401 E Madison St, Franklin, IN 46131
Property image
Property image
OFF MARKET

401 E Madison St
Franklin, IN 46131

  • Studio
  • 1.5 Baths
  • 6,804 sqft

$201,200

Trulia Estimate
as of Jul 17, 2026
Est. Refi. Payment $1,237/mo*
Refinance Your Home

$201,200

Trulia Estimate
as of Jul 17, 2026
Est. Refi. Payment $1,237/mo*
Refinance Your Home
Studio
1.5 Baths
6,804 sqft

Local Information

  • Map ViewExplore the area around 401 E Madison St.
  • Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Description

Great opportunity for a new Church or unique home in downtown Franklin! This Church is currently set up to facilitate a service with approximately 120 members in the sanctuary. Sanctuary is approximately 62x42 with a balcony. 3 Offices are located on the south side of the building behind the sanctuary. Nursery and 2 half bathrooms on the main level located on the north side of the Church. Great Room, 4 finished classrooms, Storage room, Utility room, and additional half bathroom in the basement. Basement is approximately 60% finished with walk-out egress. The property is zoned Residential Traditional Neighborhood (RTN). Permitted Primary Uses include: Single Family residence, Residential facility for the developmentally disabled, and residential facility for the mentally ill. Special Exception Primary Uses include: Duplex, Bed and Breakfast, Community Center, School and more.
401 E Madison St, Franklin, IN 46131 is a studio, 3 bathroom, 6,804 sqft single-family home built in 1919. It last sold for $200,000 on Sep 2, 2025 (20% below the $250,000 asking price). It is currently off market. The Trulia Estimate is $201,200, with a rent estimate of $2,178/month.

Home Highlights

Parking
No Info
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
180+ days ago

Home Details for 401 E Madison St

Active Status

MLS Status: Sold

Interior Features

Interior Details
Basement: Full,Partially Finished,Walk-Out AccessNumber of Rooms: 10Types of Rooms: Foyer, Loft, Office
Beds & Baths
Number of Bathrooms: 3Number of Bathrooms (half): 3Number of Bathrooms (main level): 2
Dimensions and Layout
Living Area: 6804 Square Feet
Appliances & Utilities
Appliances: None
Heating & Cooling
Heating: Natural GasHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Natural Gas
Levels, Entrance, & Accessibility
Stories: 1Levels: One Leveland + Loft

Exterior Features

Exterior Home Features
Foundation: Brick/Mortar, Stone
Parking & Garage
No Garage
Farm & Range
Horse Amenities: None
Finished Area
Finished Area (below surface): 1890 Square Feet

Days on Market

Cumulative Days on Market: 30

Property Information

Year Built
Year Built: 1919
Property Type / Style
Property Type: ResidentialProperty Subtype: Residential, Single Family ResidenceArchitecture: Gothic Revival
Building
Construction Materials: BrickNot a New ConstructionNot Attached Property
Property Information
Parcel Number: 410814044041000009

Price & Status

Price
List Price: $250,000
Status Change & Dates
Off Market Date: Tue Aug 19 2025Possession Timing: Close Of Escrow

Location

Direction & Address
City: FranklinCommunity: No Subdivision
School Information
Jr High / Middle School: Franklin Community Middle SchoolHigh School: Franklin Community High SchoolHigh School District: Franklin Community School Corp

Building

Building Area
Building Area: 6804 Square Feet

HOA

No HOA

Lot Information

Lot Area: 8276.4 sqft

Miscellaneous

BasementMls Number: 22052161
Last check for updates: about 3 hours ago
Listed by Justin Cave
Smythe & Co, Inc
Source: MIBOR as distributed by MLS GRID, MLS#22052161

Price History for 401 E Madison St

DatePriceEventSource
09/02/2025$200,000Sold
MIBOR as distributed by MLS GRID #22052161
08/20/2025$250,000PendingMIBOR as distributed by MLS GRID #22052161
07/22/2025$250,000Listed For SaleMIBOR as distributed by MLS GRID #22052161

Market trends in Franklin

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$283K
$12.5KMoM
Sale-to-List Price
98.9%
0.1%MoM
Price per sq ft
$162
$7MoM
Available listings
117
2MoM
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Comparable Sales for 401 E Madison St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
450 E Madison St, Franklin, IN
0.04
Single-Family Home
$530,000
02/26/26
6
2
4,309
348 Ohio St, Franklin, IN
0.30
Single-Family Home
$245,000
02/13/26
5
2
3,024
998 E Jefferson St, Franklin, IN
0.32
Single-Family Home
$286,000
05/22/26
3
1.5
2,955
599 E Adams St, Franklin, IN
0.17
Single-Family Home
$294,900
06/12/26
3
2
1,803
150 E Madison St, