409 E Franklin St

1,932 Sq. Ft.
$132 / Sq. Ft.
1,932
Sq. Ft.
$132
per Sq. Ft.

Description

Investor Opportunity! Fully leased triplex located within walking distance of downtown Delphi. Property includes three income-producing units, all with leases in place into 2027. Tenants pay their own electric. Unit 409: Currently used as a daycare. This unit could easily be converted to a 3-bedroom apartment. Unit 413: 1-bedroom apartment. Unit 407: 2-bedroom apartment. Parking & Storage include 1 garage currently used for storage for day care center, 1 attached carport (1 parking space); 1 detached...Investor Opportunity! Fully leased triplex located within walking distance of downtown Delphi. Property includes three income-producing units, all with leases in place into 2027. Tenants pay their own electric. Unit 409: Currently used as a daycare. This unit could easily be converted to a 3-bedroom apartment. Unit 413: 1-bedroom apartment. Unit 407: 2-bedroom apartment. Parking & Storage include 1 garage currently used for storage for day care center, 1 attached carport (1 parking space); 1 detached carport (3 parking spaces); 1 additional parking space on an open cement slab. With a solid rental history and flexible future use, this makes this a strong addition to any investment portfolio.
  1. Listed by Judith Wilson • Joan Abbott Real Estate • Agt: 765-564-9822

Property Details for 409 East Franklin Street

Style
Two Story
Architectural Style
Traditional
Subdivision
None
Waterfront
No
Water Features
None
Pet Restrictions
Yes
LISTING UPDATED: 03/22/2026 03:31 PM

Property Details for 409 East Franklin Street

StatusActive
MLS #202609260
Days on Market2
Taxes$4,847 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Triplex
Year Built1959
Lot Size0.16 AC / 7,187 SF
CountyCarroll County

Location

Listing Courtesy of Joan Abbott Real Estate
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Building Information for 409 East Franklin Street

Stories2Residences3Year Built1959Building Size-Lot Size0.16 AC / 7,187 SF

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Property Information for 409 East Franklin Street

