Cash flowing Triplex with detached garage that is also rented making 4 sources of incoming rents each month. Gross rents are $1,765.00 with long-term tenants in each unit.
Closed
$140,000
223 W Franklin St, Winchester, IN 47394
5beds
2,327sqft
Triplex
Built in 1940
-- sqft lot
$146,400 Zestimate®
$--/sqft
$798 Estimated rent
Home value
$146,400
Estimated sales range
Not available
$798/mo
Zestimate® history
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$798/mo
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$798/mo
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Zillow last checked:
Listing updated:
Listed by:
Brody Tarter Cell:765-546-2203,
RE/MAX Evolve
Bought with:
Paul Faddis, RB15000347
Tarter Realty Auction and Appraisal Company
Source: IRMLS,MLS#: 202508852
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Electric, Natural Gas
Cooling
- Wall Unit(s)
Features
- Flooring: Carpet, Laminate
- Basement: Crawl Space,Partial,Unfinished
Interior area
- Total structure area: 2,998
- Total interior livable area: 2,327 sqft
- Finished area above ground: 2,327
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Private, Off Street Parking
Features
- Levels: Two
- Stories: 2
- Patio & porch: Porch Covered
Lot
- Size: 8,712 Square Feet
- Dimensions: 53x165
- Features: Corner Lot, City/Town/Suburb
Details
- Additional structures: Barn(s)
- Parcel number: 680920427020.000021
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Triplex
Materials
- Concrete, Vinyl Siding
- Roof: Shingle
Condition
- New construction: No
- Year built: 1940
Utilities & green energy
- Sewer: City, Public Sewer
- Water: City, Public
Community & HOA
Community
- Subdivision: South West / Southwest
Location
- Region: Winchester
Financial & listing details
- Tax assessed value: $73,900
- Annual tax amount: $1,400
- Date on market: 3/19/2025
- Inclusions: Building
- Lease term: Negotiable
- Total actual rent: 21180
- Tenant pays: Other
Price history
| Date | Event | Price |
|---|---|---|
| 4/1/2025 | Sold | $140,000-12.4% |
Source:  IRMLS #202508852 Report a problem | ||
| 3/24/2025 | Pending sale | $159,900$69/sqft |
Source:  RLMS #10050563 Report a problem | ||
| 3/18/2025 | Listed for sale | $159,900$69/sqft |
Source: RLMS #10050563 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,462 | $73,900 +10% |
| 2024 | $1,462 +2% | $67,200 |
| 2023 | $1,433 +10.9% | $67,200 +2.1% |
| 2022 | $1,292 +0.6% | $65,800 +8.4% |
| 2021 | $1,284 +0.8% | $60,700 +0.5% |
| 2020 | $1,274 -36.5% | $60,400 -38.9% |
| 2019 | $2,007 +8% | $98,800 +3.8% |
| 2018 | $1,859 +4.1% | $95,200 +8.1% |
| 2017 | $1,786 +4.6% | $88,100 +4.1% |
| 2016 | $1,707 +4.9% | $84,600 +7% |
| 2014 | $1,627 +3.2% | $79,100 +3.3% |
| 2013 | $1,576 +1.7% | $76,600 +0.9% |
| 2012 | $1,549 +7.7% | $75,900 +5.6% |
| 2011 | $1,438 +7.3% | $71,900 +7.3% |
| 2010 | $1,340 +7.5% | $67,000 +7.5% |
| 2009 | $1,246 | $62,300 |
Find assessor info on the county website
Neighborhood: 47394
Nearby homes
- $--1 bd1 ba-- sqft223 W Franklin St APT 2, Winchester, IN 47394Off Market
- $--1 bd1 ba-- sqft223 W Franklin St APT 1, Winchester, IN 47394Off Market
- $46,9004 bd1 ba1k sqft229 W Franklin St, Winchester, IN 47394Off Market
- $184,4003 bd2 ba2.1k sqft233 W Franklin St, Winchester, IN 47394Off Market
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- $---- bd-- ba-- sqft214 W Franklin St, Winchester, IN 47394Off Market
- $1,0001 bd1 ba-- sqft224 W Franklin St, Winchester, IN 47394For Rent
- $175,6004 bd2 ba2.2k sqft307 W Franklin St, Winchester, IN 47394Off Market
Nearby schools
GreatSchools rating
- 7/10Willard Elementary SchoolGrades: 3-5Distance: 0.3 mi
- 4/10Lee L Driver Middle SchoolGrades: 6-8Distance: 0.8 mi
- 5/10Winchester Community High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- Elementary: Or Baker
- Middle: Driver
- High: Winchester
- District: Randolph Central School Corp.
Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Indiana
- Randolph County
- Winchester
- 47394
- 223 W Franklin St
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