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Price Drop: $5K (08/28)
Street View
$265,000
Monthly Est:$1,319
3 Beds
3 Baths
--sqft
298 Johnson Ave, Franklin, IN 46131
$265,000
$1,319/moEst:
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Triplex
Built in 1935
$-- HOA
3,964 sqft lot
--/sqft
Description
Fully leased triplex in Franklin, producing from day one at $2,600/month gross - $31,200 annually - with all three units renting below current Franklin market rates. Two 1BR/1BA units plus a studio, separately metered so tenants carry their own utilities. Every unit is under lease through February 28, 2027, and these aren't turnover tenants: current residents have been in place anywhere from five to fifteen years. Built in 1935, two stories, covered front porch, on a 3,964 sq ft lot close to downtown Franklin. Maintained and rented consistently - no deferred-maintenance surprise waiting on the other side of closing. Collect the in-place income now, with room to brin...
Continue Reading- Houzeo last checked: 11 minutes ago
- Listing updated: September 15, 2026 at 5:01 pm
- Listing Provided by: Reggie Jackson (317) 656-1581 | Real Broker, LLC (317) 794-2827
- Source: Metropolitan Indianapolis Board of REALTORS (MIBOR) MLS-IN | MLS#: 22122086
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1935
HOA Fees
-
Finished Area
- sqft
Lot Size
3,964 sqft lot
Basement Area
- sqft
MLS Name
Metropolitan Indianapolis Board of REALTORS (MIBOR) MLS
MLS Number
22122086
MLS Status
Active
Days on Market
22
Cumulative Days on Market
21
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 3
Other Features
Subdivision Name
Hicks & Hamilton
Tenant Pays
Electricity
Price History
| Date | Event | Price |
|---|---|---|
09/08/2026 Source: | Price Decreased | $265,000 -1.85% $0/sqft |
09/01/2026 Source: | Price Decreased | $270,000 -3.57% $0/sqft |
08/28/2026 Source: | Listed for Sale | $280,000 $0/sqft |
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Based on information from MIBOR REALTOR® Association through Sep 17, 2026, 04:30AM. 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
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