Summary
Location and General Information
  • Area: Carroll County
  • City: Delphi
  • Zip Code: 46923
  • State: IN
  • Township: Deer Creek
  • Geo Latitude: 41
  • Geo Longitude: -87
  • Fips Code: 18015
  • Directions To Property: Take main street in Delphi going east to Wilson Street. Turn Left on Wilson. Then turn right on Franklin and the house will be on your left in the middle of the block.
  • Sea Wall Type: None
  • Location: City/Town/Suburb
Taxes and HOA
  • Assessed Value $: $241,900.00
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2025 to 2026
  • Parcel Number Id: 08-06-29-011-068.000-007
School Information
  • School District: Delphi Community School Corp.
  • Elementary: Delphi Community
  • Middle School: Delphi Community
  • High School: Delphi
Parking
  • Number Of Parking Spaces: 5
  • Parking: Gravel, Off Street, Street, Other
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Triplex
  • Approx Lot Size Acres: 0.165
  • Lot Dimensions: 60x120
  • Below Grade Unfin Sqft: 736.0
  • Total Square Feet: 2668.0
  • Upper Level Sqft: 1932.0
  • Approx Lot Size Sqft: 7187.0
  • Above Grade Finished Sqft: 1932.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 736.0
  • Total Finished Sqft: 1932.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Level
  • Main Level Sqft: 1932.0
Property and Assessments
  • New Construction: No
  • Year Built: 1959
  • Age: 67
  • Documents Available: LBP Form, Sellers Disclosure, Utility Bill Information
  • Planned Unit Development: No
Green Features
  • Exemptions: No Exemptions
Utilities
  • Cable Company: Other
  • Electric Company: Duke Energy Indiana
  • Gas Company: None
  • Sewer: City
  • Water Company: Other
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Amenities: Off Street Parking, Cable Ready, Countertops-Laminate, Detector-Smoke, Landscaped, Water Heater Electric
  • Driveway: Gravel
  • Exterior: Vinyl
  • Outbuilding: None
  • Platted: Yes
  • Pool: No
  • Roof Material: Asphalt
Interior Features
  • Number of Dishwashers: 1
  • Number of Disposals: 0
  • Number of Dryers: 1
  • Number of Microwaves: 0
  • Number of Ranges/Ovens: 3
  • Number of Refrigerators: 3
  • Number of W/D Hookups: 2
  • Number of Washers: 1
  • Basement Material: Block, Stone
  • Basement: Yes
  • Basement/Foundation: Crawl, Partial Basement
  • Cooling: Central Air
  • Flooring: Vinyl Tile
  • Heating/Fuel: Electricity, Forced Air
  • Stories: 2
  • Number of Above Grade Bedrooms: 3
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 3
  • Total Number of Bedrooms: 6
  • Total Number of Full Baths: 3
  • Total Number of Half Baths: 0
  • Total Baths: 3
  • Number Total Rooms Below Grade: 0
  • Num Of 1 Bedrooms: 1
  • Num Of 2 Bedrooms: 1
  • Num Of 3 Bedrooms: 1
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 0
  • Num of Units Rented: 3
  • Number of Units: 3
Income & Expenses Information
  • Annual Electric Expense: $240.00
  • Annual Fuel Expense: $.00
  • Annual Gross Rent $: $31,200
  • Annual Insurance Expense: $1,479
  • Annual Maint. Expense: $400
  • Annual Misc: $0
  • Annual Net Income: $22,434
  • Annual Property Tax: $4,847
  • Annual Trash Expense: $0
  • Annual Water/Sewer Exp: $1,800
  • Gross Monthly Income: $2,600
  • Gross Monthly Rent: $2,600
Unit Information
Unit 1
  • Unit 1 SqFt: 966
  • Unit 1-Num of Bathrooms: 1
  • Unit 1-Num of Bedrooms: 1
  • Unit 1-Num of Rooms: 3
  • Unit 1-Basement: No
  • Unit 1-Currently Rented: Yes
  • Unit 1-Deposit Amount: $550.00
  • Unit 1-Electric: Tenant
  • Unit 1-Garage Type: Carport
  • Unit 1-Garage: No
  • Unit 1-Garage/Num of Cars: 1
  • Unit 1-Gas: None
  • Unit 1-Laundry Room: None
  • Unit 1-Lease Exp Date: 08-01-2027
  • Unit 1-Level: Upper
  • Unit 1-Rent Frequency: Monthly
  • Unit 1-Unit Number: 413
  • Unit 1-Unit Rent $: $650
Unit 2
  • Unit 2 SqFt: 966
  • Unit 2-Num of Bathrooms: 1
  • Unit 2-Num of Bedrooms: 2
  • Unit 2-Num of Rooms: 4
  • Unit 2-Basement: No
  • Unit 2-Currently Rented: Yes
  • Unit 2-Deposit Amount: $650.00
  • Unit 2-Electric: Tenant
  • Unit 2-Garage Type: Carport
  • Unit 2-Garage: No
  • Unit 2-Garage/Num of Cars: 2
  • Unit 2-Gas: None
  • Unit 2-Laundry Room: None
  • Unit 2-Lease Exp Date: 07-01-2027
  • Unit 2-Level: Upper
  • Unit 2-Rent Frequency: Monthly
  • Unit 2-Unit Number: 407
  • Unit 2-Unit Rent $: $750
Unit 3
  • Unit 3 SqFt: 1932
  • Unit 3-Num of Bathrooms: 1
  • Unit 3-Num of Bedrooms: 2
  • Unit 3-Num of Rooms: 6
  • Unit 3-Currently Rented: Yes
  • Unit 3-Deposit Amount: $.00
  • Unit 3-Electric: Tenant
  • Unit 3-Garage Type: Attached
  • Unit 3-Garage: Yes
  • Unit 3-Garage/Number of Cars: 2
  • Unit 3-Gas: None
  • Unit 3-Laundry Room: Bathroom
  • Unit 3-Lease Exp. Date: 04-30-2027
  • Unit 3-Level: Main
  • Unit 3-Rent Frequency: Monthly
  • Unit 3-Unit Number: 409
  • Unit 3-Unit Rent $: $1,200
Rental
Rental Information
  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Lawn Maintenance, Sewer, Tax, Water
  • Tenant Pays: Cable, Electric

