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.
Sold
$200,000
550 Howe St, Franklin, IN 46131
2beds
2baths
--sqft
Multi Family, Duplex
Built in 1967
-- sqft lot
$170,300 Zestimate®
$--/sqft
$1,432 Estimated rent
Home value
$170,300
$162,000 - $179,000
$1,432/mo
Zestimate® history
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$1,135/mo
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Zillow last checked: 8 hours ago
Listing updated: December 19, 2025 at 10:28am
Listing Provided by:
Debra Brown-Nally 317-847-5830,
Carpenter, REALTORS®,
Mark Nally 317-440-5085,
Carpenter, REALTORS®
Bought with:
Valerie Edwards - Perry
CENTURY 21 Scheetz
Source: MIBOR as distributed by MLS GRID,MLS#: 22075817
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
Heating
- Forced Air, Natural Gas
Appliances
- Laundry: Laundry Closet
Property
Parking
- Details: Unit Parking(On Street, Other)
Features
- Levels: One
- Stories: 1
Lot
- Size: 3,484 sqft
- Features: Access
Details
- Parcel number: 410814014022001009
- Special conditions: As Is,Needs Updating
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Multi Family, Duplex
Materials
- Brick
- Foundation: Crawl Space, Block
Condition
- New construction: No
- Year built: 1967
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Franklin
- Subdivision: Hamilton & Oyler
Price history
| Date | Event | Price |
|---|---|---|
| 12/18/2025 | Sold | $200,000+14.3% |
Source:  MIBOR as distributed by MLS GRID #22075817 Report a problem | ||
| 12/9/2025 | Pending sale | $175,000 |
Source: MIBOR as distributed by MLS GRID #22075817 Report a problem | ||
| 12/4/2025 | Listed for sale | $175,000 |
Source: MIBOR as distributed by MLS GRID #22075817 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,247 +16.8% | $115,200 +14.1% |
| 2023 | $1,925 +8.4% | $101,000 +17% |
| 2022 | $1,775 +23.8% | $86,300 +8.4% |
Find assessor info on the county website
Neighborhood: 46131
Nearby schools
GreatSchools rating
- 8/10Webb Elementary SchoolGrades: PK-4Distance: 0.7 mi
- 6/10Franklin Community Middle SchoolGrades: 7-8Distance: 0.8 mi
- 6/10Franklin Community High SchoolGrades: 9-12Distance: 2.9 mi
Schools provided by the listing agent
- Middle: Franklin Community Middle School
- High: Franklin Community High School
Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$170,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$170,300
- Indiana
- Johnson County
- Franklin
- 46131
- 550 Howe St