Great Investment Opportunity! 4200 sq feet home divided into 4 apartments in the heart of downtown Franklin. Two doors down from Main & Madison, this building is fully rented and all tenants have expressed their wish to stay. Owner has remodeled interior and exterior, new electric, new plumbing, new water heaters, roof is 10 years old, new wooden staircase out back. There are 6 parking spaces available behind the building. The ground floor could be re-designed as your living space, with two rental apartments above. Or keep all 4 units! Units A & B are on lower level. Units C & D are on upper level. A & C have 2 bedrooms. D is also a 2 bedroom, but has the capability of being a 3 bedroom. Unit B has 1 bedroom.
Sold
Street View
$460,000
50 W Madison St, Franklin, IN 46131
7beds
4baths
--sqft
Multi Family, Quadruplex
Built in 1930
-- sqft lot
$503,500 Zestimate®
$--/sqft
$1,432 Estimated rent
Home value
$503,500
$463,000 - $549,000
$1,432/mo
Zestimate® history
Owner options
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$1,432/mo
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$1,432/mo
Rent Zestimate®
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$2,803/mo
Est. payment
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$2,803/mo
Est. payment
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List your homeWhat's special
Remodeled interiorHeart of downtown franklinNew plumbingNew wooden staircase
Zillow last checked:
Listing updated:
Listing Provided by:
Frederick Paris 317-442-0142,
Smythe & Co, Inc,
Michelle McClain,
Smythe & Co, Inc
Bought with:
Whitney Strange
Keller Williams Indy Metro NE
Source: MIBOR as distributed by MLS GRID,MLS#: 21971404
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Main level bathrooms: 7
Heating
- Heat Pump
Cooling
- Has cooling: Yes
Appliances
- Laundry: Other
Features
- Basement: Cellar
Property
Parking
- Parking features: Common, Concrete
- Details: Unit Parking(Parking Lot)
Features
- Levels: Two
- Stories: 2
- Exterior features: Balcony
Lot
- Size: 7,405 sqft
Details
- Parcel number: 410814034006000009
- Zoning: mxd
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family, Quadruplex
- Attached to another structure: Yes
Materials
- Foundation: Brick/Mortar, Cellar
- Roof: Shingle
Condition
- New construction: No
- Year built: 1930
Community & neighborhood
Community
- Community features: Low Maintenance Lifestyle
Location
- Region: Franklin
- Subdivision: Orig Town Of Franklin
Price history
| Date | Event | Price |
|---|---|---|
| 6/1/2024 | Sold | $460,000-7.1% |
Source:  MIBOR as distributed by MLS GRID #21971404 Report a problem | ||
| 4/13/2024 | Pending sale | $495,000 |
Source: MIBOR as distributed by MLS GRID #21971404 Report a problem | ||
| 4/11/2024 | Listed for sale | $495,000 |
Source: MIBOR as distributed by MLS GRID #21971404 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 46131
Nearby schools
GreatSchools rating
- 8/10Webb Elementary SchoolGrades: PK-4Distance: 1.2 mi
- 7/10Franklin Community Middle SchoolGrades: 7-8Distance: 0.5 mi
- 6/10Franklin Community High SchoolGrades: 9-12Distance: 2.7 mi
Schools provided by the listing agent
- Middle: Franklin Community Middle School
- High: Franklin Community High School
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.
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Estimated market value
$503,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$503,500
- Indiana
- Johnson County
- Franklin
- 46131
- 50 W Madison St
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