Leased 4-Unit Multifamily
For Sale
$324,900
298 N Water Street, Franklin, IN 46131
MULTI_FAMILY - Other - Franklin, IN
Property SizeContact for details
Lot Size0.15 Acres
Days on Market47
Property Features for 298 N Water Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
RTN
Rooms
Basement
Exterior features
Balcony
Subdivision
George Kings Franklin Twp
Lot features
Sidewalks
Middle school
Franklin Community Middle School
High school
Franklin Community High School
Elementary school district
Franklin Community School Corp
Middle school district
Franklin Community School Corp
High school district
Franklin Community School Corp
Directions
GPS Friendly
Standard status
Active
APN
410814042092000009
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
King Add Pt Lot 3 Mp Franklin Communi
Legal Description
King Add Pt Lot 3 Mp Franklin Communi
Utilities
Heating system
Forced Air
Cooling system
Wall Unit(s)
Building Details
Year built
1870
Floors in Building
2
Number of units
4
Building materials
Vinyl Siding
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Trueblood Real Estate
(317) 288-5148
Listed By:
Donald Kuroiwa
(317) 679-6330
Added: Jun 19
Changed: Jul 25
Last Checked: Aug 4 at 10:06AM
MLS# 22109011
Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale multifamily property is a 4-unit quadplex configured as four 1-bedroom, 1 full-bath residences. The public remarks indicate all units are currently leased.
The address is 298 N Water Street in Franklin, Indiana, in Johnson County. The seller also notes a preference to sell alongside a nearby 4-plex located at 147 E. King St.
With a total lot size of 0.15 acres and a current leased status across all units, the property is being marketed as an income-producing residential asset.
The address is 298 N Water Street in Franklin, Indiana, in Johnson County. The seller also notes a preference to sell alongside a nearby 4-plex located at 147 E. King St.
With a total lot size of 0.15 acres and a current leased status across all units, the property is being marketed as an income-producing residential asset.
Key Highlights
- 4‑unit multifamily property with all units currently leased
- Unit mix: four 1‑bedroom units, each with 1 full bath
- Balcony exterior feature
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
859
Businesses Nearby
Explore this area
Business Placement
Demographics for 46131, IN
32,869
Population
13,151
Households
2.5
Avg Household Size
38
Median Age
25%
College-Educated
92%
High-School Grad
126.0 sq mi
ZIP Area
261
Density / Sq Mi
$81,914
Median Household Income
$44,797
Median Earnings
$1,114
Median Rent
$227,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four leased 1-bedroom, 1-bath units make up this income-producing multifamily property in Franklin, Indiana.
Where is this quadplex located?
The property is located at 298 N Water Street Franklin, IN.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: 4‑unit multifamily property with all units currently leased; Unit mix: four 1‑bedroom units, each with 1 full bath; Balcony exterior feature
