Browse All Franklin IN Multi-Family Properties for Sale

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.

275 E Madison Street, Franklin

$350,000

22114468 MLS

Discover a unique opportunity at 1029/1033 Wild Ivy TRL in FRANKLIN, IN. Option #1:Live in one unit, rent the other unit for extra income. Option #2: Both units are currently rented, so you can immediately start collecting rent. This property features a classic ranch architectural style, providing a comfortable and accessible living arrangement. Each unit includes an attached garage, adding convenience and secure parking for residents. This duplex presents a versatile living solution with its appealing ranch design and practical amenities. Inquire today to explore the possibilities this property offers.

1029/1033 Wild Ivy Trail, Franklin

$324,900

22109011 MLS

Investors! Check out this 4-unit multifamily property at 298 N. Water St Franklin IN. All units are currently leased, providing immediate income and stable cash flow. Each unit is a 1 bedroom with 1 full bath. This property benefits from strong demand for affordable, well located housing in the increasingly popular downtown Franklin IN market. Seller prefers to sell with the 4-plex located at 147 E. King St ( 22108989 ) just around the corner.

298 N Water Street, Franklin

$299,000

22108989 MLS

Investors! Check out this 4-unit multifamily property at 147 E. King St Franklin IN. All units are currently leased, providing immediate income and stable cash flow. Each unit is a 1 bedroom with 1 full bath. This property benefits from strong demand for affordable, well located housing in the increasingly popular downtown Franklin IN market. Seller prefers to sell with the 4-plex located at 298 N. Water St ( 22109011 ) just around the corner.

147 E King Street, Franklin

$270,000

22096668 MLS

Incredible investment opportunity to own a 1,302 square foot duplex in Historic Downtown Franklin. Each unit, both A & B, features 1 bedroom, 1 bathroom, full kitchen, washer & dryer hook ups and private porches. Unit A overlooks Jefferson Street & Unit B overlooks Franklin's Amphitheatre & Young's Creek Park. The roof on this home was replaced in 2025. Fresh paint throughout. Off street private parking for tenants! This duplex is virtually maintenance free, as all the work has been done for you! It's ready to rent to your tenants! Enjoy Franklin's Greenway Trail almost outside your door and being in walking distance to all the shops and restaurants Downtown Franklin has to offer! Gas and electric utilities are on separate meters. Owner paid for DPW when the units were occupied. Seller wanted vacancies for an easier sell!

303 W Jefferson Street, Franklin

$1,600,000

31 Beds ⋅ 16 Baths ⋅ 202610440 MLS

Nestled in the heart of Franklin, 1410 E Jefferson Street presents a well-maintained and fully occupied 16-unit investment opportunity comprised of two attractive brick buildings, each containing 8 spacious apartments. Many units have been recently updated with vinyl plank flooring, and each unit features a functional floorplan with a large private patio or balcony, enhancing overall tenant appeal. A common area laundry facility is available for tenant use, providing an additional income stream. The buildings are thoughtfully positioned across from one another, with a large central parking lot offering approximately 40 spaces. Tenants are responsible for all utilities. With consistent rental demand in the Franklin market, this asset presents a compelling opportunity for both stable in-place income and immediate upside, making it an ideal addition for investors seeking a balance of manageability and portfolio growth. Financials available upon request. Seller financing offers will not be considered.

1410 E Jefferson Street, Franklin

$200,000

22075817 MLS

All Brick, 2-Unit Apartment. Each unit features 1 bedroom and 1 bathroom. Good Investment property. Vacant unit has been refreshed with new paint, flooring, and kitchen appliances. Current Income: $850/Unit/Month. Owner Pays: Sewer. Home is currently approved for HUD Section 8 Housing. Unit 1 is only available for showing during an open house on Sunday, 12/7, from 2:00 - 4:00. Unit 2 can be viewed any time. Multiple offers received. Seller has called for highest and best with a deadline for all offers to be submitted by noon on Monday, 12/8, with a response deadline of noon on Tuesday, 12/9.

