$305,000
SOLD OCT 10, 2025

120 S Franklin St Garrett, IN 46738

8 Beds
8 Baths
5,368 Sq Ft
6,098 Sq Ft Lot

Recently Sold

$57 Per Sq Ft

3% Below List Price

5 Days on Market

Highlights

  • Corner Lot
  • Hot Water Heating System
  • 5-minute walk to Eastside Park

About This Home

As of October 2025

Contingent on financing and appraisal. Accepting backup offers. Multifamily 8 Plex investment opportunity in DeKalb County, Garrett, IN. Great investment for the hands on investor who knows a rare gem, as these rarely become available. A stones throw to downtown Main, this property sits at the northwest corner of S Franklin and E Keyser St. With some upgrades and remodeling, this opportunity can prove to be a true gem in the making. A total of 10 Beds & 8 Baths.

Last Agent to Sell the Property

Jennifer Streich

Hosler Realty Inc - Kendallville Brokerage Phone: 260-302-5200 Listed on: 07/30/2025

Last Buyer's Agent

Gary Patrick

Hosler Realty Inc - Kendallville

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,257

Year Built

  • Built in 1878

Lot Details

  • 6,098 Sq Ft Lot
  • Corner Lot

Parking

  • On-Street Parking

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Laminate Flooring
  • Laminate Countertops
  • Unfinished Basement

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Full Bathrooms

Schools

  • J.E. Ober Elementary School
  • Garrett Middle School
  • Garrett High School

Utilities

  • Hot Water Heating System

Community Details

  • 8 Units

Listing and Financial Details

  • Tenant pays for electric
  • Assessor Parcel Number 17-09-03-109-044.000-013

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,257

Year Built

Built in 1878

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Building
  • Year Built: 1878
  • Style: Two and Half Story
  • Bedrooms: 8
  • Total Bathrooms: 8
  • Total Full Bathrooms: 8
  • Legal Description: Op E 92'
  • Parcel Number ID: 17-09-03-109-044.000-013
  • Platted: Yes
  • Amenities: Countertops-Laminate
  • Parcel Id2: 17-09-03-109-045.000-013
  • Special Features: None

Interior Features

  • Total Sq Ft: 8084
  • Total Finished Sq Ft: 5368
  • Above Grade Finished Sq Ft: 5368
  • Below Grade Sq Ft: 2716
  • Basement: Yes
  • Basement Foundation: Unfinished
  • Flooring: Laminate
  • Total Below Grade Sq Ft: 2716
  • Number Of Ranges Ovens: 8
  • Number Ttl Rooms Below Grade: 1

Exterior Features

  • Exterior: Vinyl
  • Stories: 2

Garage/Parking

  • Parking: Street

Utilities

  • Heating Fuel: Hot Water
  • Sewer: City
  • Water Utilities: City
  • Number Of W D Hookups: 1

Schools

  • Elementary School: J.E. Ober

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: irregular
  • Estimated Lot Sq Ft: 6098
  • Estimated Lot Size Acres: 0.14

Rental Info

  • Lease Term: Month to Month
  • Tenant Pays: Electric

Tax Info

  • Annual Property Tax: 3257

Multi Family

  • Number Of Refrigerators: 8
  • Number Of Units: 8
  • Num Of1 Bedrooms: 5
  • Num Of2 Bedrooms: 2
  • Number Of 4 Bedrooms: 1
  • Num Of Efficiencies: 3

MLS Schools

  • High School: Garrett
  • Middle School: Garrett
  • School District: Garrett Keyser Butler

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2010
Closed on
May 18, 2012
Sold by
Garman Kathleen
Bought by
Mcm Property Investments Llc
Seller's Agent
Teri Davis-Foster
Mike Thomas Associates, Inc.
Buyer's Agent
Cheryl Carnahan
Mike Thomas Associates, Inc.
List Price
$129,900
Sold Price
$77,900
Premium/Discount to List
-$52,000
-40.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.29%

Purchase Details

Closed on
Dec 22, 2008
Sold by
Skelly Gregory A
Bought by
Garman Kathleen R

Purchase Details

Closed on
Aug 15, 2000
Sold by
Charles Heiser and Charles Barbara+
Bought by
Skelly Gregory A and Skelly Farmer
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Lawyers Title
Warranty Deed -- J Bryan Nugen Attorney At La
Deed $140,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/10/2025 10/10/25 Sold $305,000 -3.2% $57 / Sq Ft
08/04/2025 08/04/25 For Sale $315,000 0.0% $59 / Sq Ft
08/04/2025 08/04/25 Pending -- -- --
07/30/2025 07/30/25 For Sale $315,000 +304.4% $59 / Sq Ft
05/18/2012 05/18/12 Sold $77,900 -40.0% $15 / Sq Ft View Prior Sale
05/15/2012 05/15/12 Pending -- -- --
09/24/2010 09/24/10 For Sale $129,900 -- $24 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,257 $130,400 $16,700 $113,700
2023 $2,387 $119,200 $15,200 $104,000
2022 $2,002 $100,100 $12,400 $87,700
2021 $1,638 $81,900 $11,100 $70,800
2020 $1,517 $75,300 $10,600 $64,700
2019 $1,472 $73,300 $10,600 $62,700
2018 $1,468 $73,100 $10,600 $62,500
2017 $1,529 $75,900 $10,600 $65,300
2016 $1,515 $75,200 $10,600 $64,600
2014 $1,548 $77,400 $10,600 $66,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202529995

Indiana Regional MLS

APN: 17-09-03-109-045.000-013