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Updated Duplex with Separate ADU
New
For Lease
$269,900

149 Cincinnati Street, Franklin, IN 46131

Two distinct living spaces offer flexibility for guests, household use, workspace, or potential rental income.

Space SizeContact for details
Days on Market6

Property Features for 149 Cincinnati Street

General Information

Standard status Active
Property subtype Commercial

Building Details

Year Built 1910
Listing Agency: Bif Ward Real Estate Group
Listed By: Bif Ward
Source: Bifward
Added: Sep 21 Changed: Sep 23 Last Checked: Sep 24 at 6:43AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bif Ward Real Estate Group

Investment Insights

Based on property information with market context.

This 1,353-square-foot duplex, built in 1910, includes a refreshed main residence and a separate 1-bedroom, 1-bath ADU at 360 Richey St. Recent improvements to the primary home include new paint, carpeting, plumbing, and electrical systems. The second living space provides added flexibility for guests, extended family, a home office, or potential rental use.

The property is within walking distance of downtown Franklin, with restaurants, shops, community events, and the historic Artcraft Theatre nearby. Franklin College, parks, and other community amenities are also close, while access to major routes connects the property with Indianapolis and Johnson County. The Franklin Active Adult Center is approximately 440 feet away.

Key Highlights

  • Separate 1‑bedroom, 1‑bath ADU at 360 Richey St
  • 1,353‑square‑foot duplex built in 1910
  • Main residence updated with paint, carpet, plumbing, and electrical work

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Garden Center HVAC Service Carpet & Flooring Store Locksmith (Bike/Boat/Book/etc) Store Catering Service

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

859
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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?
Duplex - Two distinct living spaces offer flexibility for guests, household use, workspace, or potential rental income.
Where is this duplex located?
The property is located at 149 Cincinnati Street Franklin, IN.
What is the lease rate?
The lease rate is $269,900.
What are key features of this property?
This property features: Separate 1‑bedroom, 1‑bath ADU at 360 Richey St; 1,353‑square‑foot duplex built in 1910; Main residence updated with paint, carpet, plumbing, and electrical work
More about this property
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