298 Johnson Ave Franklin, IN 46131
Franklin AreaEstimated payment $1,775/month
About This Home
Fully leased triplex in Franklin, producing from day one at $2,600/month gross - $31,200 annually - with all three units renting below current Franklin market rates. Two 1BR/1BA units plus a studio, separately metered so tenants carry their own utilities. Every unit is under lease through February 28, 2027, and these aren't turnover tenants: current residents have been in place anywhere from five to fifteen years. Built in 1935, two stories, covered front porch, on a 3,964 sq ft lot close to downtown Franklin. Maintained and rented consistently - no deferred-maintenance surprise waiting on the other side of closing. Collect the in-place income now, with room to bring rents to market as leases roll on March 1, 2027. Rent roll and expense figures available on request.
Listing Agent
Real Broker, LLC Brokerage Email: reggie@ThePhalanxTeam.com License #RB22000730 Listed on: 08/26/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,424
Year Built
- Built in 1935
Home Design
- Triplex
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Bathroom
Schools
- Franklin Community Middle School
- Custer Baker Intermediate School
- Franklin Community High School
Additional Features
- 2-Story Property
- 3,964 Sq Ft Lot
- Basement
Community Details
- Hicks & Hamilton Subdivision
Listing and Financial Details
- The owner pays for lawncare, taxes, sewer, water
- Tax Lot 6
- Assessor Parcel Number 410814042116000009
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $3,423 | $153,100 | $9,100 | $144,000 |
| 2024 | $2,883 | $130,300 | $9,300 | $121,000 |
| 2023 | $2,557 | $114,900 | $9,300 | $105,600 |
| 2022 | $2,185 | $98,000 | $9,300 | $88,700 |
| 2021 | $1,991 | $89,300 | $7,500 | $81,800 |
| 2020 | $1,813 | $81,300 | $7,500 | $73,800 |
| 2019 | $1,675 | $75,100 | $7,500 | $67,600 |
| 2018 | $1,473 | $75,400 | $7,800 | $67,600 |
| 2017 | $1,438 | $71,900 | $7,800 | $64,100 |
| 2016 | $1,456 | $71,900 | $7,800 | $64,100 |
| 2014 | $1,314 | $72,100 | $8,100 | $64,000 |
| 2013 | $1,314 | $65,700 | $8,100 | $57,600 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/01/2026 09/01/26 | Price Changed | $270,000 | -3.6% | -- |
| 08/26/2026 08/26/26 | For Sale | $280,000 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22122086
APN: 41-08-14-042-116.000-009
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Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.