About Home value Property history Market statistics Schools Neighborhood Places of interest

Exterior
Other
Bath
Bedroom
Living
Kitchen

409 Franklin St, Delphi, IN 46923

$230,150
Last sold 05/02/2026
5
bed
3
bath
1,932
Sqft

Multi-family not for sale

Learn about Delphi's top local Real Estate agents

About 409 Franklin St

Property type Multi-family

Neighborhood

Year built 1959

HOA fee $0/month

Lot size 7,187 Sqft

Movoto estimate

Parking 5 garage spaces

Property 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 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.

Listed by

Listing Agent - Judith Wilson

Listing Agent Contact: Agt: 765-564-9822

Listing Office - Joan Abbott Real Estate

Source: IRMLS

MLS#202609260 • last updated 1 month ago

Movoto checked IRMLS for data 12 minutes ago

Overview
Cooling/AC	Central Air
Heating	Electricity, Forced Air
Levels/Style	2, Two Story, Traditional
Status	Sold
MLS #	202609260
Virtual Tour	N/A
Type	INVESTMENT
SubType	Triplex
SqFt (Total)	2668
SqFt (Finished)	1932
Lot Size (SqFt)	7187
L:ot Size (Acres)	0.165
Property Taxes	4846.96
Foreclosure (Y/N)	No
Year Built	1959
Short Sale (Y/N)	No
HOA Fees $	Not Applicable
Number of Units	3

Interior
Total # Bathrooms	3
# Full Baths	3
Total # Bedrooms	6
Basement	Block, Stone
Flooring	Vinyl Tile

Exterior
Roof	Asphalt
Exterior	Vinyl
Basement/ Foundation	Crawl, Partial Basement
Driveway	Gravel
Parking	Gravel, Off Street, Street, Other
Lot Dimensions	60x120
Other Structure(s)	None
Sea Wall Type	None
Lot Desc	Level

Amenities / Utilities
Sewer	City
Water	None, City, Other
Electricity	Duke Energy Indiana
Gas	None
Amenities	Off Street Parking, Cable Ready, Countertops-Laminate, Detector-Smoke, Landscaped, Water Heater Electric

Location
Location	City/Town/Suburb
Area	Carroll County
Subdivision	None
High School	Delphi
Middle School	Delphi Community
Elementary School	Delphi Community
School District	Delphi Community School Corp.
APN	08-06-29-011-068.000-007
Waterfront Y/N	No
Directions	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.

Multifamily Details
Owner Pays	Building Insurance, Lawn Maintenance, Sewer, Tax, Water
Tenant Pays	Cable, Electric
Annual Net Income	22434.04
Expense: Maintenance	400
Gross Monthly Rent $	2600
Annual Gross Rent $	31200