Sold
Last Sold Price

550 Howe St, Franklin, IN 46131

Multi FamilyProperty Type
0.08 acresLot Size
1967Year Built

Description

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...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.
  • Listed by: Debra Brown-Nally 317.738.3737 dbrownnally@callcarpenter.com • Carpenter, REALTORS®
  • Listed by: Mark Nally 317.440.5085 tnallyrealty@gmail.com • Carpenter, REALTORS®
Listing closed: 12/18/2025 12:00 AM • Source: MIBORMLS, MLS#: 22075817
See It First™ on Compass

Find homes before they're listed on other real estate sites.

Start your search

Recent comparable sales

Median sold price

$238,000

Avg days on market

53

Sale-to-list ratio

89.3%

Franklin, IN

9 comparable properties found

$175,000 | 149 Yandes Street, Franklin, IN 46131
1/4
1

$175,000

Sold 10/27/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.08
Acres
$270,000 | 303 West Jefferson Street, Franklin, IN 46131
1/41
2

$270,000

Sold 05/22/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.2
Acres
$277,500 | 298 North Water Street, Franklin, IN 46131
1/2
3

$277,500

Sold 09/29/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.15
Acres
4

$219,700

Sold 05/13/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
7.49
Acres
$1,600,000 | 1410 East Jefferson Street, Franklin, IN 46131
1/20
5

$1,600,000

Sold 07/29/26

Unavailable
Bedrooms
Unavailable
Bathrooms
15,568
Square Feet
1.65
Acres
6

$238,000

Sold 12/12/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.32
Acres
$185,000 | 0 West State Road 44 (lot 2a), Franklin, IN 46131
1/21
7

$185,000

Sold 10/01/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
4.27
Acres
$360,000 | 1049-1051 Taurus Court, Franklin, IN 46131
1/38
8

$360,000

Sold 08/22/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.27
Acres
$162,500 | 2 Cr 100 W West, Franklin, IN 46131
1/3
9

$162,500

Sold 02/13/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
2
Acres

Location

Listing Courtesy of Carpenter, REALTORS®

Sold By CENTURY 21 Scheetz

Add your commute
Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$1,280 per month

30 year fixed, 7.03% Interest

Principal and Interest

$1,068

Property Taxes

$212

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.
Know your buying power with a preapproval and custom rate in minutes
Rocket Mortgage1

Property Information for 550 Howe Street

Property Details

  • Taxes: $1,274 semi-annually
  • MLS Type: Residential Income / Duplex
  • Architectural Style: Ranch
  • Subdivision Name: Hamilton & Oyler
  • Township: Franklin

Building Information

  • Residences: 2
  • Year Built: 1967
  • Lot Size: 0.08 AC / 3,484 SF

Summary

Location and General Information
  • City: Franklin
  • County Or Parish: Johnson
  • Directions: GPS Friendly
  • Postal Code: 46131
  • Postal Code Plus4: 1502
  • Road Access: Not Applic
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 410814014022001009
  • Semi Annual Property Tax Amt: 1274
  • Tax Exemption: None
  • Tax Year: 2024
  • TaxLot: 159
School Information
  • High School: Franklin Community High School
  • Middle Or Junior School: Franklin Community Middle School
  • School District: Franklin Community School Corp
Owner
  • Owner Pays: Taxes, Sewer

Property

Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Residential
  • Lot Description: Access
  • Lot Size Square Feet: 3441.0
  • Lot Size Acres: 0.08
  • New Construction: False
  • Structure Type: Duplex
  • Year Built Numeric: 1967
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: No
  • DPRYN: Yes
  • Legal Subdivision: Hamilton & Oylers Add E Pt Lot 159 Mp Franklin Communi
  • Photos Count: 12
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Transaction Type: Sale
  • Buyer Financing: Other
Utilities
  • Solid Waste: Yes

