1410 E Jefferson St Franklin, IN 46131
Estimated payment $10,036/month
Highlights
- 1.65 Acre Lot
- Wood Flooring
- Patio
- Traditional Architecture
- Balcony
- Forced Air Heating and Cooling System
About This Home
Nestled in the heart of Franklin, 1410 E Jefferson Street presents a well-maintained and fully occupied 16-unit investment opportunity comprised of two attractive brick buildings, each containing 8 spacious apartments. Many units have been recently updated with vinyl plank flooring, and each unit features a functional floorplan with a large private patio or balcony, enhancing overall tenant appeal. A common area laundry facility is available for tenant use, providing an additional income stream. The buildings are thoughtfully positioned across from one another, with a large central parking lot offering approximately 40 spaces. Tenants are responsible for all utilities. With consistent rental demand in the Franklin market, this asset presents a compelling opportunity for both stable in-place income and immediate upside, making it an ideal addition for investors seeking a balance of manageability and portfolio growth. Financials available upon request. Seller financing offers will not be considered.
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $16,526
Year Built
- Built in 1967
Lot Details
- 1.65 Acre Lot
- Level Lot
Home Design
- Traditional Architecture
- Brick Exterior Construction
Interior Spaces
- 15,568 Sq Ft Home
- 2-Story Property
- Crawl Space
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 31 Bedrooms
- 16 Full Bathrooms
Parking
- 40 Parking Spaces
- Paved Parking
- Parking Lot
Outdoor Features
- Balcony
- Patio
Schools
- Webb Elementary School
- Franklin Middle School
- Franklin High School
Utilities
- Forced Air Heating and Cooling System
Listing and Financial Details
- The owner pays for lawn maintenance, trash collection
- Assessor Parcel Number 41-08-13-043-096.000-018
Community Details
Overview
- 16 Units
Pet Policy
- Pets Allowed with Restrictions
Building Details
- Electric Expense $965
- Fuel Expense $1,956
- Insurance Expense $7,911
- Maintenance Expense $13,000
- Trash Expense $7,840
- Water Sewer Expense $1,287
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $18,269 | $813,000 | $171,800 | $641,200 |
| 2024 | $16,526 | $747,000 | $171,800 | $575,200 |
| 2023 | $16,885 | $749,800 | $104,000 | $645,800 |
| 2022 | $16,234 | $728,000 | $104,000 | $624,000 |
| 2021 | $13,862 | $621,600 | $104,000 | $517,600 |
| 2020 | $13,862 | $621,600 | $104,000 | $517,600 |
| 2019 | $15,267 | $684,600 | $96,000 | $588,600 |
| 2018 | $8,576 | $428,800 | $96,000 | $332,800 |
| 2017 | $8,490 | $424,500 | $96,000 | $328,500 |
| 2016 | $9,580 | $480,500 | $96,000 | $384,500 |
| 2014 | $9,142 | $457,100 | $96,000 | $361,100 |
| 2013 | $9,142 | $457,400 | $96,000 | $361,400 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/19/2026 05/19/26 | Price Changed | $1,600,000 | -5.8% | $103 / Sq Ft |
| 04/28/2026 04/28/26 | Price Changed | $1,699,000 | -5.6% | $109 / Sq Ft |
| 03/27/2026 03/27/26 | For Sale | $1,800,000 | 0.0% | $116 / Sq Ft |
| 04/01/2024 04/01/24 | Rented | $925 | 0.0% | -- |
| 03/19/2024 03/19/24 | Under Contract | -- | -- | -- |
| 03/19/2024 03/19/24 | Price Changed | $925 | -2.6% | $0 / Sq Ft |
| 03/11/2024 03/11/24 | For Rent | $950 | -- | -- |
Source: Indiana Regional MLS
MLS Number: 202610440
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Ask me questions while you tour the home.