409 E Franklin St Delphi, IN 46923
Estimated payment $1,743/month
Highlights
- Traditional Architecture
- Landscaped
- Forced Air Heating and Cooling System
- 1 Car Attached Garage
- Luxury Vinyl Tile Flooring
- Level Lot
About This Home
Investor Opportunity! Fully leased triplex located within walking distance of downtown Delphi. Property includes three income-producing units, all with leases in place into 2027. Tenants pay their own electric. Unit 409: Currently used as a daycare. This unit could easily be converted to a 3-bedroom apartment. Unit 413: 1-bedroom apartment. Unit 407: 2-bedroom apartment. Parking & Storage include 1 garage currently used for storage for day care center, 1 attached carport (1 parking space); 1 detached carport (3 parking spaces); 1 additional parking space on an open cement slab. With a solid rental history and flexible future use, this makes this a strong addition to any investment portfolio.
Listing Agent
Joan Abbott Real Estate Brokerage Phone: 765-564-9822 Listed on: 03/20/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,847
Year Built
- Built in 1959
Lot Details
- 7,187 Sq Ft Lot
- Lot Dimensions are 60x120
- Landscaped
- Level Lot
Home Design
- Triplex
- Traditional Architecture
- Asphalt Roof
- Vinyl Construction Material
Interior Spaces
- 2-Story Property
- Luxury Vinyl Tile Flooring
- Fire and Smoke Detector
- Laminate Countertops
- Laundry in Bathroom
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Partially Finished Basement
- Block Basement Construction
- Stone or Rock in Basement
- 3 Bedrooms in Basement
- Crawl Space
Parking
- 1 Car Attached Garage
- Carport
- Gravel Driveway
- On-Street Parking
- Off-Street Parking
Location
- Suburban Location
Schools
- Delphi Community Elementary And Middle School
- Delphi High School
Utilities
- Forced Air Heating and Cooling System
- Electric Water Heater
- Cable TV Available
Listing and Financial Details
- The owner pays for building insurance, lawn maintenance, sewer, tax, water
- Assessor Parcel Number 08-06-29-011-068.000-007
Community Details
Overview
- 3 Units
Pet Policy
- Pets Allowed with Restrictions
Building Details
- Electric Expense $240
- Insurance Expense $1,479
- Maintenance Expense $400
- Water Sewer Expense $1,800
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 | $4,288 | $241,900 | $15,500 | $226,400 |
| 2024 | $4,288 | $213,800 | $15,500 | $198,300 |
| 2023 | $1,706 | $142,300 | $10,200 | $132,100 |
| 2022 | $1,706 | $85,300 | $10,200 | $75,100 |
| 2021 | $1,570 | $78,500 | $10,200 | $68,300 |
| 2020 | $1,570 | $78,500 | $10,200 | $68,300 |
| 2019 | $1,980 | $99,000 | $10,200 | $88,800 |
| 2018 | $1,980 | $99,000 | $10,200 | $88,800 |
| 2017 | $2,054 | $102,700 | $14,900 | $87,800 |
| 2016 | $2,054 | $102,700 | $14,900 | $87,800 |
| 2014 | $2,026 | $101,300 | $13,900 | $87,400 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/20/2026 03/20/26 | For Sale | $254,500 | +279.9% | $132 / Sq Ft | |
| 02/13/2020 02/13/20 | Sold | $67,000 | -10.5% | $17 / Sq Ft | View Prior Sale |
| 01/31/2020 01/31/20 | Pending | -- | -- | -- | |
| 01/20/2020 01/20/20 | For Sale | $74,900 | -- | $19 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $185,000 | Reiling Teder & Schrier Llc | |
| Warranty Deed | $67,000 | Columbia Title | |
| Warranty Deed | -- | None Available | |
| Deed | $17,796 | -- |
Source: Indiana Regional MLS
MLS Number: 202609260
APN: 08-06-29-011-068.000-007
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Ask me questions while you tour the home.