298 N Water St

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Baths
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Sq. Ft.
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per Sq. Ft.

Description

Completely refurbished 4 Unit apartment complex in excellent location in downtown Franklin. Walking distance to shops, restaurants, college. New Roof, Siding, Gutters, New Kitchens in all units, new flooring, New water heater. Nice large porch, 2 apartments are furnished, with washer and dryer. Pride shows in this one! Owner is turning down renters until sold to make showings easy. Immediate calls/renters as soon as sign goes up. There is no sign in yard. Great Curb Appeal !Completely refurbished 4 Unit apartment complex in excellent location in downtown Franklin. Walking distance to shops, restaurants, college. New Roof, Siding, Gutters, New Kitchens in all units, new flooring, New water heater. Nice large porch, 2 apartments are furnished, with washer and dryer. Pride shows in this one! Owner is turning down renters until sold to make showings easy. Immediate calls/renters as soon as sign goes up. There is no sign in yard. Great Curb Appeal !
  1. Listed by Tanya Smythe • Smythe & Co, Inc • tanya@smytherealestate.com

Property Details for 298 North Water Street

Subdivision Name
George Kings Franklin Twp
Township
Franklin
LISTING UPDATED: 01/15/2023 01:50 AM

Property Details for 298 North Water Street

StatusClosed
MLS #21319439
Days on Market97
Taxes$1,437 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Fourplex
Year Built1870
Lot Size0.15 AC / 6,490 SF
CountyJohnson County

Location

Listing Courtesy of Smythe & Co, Inc

Sold By Smythe & Co, Inc

Add your commute

Building Information for 298 North Water Street

Stories-Residences4Year Built1870Building Size-Lot Size0.15 AC / 6,490 SF

Payment Calculator

$1,141 per month

30 year fixed, 6.15% Interest

Principal and Interest

$902

Property Taxes

$240

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 298 North Water Street

Summary
Location and General Information
  • City: Franklin
  • County Or Parish: Johnson
  • Directions: I-65 To Franklin Exit 90 to Water Street to home on corner.
  • Postal Code: 46131
  • Postal Code Plus4: 1799
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 410814042092000009
  • Semi Annual Property Tax Amt: 1437
  • Tax Exemption: Homestead Tax Exemption Filed Not Reflected,Mortgage Tax Exemption Filed Not Reflected
  • Tax Year: 2013
  • TaxLot: 3
Owner
  • Owner Pays: All Utilities, Ins Hazard, Insurance
Virtual Tour
Property
Lot Information
  • Building Information: Storage
  • Lot Description: Sidewalks
  • Lot Size Square Feet: 6482.0
  • Lot Size Acres: 0.149
  • MLS: MIBOR
  • New Construction: False
  • Structure Type: Quadruplex
  • Sq Ft Total: 0.0
  • Year Built Numeric: 1870
  • Living Area Source: Assessor
  • SqFt Total: 0
Property and Assessments
  • Affected by Disclosures: No
  • Circumstances re Sale: none
  • Conversion: Yes
  • Inspection Warranties: Not Applicable
  • Legal Subdivision: KING ADD PT LOT 3
  • Photos Count: 20
  • Property Sub Type: Fourplex
  • Property Type: Residential Income
  • Transaction Type: Sale
  • Buyer Financing: Cash
Utilities
  • Solid Waste: Yes
  • Utilities: Cable Connected, Gas, Sewer Connected, Water Connected
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding
Interior Features
  • Levels: Basement, Two
  • Laundry Features: Connections Some
Room Information
Room Information
  • Rooms MU: 0
  • Rooms Total MU: 0
Bathrooms
  • Bathrooms Full: 0
  • Bathrooms Half: 0
  • Full Baths MU: 0
  • Half Baths MU: 0
Bedrooms
  • Beds MU: 0
  • Bedrooms MU: 0
  • Bedrooms Total: 0
Multi Family
Multi-Family Information
  • Total Units: 4
  • Garage Parking: On Street
Income & Expenses
  • Expenses: 3440
  • Net Operating Income: $25,900.00
  • Gross Income: $29,340.00
Unit 1
  • Unit Kitchen: 15x11
  • Unit Levels: 1
  • Unit Miscellaneous: Disposal,Dryer,Eat In Kitchen,Range/Oven,Refrigrater,Washer
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Wind Unit,Fuel Gas
Unit 2
  • Unit Kitchen: 7x9
  • Unit Levels: 1
  • Unit Miscellaneous: Disposal,Eat In Kitchen,Range/Oven,Refrigrater
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Wind Unit,Fuel Gas
Unit 3
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
Unit 4
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
Rental
Rental Information
  • Tenant Pays: Insurance

Property History for 298 North Water Street

DateEvent & SourcePriceAppreciation
Feb 10, 2026

Expired

MIBORMLS #22073458

—
Feb 10, 2026

Withdrawn

MIBORMLS #22073458

—
Dec 29, 2025

Pending

MIBORMLS #22073458

—
Nov 18, 2025

Listed (Active)

MIBORMLS #22073458

$350,000—
Jan 30, 2015

Sold (Public Record)

Public Record #1120282034

$185,000—
Jan 30, 2015

Sold

MIBORMLS #21319439

$185,000—
Jan 13, 2015

Pending

MIBORMLS #21319439

—
Oct 8, 2014

Listed (Active)

MIBORMLS #21319439

$196,310—
Jul 31, 2009

Expired

MIBORMLS #2903966

—
Jan 23, 2009

Listed (Active)

MIBORMLS #2903966

$130,000—
DateEvent & SourcePrice
02/10/2026

Expired

MIBORMLS #22073458

—
02/10/2026

Withdrawn

MIBORMLS #22073458

—
12/29/2025

Pending

MIBORMLS #22073458

—
11/18/2025

Listed (Active)

MIBORMLS #22073458

$350,000
01/30/2015

Sold (Public Record)

Public Record #1120282034

$185,000
01/30/2015

Sold

MIBORMLS #21319439

$185,000
01/13/2015

Pending

MIBORMLS #21319439

—
10/08/2014

Listed (Active)

MIBORMLS #21319439

$196,310
07/31/2009

Expired

MIBORMLS #2903966

—
01/23/2009

Listed (Active)

MIBORMLS #2903966

$130,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 298 North Water Street

Taxable ValueLand$43,600Additions$230,800Total$274,400
Tax Record2024$5,263 ($439 / month)
Home Facts
Baths4Total Finished SqFt2,930 SqFtAbove Grade Finished SqFt2,930 SqFtStories2Lot Size6,490 SqFtStyleMulti-Family Dwelling (2-4)Year Built1870Year Renovated1985CountyJOHNSONAPN41-08-14-042-092.000-009Fireplace TypeHas Fireplace

Schools near 298 North Water Street

This home is within Franklin Community School Corp.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Northwood Elementary School
PublicPK to 4

Custer Baker Intermediate School
Public5 to 6

Franklin Community Middle School
Public7 to 8

Franklin Community High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Smythe & Co, Inc

Based on information submitted to the MLS GRID as of 01/15/2023 01:50 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for 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. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.