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409 Franklin Street, 
Delphi, IN 46923

$254,500

6

Beds

3

Baths

1,932

Sq Ft

Multi-Family

Virtual Tour

Pending

Listed by

Judith Wilson, Agt: 765-564-9822

Joan Abbott Real Estate

Last updated:

April 15, 2026, 07:37 AM

MLS#

202609260

Source:

Indiana Regional MLS

About This Home

409 Franklin Street

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.

Home Facts

Multi-Family

3 Baths

6 Bedrooms

Built in 1959

Price Summary

254,500

$131 per Sq. Ft.

MLS #:

202609260

Last Updated:

April 15, 2026, 07:37 AM

Added:

a month ago

Rooms & Interior

Bedrooms

Total Bedrooms:

6

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3

Interior

Living Area:

1,932 Sq. Ft.

Structure

Structure

Architectural Style:

Traditional, Two Story

Building Area:

2,668 Sq. Ft.

Year Built:

1959

Lot

Lot Size (Sq. Ft):

7,187

Finances & Disclosures

Finances

Price:

$254,500

Price per Sq. Ft:

$131 per Sq. Ft.

Source:Indiana Regional MLS
IRMLS information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IRMLS Data is deemed reliable but is not guaranteed accurate by the MLS. IRMLS information provided by the Indiana Regional MLS. Copyright 2026 Indiana Regional MLS LLC.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.