275 E Madison St, Franklin, IN 46131
What's special
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.
- 32 days |
- 558 |
- 20 |
Travel times
Living Room
Kitchen
Primary Bedroom
Zillow last checked:
Listing updated:
Paul Gorrell 463-270-4242,
CrestPoint Real Estate
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Main level bathrooms: 2
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Laundry: In Basement
Features
- Basement: Unfinished
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: Detached
- Garage spaces: 1
- Details: Unit Parking(2 Car Garage)
Features
- Levels: Two
- Stories: 2
- Exterior features: Lighting
- Has view: Yes
- View description: Downtown, Neighborhood
Lot
- Size: 5,662 Square Feet
- Features: Access, Curbs, Not In Subdivision, Mature Trees
Details
- Parcel number: 410814043065000009
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family, Duplex
- Attached to another structure: Yes
Materials
- Vinyl Siding, Shingle Siding
- Foundation: Block
- Roof: Shingle
Condition
- New construction: No
- Year built: 1910
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Hicks & Beard
Location
- Region: Franklin
Financial & listing details
- Tax assessed value: $246,400
- Annual tax amount: $5,490
- Date on market: 7/24/2026
- Cumulative days on market: 34 days
- Tenant pays: All Utilities
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 7/24/2026 | Listed for sale | $399,899+6.6% |
Source:  MIBOR as distributed by MLS GRID #22116144 Report a problem | ||
| 7/14/2026 | Listing removed | -- |
Source: Owner Report a problem | ||
| 6/12/2026 | Listed for sale | $375,000-8.5% |
Source: Owner Report a problem | ||
| 5/7/2026 | Listing removed | -- |
Source: Owner Report a problem | ||
| 1/26/2026 | Listed for sale | $410,000 |
Source: Owner Report a problem | ||
| 2/27/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 11/15/2020 | Listing removed | $1,150 |
Source: Owner Report a problem | ||
| 10/18/2020 | Listed for rent | $1,150+21.1% |
Source: Owner Report a problem | ||
| 7/15/2019 | Listing removed | $950 |
Source: Owner Report a problem | ||
| 6/24/2019 | Listed for rent | $950 |
Source: Owner Report a problem | ||
| 6/21/2018 | Listing removed | $950 |
Source: Owner Report a problem | ||
| 6/4/2018 | Listed for rent | $950 |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,442 -0.6% | $246,400 +123.2% |
| 2024 | $2,457 -0.2% | $110,400 |
| 2023 | $2,462 | $110,400 |
| 2022 | $2,462 | $110,400 |
| 2021 | $2,462 | $110,400 |
| 2020 | $2,462 +71% | $110,400 |
| 2019 | $1,440 -0.7% | $110,400 +53.3% |
| 2018 | $1,450 +7.4% | $72,000 |
| 2017 | $1,350 -0.7% | $72,000 +6.7% |
| 2016 | $1,360 -5.6% | $67,500 -7% |
| 2014 | $1,440 | $72,600 +0.8% |
| 2013 | $1,440 | $72,000 |
| 2012 | $1,440 -0.4% | $72,000 -0.4% |
| 2011 | $1,446 | $72,300 |
| 2010 | $1,446 | $72,300 |
| 2009 | $1,446 -57.6% | $72,300 -35.1% |
| 2007 | $3,414 +43.2% | $111,400 +25.7% |
| 2006 | $2,384 | $88,600 |
Find assessor info on the county website
Monthly payment
Estimated market value
Not available
Estimated sales range
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Climate risks
Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.