298 Johnson Avenue, Franklin, IN 46131

Franklin
Local realty services provided by:Schuler Bauer Real Estate ERA Powered
298 Johnson Avenue,Franklin, IN 46131
$270,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: reggie jackson
Office: real broker, llc.
MLS#:22122086
Source:IN_MIBOR | Licensed in Indiana

Price summary

  • Price:$270,000

About this home

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 bring rents to market as leases roll on March 1, 2027. Rent roll and expense figures available on request.

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Home facts

  • Year built:1935
  • Subdivision & Development:Hicks & Hamilton
  • Listing ID #:22122086
  • Added:8 day(s) ago
  • Updated:September 06, 2026 at 03:12 PM

Rooms and interior

  • Basement:Yes
  • Basement Description:Basement

Structure and exterior

  • Year built:1935
  • Lot area:0.09 Acres

Schools

  • High school:Franklin Community High School
  • Middle school:Franklin Community Middle School

Finances and disclosures

  • Price:$270,000
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