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275 E Madison Street

Franklin, IN 46131

ActiveListed Jul 24, 2026 · 49 days on market

Key facts

Lot
0.13 acres
Year built
1910
Type
Residential Income · Duplex
Stories
Two
Garage
1 space
MLS #
22116144
County
Johnson
Subdivision
Hicks & Beard

About this home

Excellent opportunity to own a well-maintained duplex on a prominent corner lot just blocks from historic downtown Franklin and Franklin College. Each unit offers approximately 1,100+ square feet with 2 bedrooms, 2 baths, spacious living room with fireplace, large kitchen, hardwood floors, charming built-ins, and a full unfinished basement providing abundant storage and laundry space. Separate entrances, off-street parking, and a detached two-car garage add convenience for both residents and owners. Whether you're expanding your investment portfolio or looking to owner-occupy one unit while generating rental income from the other, this property offers outstanding flexibility. Enjoy easy access to Franklin's award-winning downtown filled with local restaurants, coffee shops, boutiques, festivals, and entertainment, along with nearby parks, trails, and Franklin College. Conveniently located near US-31 and I-65 for an easy commute to Indianapolis, this is a rare opportunity to own a classic duplex in one of Johnson County's most desirable communities.

Description provided by the listing brokerage.

Interior

Basement
Unfinished
Laundry
In Basement
Security
Smoke Detector(s)

Exterior

Exterior features
Lighting
Roof
Shingle
Construction
Vinyl SidingShingle Siding
Foundation
Block
Style
Traditional
Parking and garage
Detached
View
DowntownNeighborhood

Systems

Heating
Forced AirNatural Gas
Cooling
Central Air

Lot and HOA

Lot features
AccessCurbsNot In SubdivisionMature Trees

Schools

Middle school
Franklin Community Middle School
High school
Franklin Community High School
School district
Franklin Community School Corp

Taxes

Estimated annual tax
$5,490 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$2,555per month, estimated
Principal and interest $1,961Property tax $458Insurance $136
20% · $77,800
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$389,000
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