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298 Johnson Avenue, 
Franklin, IN 46131

$265,000

—

Bed

—

Bath

-

Sq Ft

Multi-Family

Active

Listed by

Reggie Jackson

Real Broker, LLC.

317-794-2827

Last updated:

September 14, 2026, 03:17 PM

MLS#

22122086

Source:

IN MIBOR | Licensed in Indiana

About This Home

298 Johnson Avenue

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.

Home Facts

Multi-Family

Built in 1935

Subdivision & Development:

Hicks & Hamilton

Price Summary

265,000

MLS #:

22122086

Last Updated:

September 14, 2026, 03:17 PM

Added:

19 day(s) ago

Structure

Structure

Year Built:

1935

Lot

Lot Size (Sq. Ft):

3,920

Finances & Disclosures

Finances

Price:

$265,000

Source:IN MIBOR | Licensed in Indiana
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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.