Leased 4-Unit Multifamily
For Sale
$299,000
147 E King Street, Franklin, IN 46131
MULTI_FAMILY - Other - Franklin, IN
Property SizeContact for details
Lot Size0.11 Acres
Days on Market47
Property Features for 147 E King Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
RTN
Rooms
Basement
Exterior features
Balcony, Storage
Basement
Partial, Unfinished
Subdivision
George Kings Franklin Twp
Lot features
Access
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
410814043011000009
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Kings 1st Add Pt Lot 13 (64 Ft Off E End) Mp Franklin Communi
Legal Description
Kings 1st Add Pt Lot 13 (64 Ft Off E End) Mp Franklin Communi
Utilities
Heating system
Hot Water(Heating)
Cooling system
Wall Unit(s)
Building Details
Year built
1930
Floors in Building
2
Number of units
4
Building materials
Vinyl Siding
Roof type
Asphalt
Architectural style
Other
Additional Structures
Storage
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 8:06AM
MLS# 22108989
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 four-unit multifamily property features four separately leased units, and each unit is configured with one bedroom and one full bath. The offering is currently fully occupied, supporting ongoing rental income.
The property is located at 147 E King Street in Franklin, Indiana 46131, in zoning designated RTN. The lot size is listed at 0.11 acres.
The seller prefers to sell this 4-plex together with another property described as located at 298 N Water St (listing reference 22109011), noted as being just around the corner.
The property is located at 147 E King Street in Franklin, Indiana 46131, in zoning designated RTN. The lot size is listed at 0.11 acres.
The seller prefers to sell this 4-plex together with another property described as located at 298 N Water St (listing reference 22109011), noted as being just around the corner.
Key Highlights
- 4‑unit multifamily with all units currently leased for immediate rental income
- Each unit is a 1‑bedroom with 1 full bath
- Exterior features include balcony and storage, with vinyl siding construction
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
139
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four leased units, each with one bedroom and one full bath, in a small RTN-zoned multifamily asset.
Where is this quadplex located?
The property is located at 147 E King Street Franklin, IN.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 4‑unit multifamily with all units currently leased for immediate rental income; Each unit is a 1‑bedroom with 1 full bath; Exterior features include balcony and storage, with vinyl siding construction