Property History for 409 East Franklin Street

DateEvent & SourcePriceAppreciation
Mar 20, 2026

Listed (Active)

Indiana Regional MLS #202609260

$254,500
Jan 31, 2022

Sold (Public Record)

Public Record #1510383562

$185,000

+67.6% / yr

Feb 13, 2020

Sold (Public Record)

Public Record #1363213719

$67,000
Feb 13, 2020

Sold

Indiana Regional MLS #202002474

$67,000
Jan 31, 2020

Pending

Indiana Regional MLS #202002474

Jan 20, 2020

Listed (Active)

Indiana Regional MLS #202002474

$74,900
May 16, 2019

Expired

Indiana Regional MLS #201846422

Oct 15, 2018

Listed (Active)

Indiana Regional MLS #201846422

$79,500
Sep 2, 2010

Expired

Indiana Regional MLS #300732

Sep 1, 2010

Expired

Indiana Regional MLS #20071077

Jun 7, 2010

Listed (Active)

Indiana Regional MLS #300732

$89,000
Nov 20, 2009

Listed (Active)

Indiana Regional MLS #20071077

$89,000
DateEvent & SourcePrice
03/20/2026

Listed (Active)

Indiana Regional MLS #202609260

$254,500
01/31/2022

Sold (Public Record)

Public Record #1510383562

$185,000

+67.6% / yr

02/13/2020

Sold (Public Record)

Public Record #1363213719

$67,000
02/13/2020

Sold

Indiana Regional MLS #202002474

$67,000
01/31/2020

Pending

Indiana Regional MLS #202002474

01/20/2020

Listed (Active)

Indiana Regional MLS #202002474

$74,900
05/16/2019

Expired

Indiana Regional MLS #201846422

10/15/2018

Listed (Active)

Indiana Regional MLS #201846422

$79,500
09/02/2010

Expired

Indiana Regional MLS #300732

09/01/2010

Expired

Indiana Regional MLS #20071077

06/07/2010

Listed (Active)

Indiana Regional MLS #300732

$89,000
11/20/2009

Listed (Active)

Indiana Regional MLS #20071077

$89,000

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

Public Records for 409 East Franklin Street

Taxable ValueLand$15,500Additions$226,400Total$241,900
Tax Record2024$4,288 ($357 / month)
Home Facts
Baths4Total Finished SqFt5,336 SqFtAbove Grade Finished SqFt4,600 SqFtFinished Basement SqFt736 SqFtStories2Lot Size7,187 SqFtStyleTriplexYear Built1836Year Renovated1959CountyCARROLLAPN08-06-29-011-068.000-007

Schools near 409 East Franklin Street

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

Delphi Community Middle School
Public6 to 8

Delphi 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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409 East Franklin Street is a multi-family home for sale in Delphi, IN 46923. This property was listed for sale on March 20, 2026 by Joan Abbott Real Estate, it's currently listed at $254,500. It has been on the market for a total of 2 days and was last sold on January 31, 2022. This listing's school district is Delphi Community School Corp. Nearby schools include Delphi Community Elementary School, Delphi Community Middle School and Delphi Community High School. 409 East Franklin Street is a 6-bed, 3-bath, 1,932 sqft multi-family home built in 1959.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Joan Abbott Real Estate

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.