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.
21 days
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1,499
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54
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Zillow last checked:
Listing updated:
Listed by:
Donald Kuroiwa317-435-3580,
Trueblood Real Estate
Source: MIBOR as distributed by MLS GRID,MLS#: 22109011
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Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 4
Main level bathrooms: 4
Heating
Forced Air
Cooling
Wall Unit(s)
Appliances
Laundry: Connections Some
Features
Basement: Cellar
Property
Parking
Details: Unit Parking(On Street)
Features
Levels: Two
Stories: 2
Exterior features: Balcony
Lot
Size: 6,534 Square Feet
Features: Sidewalks
Details
Parcel number: 410814042092000009
Zoning: RTN
Special conditions: As Is
Construction
Type & style
Home type: MultiFamily
Architectural style: Traditional
Property subtype: Multi Family, Quadruplex
Materials
Vinyl Siding
Foundation: Brick/Mortar
Roof: Asphalt
Condition
Updated/Remodeled
New construction: No
Year built: 1870
Community & HOA
Community
Security: Smoke Detector(s)
Subdivision: George Kings Franklin Twp
Location
Region: Franklin
Financial & listing details
Annual tax amount: $6,082
Date on market: 6/19/2026
Cumulative days on market: 23 days
Road surface type: Asphalt
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
7/8/2026
Price change
$334,000-0.3%
Source: MIBOR as distributed by MLS GRID #22109011Report a problem
6/19/2026
Listed for sale
$335,000-4.3%
Source: MIBOR as distributed by MLS GRID #22109011Report a problem
2/10/2026
Listing removed
$350,000
Source: MIBOR as distributed by MLS GRID #22073458Report a problem
1/14/2026
Listed for sale
$350,000
Source: MIBOR as distributed by MLS GRID #22073458Report a problem
12/29/2025
Pending sale
$350,000
Source: MIBOR as distributed by MLS GRID #22073458Report a problem
12/24/2025
Listed for sale
$350,000
Source: MIBOR as distributed by MLS GRID #22073458Report a problem
11/28/2025
Pending sale
$350,000
Source: MIBOR as distributed by MLS GRID #22073458Report a problem
11/18/2025
Listed for sale
$350,000+89.2%
Source: MIBOR as distributed by MLS GRID #22073458Report a problem
1/30/2015
Sold
$185,000-5.8%
Source: MIBOR as distributed by MLS GRID #21319439Report a problem
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.