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IDX information is provided exclusively for consumers' personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.
Based on information submitted to the Broker Listing Cooperative listing service as of November 7, 2026 at 12:45 PM EST. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. 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.
Based on information submitted to the MLS GRID as of November 7, 2026 at 12:45 PM EST. 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.
1309 Franklin Street
Columbus, IN
$319,900
Columbus, IN 47201 · George W Coopers Add
MLS# MBR22134772
Listed 1 day ago
Opportunities like this are becoming hard to find in downtown Columbus! Situated on desirable Franklin Street, this well maintained triplex offers a combination of established rental income, recent improvements, low maintenance ownership, and future upside. Situated on a large lot with plenty of room for potential expansion, this property is an outstanding opportunity for investors looking to grow their portfolio in a thriving downtown market. The property features three separate apartments, each with its own private entrance. A spacious one bedroom, a generously sized two bedroom, and a fully functional studio apartment. Both the one and two bedroom units offer over 900 square feet of living space, while the studio provides approximately 480 square feet. Each apartment also has its own private washer and dryer. The property has been consistently cared for, with numerous improvements completed over the years. Major updates include a roof installed in 2021, two of the three HVAC systems updated, refreshed exterior paint, vinyl siding, and metal wrapped windows for added durability and reduced exterior maintenance. Each individual apartment has also received various updates within the past six years, including improvements to paint, flooring, fixtures, and more. From an investment standpoint, the property offers an attractive combination of existing income and flexibility. Two of the three rental agreements are secured with established lease contracts, while the third unit is currently occupied on a month to month basis, providing the new owner flexibility to adjust rental rates and establish their preferred terms. Small multifamily properties that are in good condition in Columbus that offer the potential to qualify for traditional 30 year fixed rate financing are becoming increasingly difficult to find. Don't miss your opportunity to own an income producing triplex on one of downtown Columbus's most desirable streets!
Estimate principal and interest for this listing.
$63,980
Estimated monthly payment
$1,618/mo
Estimate only — not MLS listing data. Does not include taxes, insurance, or other costs. Rates change daily.
Listed by 1 Percent Lists Indiana Real Estate with Dylan Andrew. Contact dandrew@uprightrents.com.
5 Beds • 4 Baths · 3,308 Sq. Ft.
3831 Sycamore Bend Court
Columbus, IN 47203
F.C. Tucker Company