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Historic 5-Unit Apartment Building
For Sale
$399,900

929 Franklin Street, Columbus, IN 47201

Residential Income, Columbus, IN

Property SizeContact for details
Lot Size0.11 Acres
Days on Market128

Property Features for 929 Franklin Street

General Information

Property type Residential Multi Family
Property subtype Other
Rooms Basement
Basement Full
Subdivision No Subdivision
Lot features Corner Lot, Sidewalks
Elementary school Lillian Schmitt Elementary School
Middle school Central Middle School
High school Columbus North High School
Elementary school district Bartholomew Con School Corp
Middle school district Bartholomew Con School Corp
High school district Bartholomew Con School Corp
Directions GPS Friendly
Standard status Active
APN 039524420012400005
Lot size 0.11 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Irwins 3rd - Pt Lot 197 Mp 095.0000109.0000
Legal Description Irwins 3rd - Pt Lot 197 Mp 095.0000109.0000

Building Details

Year built 1890
Floors in Building 2
Number of units 5
Roof type Asphalt
Architectural style Craftsman
Listing Agency: RE/MAX Professionals · RE/MAX International
Listed By: Steve Silver · License #RB14010813
Added: Apr 28 Changed: Aug 28 Last Checked: Sep 2 at 12:06AM
MLS# 22095668

Copyright © 2026 Broker Listing Cooperative®. 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.

Built in 1890, this five-unit apartment property has a Craftsman architectural style and a mix of residential layouts. Each unit includes living space, bedrooms, and a kitchen, while separate utilities support distinct unit operations. The building also includes a basement, an asphalt roof, and systems that have received maintenance attention.

The property occupies 0.11 acres at 929 Franklin Street in downtown Columbus, Indiana. Shopping, dining, schools, and major roadways are identified in the surrounding area, providing access to everyday services and transportation routes. Its five-unit configuration and individual utility setup create a clearly defined multifamily asset with established physical characteristics.

Key Highlights

  • Five‑unit apartment building constructed in 1890
  • Separate utilities serve the individual units
  • Craftsman architectural style with asphalt roof

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Pharmacy (Bike/Boat/Book/etc) Store Butcher Veterinary Clinic Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

1,013
Businesses Nearby

Demographics for 47201, IN

45,969
Population
20,924
Households
2.2
Avg Household Size
36
Median Age
36%
College-Educated
92%
High-School Grad
201.2 sq mi
ZIP Area
228
Density / Sq Mi
$82,667
Median Household Income
$46,243
Median Earnings
$1,159
Median Rent
$217,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Craftsman-style multifamily property with separate utilities, practical unit layouts, and basement space.
Where is this apartment building located?
The property is located at 929 Franklin Street Columbus, IN.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Five‑unit apartment building constructed in 1890; Separate utilities serve the individual units; Craftsman architectural style with asphalt roof
More about this property
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