106 / 108 N Franklin Street, Greenfield, IN 46140
Local realty services provided by:Schuler Bauer Real Estate ERA Powered



106 / 108 N Franklin Street,Greenfield, IN 46140
$350,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by:melissa ewald
Office:level up real estate group
MLS#:21995048
Source:IN_MIBOR
Price summary
- Price:$350,000
About this home
This investment property, featuring two addresses and three separate, fully remodeled units, offers a fantastic opportunity for both short-term and long-term rental income. Located at 106 and 108, each unit comes fully furnished and shares a large common laundry space, making it ideal for traveling professionals or event-goers. The first address, 106, includes a spacious main floor unit with a large foyer, bedroom, living room, and kitchen. Additionally, it offers an efficiency unit that features a main floor foyer and a charming reading nook or extra storage space. The second address, 108, is a second-floor studio space boasting a generous living, bedroom, and kitchen area. The property also includes an oversized one car garage and paved parking. Currently, all three units are exclusively utilized as Furnished Finder or Airbnb rentals, achieving an impressive occupancy rate of over 90% (July 2023 - June 2024), with several bookings projected into next year. Most tenants are traveling professionals who rent on a monthly basis, though the property has also attracted visitors attending major events in Indianapolis, such as the Indy 500. With a successful rental model already in place, this property holds great potential for continued short-term rentals or could be easily transitioned to long-term tenants. Operating Expenses and Net Income listed below are average monthly. Don't miss out on this instant income producing property!
Contact an agent
Home facts
- Year built:1940
- Listing Id #:21995048
- Added:364 day(s) ago
- Updated:June 27, 2025 at 03:32 PM
Structure and exterior
- Year built:1940
- Lot area:0.11 Acres
Schools
- High school:Greenfield-Central High School
- Middle school:Greenfield Central Junior High Sch
Finances and disclosures
- Price:$350,000
New listings near 106 / 108 N Franklin Street
- New$90,000Active3 beds 1 baths960 sq. ft.
101 Fountain Lake Drive, Greenfield, IN 46140
MLS# 22055365Listed by: CARPENTER, REALTORS - New$459,000Active3 beds 3 baths2,340 sq. ft.
3696 N State Road 9, Greenfield, IN 46140
MLS# 22056159Listed by: BERKSHIRE HATHAWAY HOME - New$285,000Active3 beds 3 baths2,434 sq. ft.
1123 E Mcclarnon Drive, Greenfield, IN 46140
MLS# 22056498Listed by: TRUEBLOOD REAL ESTATE - New$380,000Active4 beds 3 baths4,025 sq. ft.
218 E North Street, Greenfield, IN 46140
MLS# 202532127Listed by: F.C. TUCKER/CROSSROADS REAL ESTATE - New$385,000Active3 beds 3 baths1,844 sq. ft.
3763 N Strahl Drive, Greenfield, IN 46140
MLS# 22055892Listed by: QUALITY REAL ESTATE SOLUTIONS - Open Sun, 12 to 2pmNew$325,000Active4 beds 3 baths1,924 sq. ft.
5574 Arrowhead Drive, Greenfield, IN 46140
MLS# 22056173Listed by: CARPENTER, REALTORS - $220,000Pending3 beds 2 baths1,320 sq. ft.
477 Bridgewater Drive, Greenfield, IN 46140
MLS# 202532034Listed by: F.C. TUCKER/CROSSROADS REAL ESTATE - New$215,000Active4 beds 1 baths1,224 sq. ft.
305 Allen Lane, Greenfield, IN 46140
MLS# 22056108Listed by: CARPENTER, REALTORS - New$275,995Active3 beds 2 baths1,228 sq. ft.
355 Briar Path Drive, Greenfield, IN 46140
MLS# 22056279Listed by: RIDGELINE REALTY, LLC - New$411,000Active3 beds 3 baths2,083 sq. ft.
2303 Wayne Drive, Greenfield, IN 46140
MLS# 22055638Listed by: RE/MAX AT THE CROSSING