$350,000
- 4 Beds
- 4 Baths
298 N Water St, Franklin, IN 46131
Austin Smythe Smythe & Co, Inc
$350,000
298 N Water St, Franklin, IN 46131
Austin Smythe Smythe & Co, Inc
$350,000
147 E King St, Franklin, IN 46131
Austin Smythe Smythe & Co, Inc
Franklin, Indiana, a small college town located about 25 miles southeast of downtown Indianapolis, offers a unique blend of small-town charm and proximity to urban amenities. As the seat of Johnson County, Franklin is home to Franklin College, a historic liberal arts institution that contributes to the town's distinctive atmosphere. The city features a mix of historic homes and modern subdivisions, with architectural styles ranging from Victorian-era houses along Jefferson Street to contemporary custom homes further out. The Franklin Community School Corporation serves most local students and is highly rated within the county. Franklin's economy benefits from its access to Interstate 65, with major companies like Amazon and Target having distribution centers nearby. The downtown area is vibrant, with attractions such as the Historic Artcraft Theatre, which hosts vintage movie screenings and film festivals. Public art and events, including the Hops & Vines festival and the Johnson County Fair, are integral to the community's cultural scene. Outdoor enthusiasts can explore 13 parks and the 17-mile Franklin Greenway Trail, with Youngs Creek Park being a notable highlight. Safety is a strong point, with violent crime rates significantly lower than the national average. Franklin has also taken measures to mitigate flooding risks following a historic flood in 2008. Public transportation is available, and the city is approximately 35 miles from Indianapolis International Airport.
On average, homes in Franklin, IN sell after 34 days on the market compared to the national average of 53 days. The median sale price for homes in Franklin, IN over the last 12 months is $305,000, up 10% from the median home sale price over the previous 12 months.
In Franklin, there are currently 2 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $350,000 to $350,000, there's a range to accomodate every budget. As of November, 2025 the median home price in Franklin is $327,500, while the average sale price is $327,172, offering insights into the local housing market. On average, multi-family homes spend 34 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Franklin, IN.