Interior and Exterior Features

Exterior Features
  • Construction Materials: Brick
  • Foundation Details: Crawl Space, Block
Interior Features
  • Heating: Forced Air, Natural Gas
  • Levels: One
  • Laundry Features: Laundry Closet

Multi Family

Multi-Family Information
  • Total Units: 2
  • Garage Parking: On Street, Other
Income & Expenses
  • Expenses: 0
  • Gross Income: $9,120.00
Unit 1
  • Unit Kitchen: 10x10
  • Unit Levels: 1
  • Unit Miscellaneous: Eat In Kitchen,Range/Oven
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Fuel Gas,Heat Forced,Hot Wtr Gas
  • Unit Type Type: 1 Bedroom
Unit 2
  • Unit Kitchen: 10x10
  • Unit Levels: 1
  • Unit Miscellaneous: Eat In Kitchen,Range/Oven
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Fuel Gas,Heat Forced,Hot Wtr Gas
  • Unit Type Type: 1 Bedroom

Rental

Rental Information
  • Tenant Pays: Cable TV, Electricity, Gas, Water

Property History for 550 Howe Street

DateEvent & SourcePriceAppreciation
Dec 18, 2025

Sold (Public Record)

Public Record #1925321097

$200,000—
Dec 18, 2025

Sold

MIBORMLS #22075817

$200,000—
Dec 9, 2025

Pending

MIBORMLS #22075817

—
DateEvent & SourcePrice
12/18/2025

Sold (Public Record)

Public Record #1925321097

$200,000
12/18/2025

Sold

MIBORMLS #22075817

$200,000
12/09/2025

Pending

MIBORMLS #22075817

—

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

Public Records for 550 Howe Street

Taxable Value

Land

$8,200

Additions

$128,200
Total$136,400

Tax Record

2025

$3,023 ($252 / month)

Home Facts

Baths

2

Total Finished SqFt

1,353 SqFt

Above Grade Finished SqFt

1,353 SqFt

Stories

1

Lot Size

3,441 SqFt

Style

Duplex

Year Built

1967

Year Renovated

1967

County

JOHNSON

APN

41-08-14-014-022.001-009

Schools near 550 Howe 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.

Similar Homes

New listings in 46131

$224,900 | 136 Washington Street, Franklin, IN 46131
1/47
New

$224,900

4
Bedrooms
1,906
Square Feet
0.19
Acres
$219,900 | 80 Bryant Court, Franklin, IN 46131
1/23
New

$219,900

3
Bedrooms
925
Square Feet
0.17
Acres
$249,000 | 4016 Dogwood Lane, Franklin, IN 46131
1/53

$249,000

3
Bedrooms
1,200
Square Feet
0.18
Acres
$335,000 | 1244 Crabapple Road, Franklin, IN 46131
1/36

$335,000

4
Bedrooms
2,034
Square Feet
0.17
Acres
$85,000 | 62 South Edwards Street, Franklin, IN 46131
1/8

$85,000

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.17
Acres
$369,900 | 1598 Thornburg Lane, Franklin, IN 46131
1/42

$369,900

3
Bedrooms
2,045
Square Feet
0.3
Acres
$355,000 | 942 Ram Drive, Franklin, IN 46131
1/22

$355,000

4
Bedrooms
2,909
Square Feet
0.21
Acres
$250,000 | 130 Brookside Court, Franklin, IN 46131
1/50

$250,000

3
Bedrooms
1,463
Square Feet
0.52
Acres
$275,000 | 1615 Younce Street, Franklin, IN 46131
1/40

$275,000

3
Bedrooms
1,225
Square Feet
0.39
Acres

Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 550 Howe Street, Franklin, IN 46131
$200,000
–
–
–
3,484
–
–
2
2,219
7,797
$96,000
2
2,148
7,840
$40,000
3
1
1,496
7,797
$86,000
4
1,976
7,840
$95,000
3
1,720
7,801

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Carpenter, REALTORS®

Based on information submitted to the MLS GRID as of 12/19/2025 01:28 PM. 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.