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Condo for sale at 196 E Madison St #B, Franklin, IN 46131 | MLS# 22113413 | Listing updated on 2026-09-23
Photo 1 of Condo for sale at 196 E Madison St #B, Franklin, IN 46131 | MLS# 22113413 | Listing updated on 2026-09-23
Photo 2 of Condo for sale at 196 E Madison St #B, Franklin, IN 46131 | MLS# 22113413 | Listing updated on 2026-09-23
Photo 3 of Condo for sale at 196 E Madison St #B, Franklin, IN 46131 | MLS# 22113413 | Listing updated on 2026-09-23
Photo 4 of Condo for sale at 196 E Madison St #B, Franklin, IN 46131 | MLS# 22113413 | Listing updated on 2026-09-23
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$385,000

Monthly Est:$1,916

  • Beds Icon3 Beds
  • Beds Icon
    2 Baths
  • Beds Icon1,828sqft

196 E Madison St #B, Franklin, IN 46131

$1,916/moEst:

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  • Condominium

  • Built in 1915

  • $144/mo HOA

  • 958 sqft lot

  • $211/sq.ft

Description

PRICE REDUCED!! Own a remarkable piece of Franklin history in this truly one-of-a-kind residence, originally constructed in 1915 as the city's iconic Carnegie Library and thoughtfully transformed into an exclusive five-unit condominium community in 1990. Rich in architectural character, this extraordinary home beautifully preserves its historic charm with stunning mahogany barrel-vaulted ceilings, elegant marble floors, custom lighted cabinetry, and timeless craftsmanship rarely found today, while seamlessly blending today's most desirable updates and conveniences. Offering three spacious bedrooms, including a main-level bedroom, this home features beautifully renovated bathrooms, an updated kitchen with granite countertops and stainless steel appliances, custom closet systems, newer vinyl windows with custom remote-controlled blinds, smart home technology including Alexa-controlled lighting, Wi-Fi-enabled front door lock and thermostat on the main level, a brand-new HVAC system, and a water heater less than three years old. Enjoy the convenience of a private entrance, abundant storage throughout, a new stackable washer and dryer, included water softener, and an expansive hand-laid paver patio perfect for relaxing or entertaining. Owners self-manage the HOA, keeping monthly dues at just $144, which include exterior maintenance, water, sewer, and trash service. Complete with a dedicated rear parking space plus additional on-street parking, this exceptional home places you just steps from Franklin's vibrant downtown shops, restaurants, parks, and year-round community events, offering an unmatched opportunity to own a beautifully preserved landmark with every modern comfort.

  • Houzeo last checked: 9 minutes ago
  • Listing updated: September 23, 2026 at 6:48 pm
  • Listing Provided by: Rusty Harsin (317) 640-6731 | Hoosier, REALTORS® (317) 862-5200
  • Source: Metropolitan Indianapolis Board of REALTORS (MIBOR) MLS-IN | MLS#: 22113413 Metropolitan Indianapolis Board of REALTORS (MIBOR) MLS-IN

Property Details

  • Status

    Active

  • Type

    Condominium

  • No. of Stories

    -

  • County

    Johnson County

  • City

    Franklin

  • Neighborhood

    --

  • Year Built

    1915

  • HOA Fees

    $144/mo

  • Finished Area

    1,828 sqft

  • Lot Size

    958 sqft lot

  • Basement Area

    - sqft

  • MLS Name

    Metropolitan Indianapolis Board of REALTORS (MIBOR) MLS

  • MLS Number

    22113413

  • MLS Status

    Active

  • Days on Market

    90

  • Cumulative Days on Market

    76

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Location

HOA Management

N/A

HOA Fees

$144/ Monthly

Amenities

Amenities and services may be covered by one or multiple associations and service providers.

Maintenance Maintenance

Trash Pickup Trash Pickup

Sewer Sewer

Snow Removal Snow Removal

Disclaimer: Amenities are based on third-party information and may vary; buyers must independently verify all amenities, as information is deemed reliable but not guaranteed.

Facts & Features

Rooms

  • Bedrooms & bathrooms

    Bedrooms: 3

    Bathrooms: 2

  • Kitchen

    Level: Main

    Area: 90.00 Square Feet

    Dimensions: 10x9

  • Bedroom 2

    Level: Basement

    Area: 242.00 Square Feet

    Dimensions: 22x11

  • Dining Room

    Level: Main

    Area: 90.00 Square Feet

    Dimensions: 10x9

  • Master Bedroom

    Level: Main

    Area: 154.00 Square Feet

    Dimensions: 14x11

  • Bedroom 2

    Level: Basement

    Area: 156.00 Square Feet

    Dimensions: 13x12

  • Living Room

    Level: Main

    Area: 224.00 Square Feet

    Dimensions: 16x14

Interior

  • Cooling

    Central Air

  • Interior Features

    Attic Access, Built In Features, High Ceilings, Walk In Closet(s), Wood Work Stained, Entrance Foyer, Hi Speed Internet Availbl

  • Exterior Features

    Not Applicable

  • Appliances

    Dishwasher, Dryer, Electric Water Heater, Micro Hood, Refrigerator, Washer, Water Softener Owned

  • Heating

    Forced Air, Electric

Construction

  • Year Built

    Year Built: 1915

  • Home type

    Condominium

  • Architectural Style

    Other

  • Property Condition

    Updated/remodeled

  • Foundation Details

    Block

  • Construction Materials

    Brick

Utilities & Energy

  • Water Source

    Public

  • Association Amenities

    Maintenance Grounds, Maintenance, Snow Removal, Trash

  • Utilities

    Cable Available

  • Laundry Features

    Laundry Closet, Main Level

  • Basement

    Daylight, Finished Ceiling

  • Parking Features

    Assigned

Other Features

  • Subdivision Name

    Carnegie Commons

  • Patio And Porch Features

    Patio

Price History

DateEventPrice

09/12/2026

Source: #MBR22113413

Price Decreased

$395,000 -0.88%

$216/sqft

08/30/2026

Source: mls_logoMetropolitan Indianapolis Board of REALTORS (MIBOR) MLS-IN #MBR22113413

Price Decreased

$398,500 -0.13%

$218/sqft

08/25/2026

Source: mls_logoMetropolitan Indianapolis Board of REALTORS (MIBOR) MLS-IN #MBR22113413

Price Decreased

$399,000 -0.23%

$218/sqft

08/18/2026

Source: mls_logoMetropolitan Indianapolis Board of REALTORS (MIBOR) MLS-IN #MBR22113413

Price Decreased

$399,900 -1.26%

$219/sqft

08/14/2026

Source: mls_logoMetropolitan Indianapolis Board of REALTORS (MIBOR) MLS-IN #MBR22113413

Price Decreased

$405,000 -2.41%

$222/sqft

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Based on information from MIBOR REALTOR® Association through Oct 08, 2026, 08:46PM. The Broker Listing Cooperative® listing service's Listing information is deemed reliable but is not guaranteed accurate by the Broker Listing Cooperative® listing service. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.. All Rights Reserved. © 2026 MIBOR REALTOR® Association.

Advertising Broker: Jonah Hartsburg | Hoosier Hub Realty