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122 N Washington St, Frankton, IN, 46044

$375,000

Home List Price

$4,453*

Closing Credit

0 Baths
Multi

Location

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122 N Washington St, Frankton$375,000

Buyer Closing Credits

$4,453*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1900
HeatingForced Air, Natural Gas
CoolingCentral Air
BasementYes
MLS #22010109
Lot Size0.11 Acres
StatusActive

About 122 N Washington St

A unique opportunity awaits in this newly renovated mixed-use property, a turn key money-maker! The commercial space spans 2,404 sq ft on the main level, and the apartments on the 2nd level are nearly 2,500 sq ft total. The entire building has new HVAC, electrical, plumbing, windows, and roof! The 3 apartments upstairs all have 2 bedrooms and 1 bathroom, and have all new everything. They are all currently leased for another year, each bringing in $1,000 per month. Each unit has its own gas and electric meter, meaning tenants have full control over their climate and usage needs. The main level space provides a versatile blank canvas ready to be tailored for your business vision. With a solid foundation and recent construction, this space offers flexibility for a wide range of commercial uses, from retail to office space, or even a specialized venue, such as a vet clinic, restaurant, or fitness studio/gym. The bottom level as a commercial space could bring in up to $2,000 per month in rental income. Though currently zoned commercial, the space can be switched to residential, which allows further flexibility in how the space could be used, potentially creating a 4-plex. The building is on a full basement as well, which provides ample space for storage of supplies, inventory, and equipment you may have for your business. Whether you're a business owner looking for a fresh start or an investor seeking a flexible property, this is a rare find with endless potential!

Property Details

Property Features

Property Information:

  • Architectural Style: Multi-Level, Other
  • Year Built: 1900

Listing Office:

  • Office Name: CrestPoint Real Estate
  • Office Email: patrick@CrestPointIndy.com
  • Listing Agent: Patrick Keller

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Exterior Information:

  • Exterior: Not Applicable

Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air

Other

Directions Information:

  • Directions: GPS Friendly

Price Information

Listing Price Info

Price Summary:

  • List Price: $375,000

Tax Information:

  • Annual Amount: $651
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Frankton, IN.

Med. Sold Price

$226.2K

Med. Price/SqFt

$156

Avg. Days On Market

137

# of Sold Homes

2

122 N Washington St vs Frankton

39 DAYS ON ROCKET

-98 Days

$375,000

+$148.7K More

KEY TAKEAWAY

This property is $148.7K more than the Median Sold Price in Frankton, IN.

Based on homes sold in November 2024

MLS Details

MLS Information:

  • MLS Name: MIBOR
  • MLS Number: #22010109

Listing Office:

  • Office Name: CrestPoint Real Estate
  • Office Email: patrick@CrestPointIndy.com
  • Listing Agent: Patrick Keller

IDX Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.

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.

Copyright ©2024 MIBOR REALTOR® Association. All rights reserved. Information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information submitted to the Broker Listing Cooperative listing service. All information provided is deemed reliable but is not guaranteed and should be independently verified. 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.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 9:16:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$651$23,200
2019$805$21,700
2017$380$25,000

History based on county public records data.

Payment Calculator

$1,939

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,191

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-794868
6
/10
  • Frankton Elementary School

  • 1303 Sr 128 W

  • 0.95 miles

  • Public District Grades PK-6

school-card-donut-794869
3
/10
  • Elwood Intermediate School

  • 1207 N 19th St

  • 5.44 miles

  • Public District Grades 3-6

school-card-donut-794870
6
/10
  • Alexandria Monroe Elementary School

  • 308 W 11th St

  • 5.69 miles

  • Public District Grades PK-6

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $60,211. Residents of Frankton, IN typically earn between $35k-100k each year. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas


Rocket HomesIndianaMadison CountyFrankton46044122 N Washington St

This home is located at 122 N Washington St in Frankton, IN and zip code 46044. This home, which was built in 1900, sits on a 0.11 acre lot. It has been listed on Rocket Homes since November 12, 2024 and is currently priced at $375,000.

In November 2024, from all listings sold in Frankton, IN there were more than 0 sold above asking price, over 2 sold below and more than 0 were sold right at the asked price. The number of homes for sale in Frankton, IN increased by 7.7% between October 2024 and November 2024. Listings spent 137 days on the market in November 2024, and had a median list price of $226,250 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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