550 Howe Street, Franklin

$345,750

22068369 MLS

1063 and 1065 Wild Ivy Dr. - This is a fantastic opportunity to own a well-maintained duplex in the heart of Franklin - ideal for investors or owner-occupants seeking rental income and future equity growth. Both sides feature 2 bedrooms, 2 full baths, attached garages, and identical single-level floor plans with approximately 1,000 sq ft per unit. Unit 1063 has been recently updated with new flooring, cosmetic finishes, and new mechanicals - furnace, A/C, and water heater all replaced in 2024. Unit 1065 is in great condition with a 2018 water heater and 2021 HVAC system. Both share a 4-year-old roof and new garage doors, ensuring low maintenance for years to come. Each side is tenant-occupied on month-to-month leases, offering flexibility for the new owner. Current rents of $1,000 and $1,100 have room to grow, with market comps between $1,200-$1,400 per month. 2025 Comps in the neighborhood show individual sides selling around $200,000 each, creating a significant equity opportunity if the properties were ever sold separately in the future. Located near walking trails, schools, and downtown Franklin amenities, this duplex offers steady income, strong upside, and multiple exit strategies. Schedule your private tour today and secure this cash-flowing, equity-building asset.

1063 Wild Ivy Trail, Franklin

$175,000

22063350 MLS

Nice two story property with two units located within walking distance to downtown Franklin. Unit on main level offers one bedroom, living room, bathroom and kitchen. The upstairs unit offers 2 bedrooms, living room, kitchen and bathroom. Hardwood floors in most rooms on main level, upper level has laminate flooring. Each unit has their own furnace/ac. Bathrooms need updating. Appliances that are in place are included, but not warranted.

149 Yandes Street, Franklin

$395,000

22056982 MLS

Hard to find Ranch Duplex in Franklin w/ 3BR/2BA and 2 car attached garage per side. Each unit w/ 1220 sq ft(+/-). Unit 1052 has long time tenants on month to month at $1000 per month. Unit 1050 owner occupied w/ owner needing 3 month lease term post close at $1200 per month. Avg rents in area look to be $1400-1500 per mon. All utilities paid by tenants. Living rooms w/ vaulted ceilings. Kitchen w/ all appliances staying. Split BR floor plan.

1050 Wild Ivy Trail, Franklin

$360,000

22045998 MLS

Discover the inviting duplex located at 1049-1051 Taurus Ct, Franklin, IN. Nestled in thriving Johnson County, this exceptional two-story duplex offers the best of both worlds-comfortable homeownership and incredible investment potential. Built in 2013 and set on a generous 11,892 square foot lot, this well-maintained property offers plenty of room for outdoor living, play, or future landscaping dreams. Whether you're looking to live in one unit while renting out the other or expand your investment portfolio, this duplex provides a smart and flexible opportunity for long-term growth. Each side of the duplex is thoughtfully designed for comfortable modern living, with spacious layouts, contemporary finishes, and separate utilities-ideal for tenants or multigenerational households. Franklin, IN is a small town with big momentum. Located just south of Indianapolis, Franklin boasts a vibrant downtown filled with locally owned shops, restaurants, and community events. Families are drawn to the highly-rated Franklin Community School Corporation, while professionals appreciate easy access to I-65 for commuting convenience. The town's continuous growth makes this property a valuable asset in an appreciating market. Whether you're dreaming of homeownership with supplemental income or ready to invest in a property with proven potential, 1049-1051 Taurus Ct invites you to explore the possibilities. With its prime location, solid construction, and flexible living options, this duplex is more than just a home-it's a smart step toward your future. The property is currently vacant. The expenses are zero as yours may vary. Deer Run HOA; $480 per unit per year.

