409 Franklin Street, Delphi, IN 46923 (MLS # 202609260)
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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.
| DAYS ON MARKET | 1 | LAST UPDATED | 3/20/2026 |
|---|---|---|---|
| TRACT | None | YEAR BUILT | 1959 |
| COUNTY | Carroll | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| School District | Delphi Community School Corp. |
|---|---|
| Elementary School | Delphi Community |
| Jr. High School | Delphi Community |
| High School | Delphi |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Dryer, Range, Refrigerator, Washer |
| BASEMENT | Crawl Space, Partial, Yes |
| CONSTRUCTION | Vinyl Siding |
| HEAT | Electric, Forced Air |
| LOT | 7187 sq ft |
| LOT DESCRIPTION | Level |
| LOT DIMENSIONS | 60x120 |
| PARKING | Gravel, Off Street, On Street |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Traditional |
| SUBDIVISION | None |
| TAXES | 4846.96 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
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*Estimate only
Listed with Judith Wilson, Joan Abbott Real Estate, Agt: 765-564-9822
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Indiana Regional MLS®. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Copyright© 2026 IRMLS. All rights reserved.
Last Updated On: 3/21/26 3:31 AM PDT
Walk Score provided by walkscore.com
Copyright© 2026 IRMLS. All rights reserved.
Last Updated On: 3/21/26 3:31 AM PDT
Walk Score provided by walkscore.com
This IDX solution is (c) Diverse Solutions 2026.
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