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$285,000   Price Analysis
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148 W Madison St
Franklin, IN 46131
Unknown bed None bath 3,056 SqFt ($93/SqFt)
9,148SqFt lot. Built 1930
Listed 2024-05-03, Taxes $4,274
Ⓧ USDA Ineligible
due to location

near Franklin

Own a Piece of Franklin!

Multi-Family Gem Close to Everything. Calling all savvy investors and growing families! This multi-family property boasts a fantastic location near vibrant downtown Franklin. Perfect for those seeking a solid investment or a multi-generational living situation. Unleash its Potential by transforming this property into a thriving income generator!

This property presents a exceptional value and an pportunity to personalize it as you see fit. This multi-family property offers exceptional versatility and the potential for strong rental income.


Presented by Derek Morgan at
USREALTY .com.
Listing Agent Photo

Property MLS #21977362 from MIBOR

Cooling Features: Central Electric

Lot Size Acres: 0.21
Lot Size Square Feet: 9147

Association: No
Calculated Total Monthly Association Fees: 0
Pet Description: Pet Restrictions Source: 1, Pet Deposit Fee: 2

Elementary School: Northwood Elementary School
High School: Franklin Community High School
High School District: Franklin Community School Corp
Middle School: Franklin Community Middle School

Franklin Community Middle School is a public middle school located approximately 0.4 miles away.
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Northwood Elementary School is a public elementary school located approximately 0.6 miles away.
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Franklin Community High School is a public high school located approximately 2.6 miles away.
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St Rose Of Lima School is a private elementary and middle school located approximately 1.3 miles away.
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Gross Income: 3000

Number of Units: 2
Bedrooms in Unit-1: 4
Bedrooms in Unit-2: 2
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 1
Total Rooms in Unit-1: 12
Total Rooms in Unit-2: 8
Unit-1 Square Feet: 2140
Unit-2 Square Feet: 916
Unit 1 Total Actual Rent: 1800
Unit 2 Total Actual Rent: 1200

Source Listing Status: Active
County: Johnson
Directions: Depending on way of traveling turn right or left on West Madison until you reach property
Tax Year: 2023
Source Property Type: Residential Income
Area: 4105 - Johnson - Franklin
Source Neighborhood: Orig Town Of Franklin
Parcel Number: 410814034019000009
Postal Code Plus 4: 2126
Subdivision: Orig Town Of Franklin
Township: Franklin
Property Subtype: Duplex
Lot Number: 12
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2021$199,300 + $29,000
$228,300
$4,274
2020$164,800 + $27,200
$192,000
$4,303
2019$166,100 + $27,200
$193,300
$4,169
2018$169,900 + $17,400
$187,300
$3,392
2017$152,200 + $17,400
$169,600
$3,206
2016$142,900 + $17,400
$160,300
$1,515
2015$114,800 + $22,100
$136,900
$1,369
2015$134,100 + $17,400
$151,500
$1,369
2014$105,400 + $22,100
$127,500
$1,275
2013$101,700 + $22,100
$123,800
$1,238
2012$97,800 + $22,100
$119,900
$1,375
2011$56,300 + $24,600
$80,900
$1,334
2009$56,300 + $24,600
$80,900
$720
2009$56,300 + $24,600
$80,900
$720
2008$101,800 + $24,600
$126,400
$1,817

Listed 2024-05-03
$285,000
MIBOR

Year Built: 1930
Levels: Two
Property Age: 94
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.