Sold677d on marketHistoric · 96 yrs
50 W Madison St
Franklin, IN, 46131 • 46131 • Johnson County
$460,000
7Beds
4Baths
0.17 acLot
1930Built
Property DNA
Traditional Style
Built 1930 · 96 years of history
Orig Town Of Franklin
46131
This home is in high demand
Listed 677 days ago · 8 views · Top 6% likely to sell soon
Market activity
Demand and pricing signals for this listing
8 views
People checking out this listing
677 days on market
Established listing
Selling Soon Prediction
Very HighThis home ranks in the top 6% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
Want the full market analysis?
Get the detailed selling prediction score, comparable sales data, and price trend forecast for this property.
Free · Delivered to your inbox in minutes
About this home
Multi Family · Built 1930 · Historic
Great Investment Opportunity! 4200 sq feet home divided into 4 apartments in the heart of downtown Franklin. Two doors down from Main & Madison, this building is fully rented and all tenants have expressed their wish to stay. Owner has remodeled interior and exterior, new electric, new plumbing, new water heaters, roof is 10 years old, new wooden staircase out back. There are 6 parking spaces available behind the building. The ground floor could be re-designed as your living space, with two rental apartments above. Or keep all 4 units! Units A & B are on lower level. Units C & D are on upper level. A & C have 2 bedrooms. D is also a 2 bedroom, but has the capability of being a 3 bedroom. Unit B has 1 bedroom.
Standout features identified
Our analysis highlights remodeled interior, heart of downtown franklin, and new plumbing as key attractions of this home.
Estimated monthly payment
Based on current rates
$2,881/month
Principal & Interest$2,268
Property Tax$460
Insurance$153
Down payment20% ($92,000)
3%50%
Est. 6.26% rate · 30yr fixed · $368,000 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family, Quadruplex
Year Built1930
HeatingHeat Pump
ParkingCommon, Concrete
Property
Home typeMulti Family
Sub-typeMulti Family, Quadruplex
StyleTraditional
Year built1930
Stories2
Systems
HeatingHeat Pump
RoofShingle
Parking & Outdoor
ParkingCommon, Concrete
BasementCellar
Lot7,405 sqft
Location & Tax
Neighborhood46131
Zoningmxd
Annual tax$4,260
Parcel410814034006000009
Features & details
5 categories of property features
Interior Features
Heating
Heat Pump
Laundry
Other
Exterior Features
Exterior
Balcony
Parking
Common
Concrete
Community
Low Maintenance Lifestyle
Listing insights
Market data and value estimates
StatusSold
Days on market677
Est. value$500,100
Est. rent$1,321/mo
Tax rate0.79%
On marketApr 10, 2024
PostedApr 11, 2024
Last sold$460,000
MLS statusSold
MLS updatedJun 3, 2024
Tour days6
Views8
How are the schools in Franklin?
3 schools rated nearby
Location
Franklin, IN, 46131
Price history
3 events
DateEventPrice$/sqftSource
Jun 1, 2024Sold$460,000—MIBOR as distributed by MLS GRID
Apr 13, 2024Pending Sale$495,000—MIBOR as distributed by MLS GRID
Apr 11, 2024Listed For Sale$495,000—MIBOR as distributed by MLS GRID
Sold$460,000
Jun 1, 2024•MIBOR as distributed by MLS GRID
Pending Sale$495,000
Apr 13, 2024•MIBOR as distributed by MLS GRID
Listed For Sale$495,000
Apr 11, 2024•MIBOR as distributed by MLS GRID
Nearby homes
Neighborhood details
Local context around this listing
Franklin, IN • Johnson County
Nearby neighborhoods
Amity
Nearby cities
BargersvilleEdinburghFranklinGreenwoodMorgantownNeedhamNew WhitelandNineveh
Nearby zip codes
46131
Similar homes
Based on information submitted to the MLS GRID as of 2026-04-09 23:08:04 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
No obligation · Same-day response