27-Unit Multifamily
For Sale
Contact for pricing
248 North Main Street, Franklin, IN 46131
The residential portfolio spans multiple properties in Franklin, Indiana, with every unit leased under a fixed-term agreement.
Property SizeContact for details
Days on Market11
Property Features for 248 North Main Street
General Information
Standard status
Active
Property subtype
Multifamily
Occupancy
100%
Financials
Asking Price
$3,000,000
Gross Income
$318,249
Additional Details
Multifamily Units
27
Building Details
Buildings
12
Listing Agency:
The Phalanx Team
Listed By:
Reggie Jackson · License #RB22000730
Source:
Crexi
Added: Sep 17
Changed: Sep 26
Last Checked: Sep 26 at 6:20AM
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 The Phalanx Team
Investment Insights
Based on property information with market context.
This multifamily offering combines 12 properties containing 27 residential units in Franklin, Indiana. Each unit is currently leased under a fixed-term agreement, and the portfolio is presented with a 9.40% pro forma capitalization rate. The assets are offered together as a single portfolio.
Key Highlights
- 27 residential units across 12 properties
- All 27 units are leased under fixed‑term agreements
- 9.40% pro forma capitalization rate
Property Analytics
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Current Use
Lease Details
27
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
858
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Multifamily property - The residential portfolio spans multiple properties in Franklin, Indiana, with every unit leased under a fixed-term agreement.
Where is this multifamily property located?
The property is located at 248 North Main Street Franklin, IN.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 27 residential units across 12 properties; All 27 units are leased under fixed‑term agreements; 9.40% pro forma capitalization rate