1049-1051 Taurus Court, Franklin

$270,000

21986146 MLS

Discover a versatile property in Franklin offering three distinct units, each tailored for living and exceptional investment potential. This property is perfect for investors seeking to maximize rental income or homeowners interested in strategic house hacking. Enjoy privacy and convenience in the vacant lower-level 2 bedroom apartment, complete with its own laundry room and separate utilities. Ideal for tenants seeking comfortable, independent living. Ascend to the upper-level apartment, featuring a layout that includes a formal dining room. This unit provides a galley kitchen, living areas, and convenient laundry facilities, making it an attractive option for tenants. A unique addition, the detached garage has been transformed into an apartment with dedicated laundry amenities, and a versatile layout. With two units already leased and separate meters for electric and gas, this property offers immediate cash flow and the flexibility for house hacking. Conveniently located within walking distance to downtown Franklin, there is easy access to local shops, dining options, and entertainment venues. Quick access to U.S. 31 and direct routes to I-65 ensures effortless commuting and travel, enhancing the property's appeal to both tenants and future buyers. This property not only offers a prime location but also multiple revenue streams and the adaptability to suit various investment strategies. Seize this exceptional opportunity to own a multifaceted property in Franklin's thriving market. Whether you're expanding your investment portfolio or exploring strategic owner-occupied options, this property promises both immediate returns and long-term value.

452 W Adams Street, Franklin

$460,000

21971404 MLS

Great Investment Opportunity! 4200 sq feet home divided into 4 apartments in the heart of downtown Franklin. Two doors down from Main & Madison, this building is fully rented and all tenants have expressed their wish to stay. Owner has remodeled interior and exterior, new electric, new plumbing, new water heaters, roof is 10 years old, new wooden staircase out back. There are 6 parking spaces available behind the building. The ground floor could be re-designed as your living space, with two rental apartments above. Or keep all 4 units! Units A & B are on lower level. Units C & D are on upper level. A & C have 2 bedrooms. D is also a 2 bedroom, but has the capability of being a 3 bedroom. Unit B has 1 bedroom.

50 W Madison Street, Franklin

$160,000

21943463 MLS

Attention Investors! Currently there is a renter in unit 1 and unit 2 most all that is need to finish. Unit 3 is currently being used for storage. Unit one has 2 bedrooms, bathroom, laundry area and living room. Unit two has 1 bedroom, and was currently being renovated. Conveniently located, this would be a great investment for the right person

750 N Forsythe Street, Franklin

$200,000

21910026 MLS

Multi-family home located two blocks from downtown Franklin at end of cul-de-sac in quiet residential neighborhood. Two sunny porches. Two garages for vehicles/storage. Five parking spots outside. Adult shade trees. Fenced yard, with large pet enclosure and adjacent walk-in pet house. Sturdy storage barn behind home. Shed for lawn/gardening tools. Three yards around the home for children to run/play. Two large kitchens with adjacent dining areas. Two spacious family rooms with broad sunny windows. Two windowed full baths. Two large utility rooms/areas with washer/dryer hookups. Each unit has separate water heaters/softeners/furnace/AC. Large closets in each bedroom. Expansive attic storage area with drop down stairway.

700 Center Street, Franklin

Start Your Search

IDX information is provided by the Indiana Regional MLS and is exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

Last updated

IDX information provided by the Indiana Regional MLS

Franklin Multi-Family Real Estate

Our website features the best real estate search for multi-family properties available in Franklin and surrounding areas. It is the only site you will ever need! It is easy-to-use and updated by the official Realtor®’s database every 15 minutes.

You can save searches, and get daily email alerts of new listings, price changes, sold data, and market reports. Our Interactive Map Search allows you to view properties on a map or refine your search by drawing the boundaries around the area you desire.

Curious about what’s happening in your neighborhood? You can create a custom market report to see what’s active, under contract, and sold in your neighborhood!

Considering selling or refinancing your home? Get an INSTANT property valuation now!