living room with fireplace, large kitchen, hardwood floors, charming built-ins, and a full unfinished basement providing abundant storage and laundry space. Separate entrances, off-street parking, and a detached two-car garage add convenience for both residents and owners. Whether you're expanding your investment portfolio or looking to owner-occupy one unit while generating rental income from the other, this property offers outstanding flexibility. Enjoy easy access to Franklin's award-winning downtown filled with local restaurants, coffee shops, boutiques, festivals, and entertainment, along with nearby parks, trails, and Franklin College. Conveniently located near US-31 and I-65 for an easy commute to Indianapolis, this is a rare opportunity to own a classic duplex in one of Johnson County's most desirable communities.

Multi-Family Active

Price

^$ 399,899

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 5,490

Style

Traditional

Lot Size

0.13

Year Built

1910

Town/City

Franklin

County/Region

Johnson

MLS | Web ID

22116144

Features

General

Heating Forced Air Natural Gas

Cooling Central Air

Possession Negotiable

Roof Shingle

Garage Spaces 1

Architectural Style Traditional

Security Features Smoke Detector(s)

Construction Materials Vinyl Siding Shingle Siding

Year Built 1910

Tenant Pays All Utilities

View Downtown Neighborhood

Township Franklin

Levels Two

Property Subtype Duplex

Tax Year 2025

Current Use Residential

County Johnson

New Construction N

Property Type Residential Income

Subdivision Name Hicks & Beard

Status Active

Directions GPS Friendly

High School Franklin Community High School

City Franklin

High School District Franklin Community School Corp

Number Of Units Total 2

MLS Area 4105 - Johnson - Franklin

Lot Size Square Feet 5576

Property Attached Y/N Y

Current Financing Conventional

Middle/Junior High School Franklin Community Middle School

Additional Parcels Y/N N

Virtual Tour https://www.zillow.com/view-imx/810fbce3-ef30-41a8-a339-ff6c19f1c2bc?wl=true&setAttribution=mls&initialViewType=pano https://www.zillow.com/view-imx/810fbce3-ef30-41a8-a339-ff6c19f1c2bc?initialViewType=pano

Structure Type Duplex

Standard Status Active

Tax Lot 8

Legal Description Hicks & Beard Add #5 Pt Lot 8 Mp Franklin Communi

Interior

Basement Unfinished

Basement (Y/N) Y

Laundry Features In Basement

Exterior

Exterior Amenities Lighting

Parking Features Detached

Lot Features Access Curbs Not In Subdivision Mature Trees

Foundation Details Block

Lot Size Acres 0.13

Road Surface Type Asphalt

Waterfront Y/N N

Road Frontage Type City Street

* Excluded Features

List By

Crestpoint Real Estate

Broker

paul@crestpointindy.com

Affordability Calculator

$2,983

Per Month

Monthly Principal & Interest: $2,525
Monthly Property Taxes: $458
Monthly Home Insurance: --

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Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% 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

Trends
Schools

Multi-family listings in Franklin, IN

Average List Price ^$648,250

Percent of Sale Price 62%

About Franklin, IN

24,780 Population

20% Since 2002

^$53,814 Median Income

36.69 Median Age

29% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4045176 Elementary School

4052126 Middle School

Franklin Community High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
7/24/2026	$399,899		Listed Price

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275 E Madison Street, Franklin, IN, 46131 is a Multi-Family Home for sale at $399,899 with a lot size of 0.13. 275 E Madison Street is a studio with 0.0 baths and was built in 1910. The property's zip code is 46131 which is in Franklin, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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.

Property information provided courtesy of the Internet Exchange Program of the Metropolitan Indianapolis Board of REALTORS® Broker Listing Cooperative® listing service.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 7/25/2026.

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275 E Madison Street

Multi-Family Home for sale in Franklin, IN

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