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    Leased 4-Unit Multifamily Quadplex Title is generated by Realmo AI

    298 N Water Street, Franklin, IN 46131

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    Claim this Listing
    New
    For Sale
    $335,000

    MULTI_FAMILY - Other - Franklin, IN

    Lot size:
    0.15 Acres
    Added:
    Jun 19, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 20 at 8:06 am

    Property Features for 298 N Water Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RTN
    Rooms
    Basement
    Exterior features
    Balcony
    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

    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

    We can help!

    Listing Contact
    Donald Kuroiwa

    Listing agent Donald Kuroiwa

    Listing office Trueblood Real Estate North Street Suite 350 8700, Fishers, IN

    Listing date Jun 19, 2026

    MLS# 22109011 Listing URL

    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.

    HighLights

    • 4‑unit multifamily property with all units currently leased
    • Unit mix: four 1‑bedroom units, each with 1 full bath
    • Balcony exterior feature
    • Vinyl siding exterior and asphalt shingle roof
    • Forced‑air heating and wall unit(s) cooling
    • Year built: 1870

    Overview

    This 4-unit multifamily quadplex is configured as four separate 1-bedroom, 1-bath residences. The property is currently operating with all units leased, which supports immediate occupancy. The offering is zoned RTN and sits on a 0.15-acre lot.

    The property is located at 298 N Water Street in Franklin, Indiana (Johnson County). The seller notes this is within the downtown Franklin market.

    For investors seeking a small, readily income-producing rental asset, this quadplex provides a straightforward unit mix of 1-bedroom layouts across all four units. The seller also prefers a sale that includes the 4-plex at 147 E. King St, available just around the corner (ID 22108989).
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Johnson
    State
    Indiana
    Longitude
    -86.054193
    Latitude
    39.483384

    FAQs

    What type of property is this?
    Quadplex - Four-unit quadplex with all units leased, each offering one bedroom and one full bath.
    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 $335,000.
    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
    More about this property
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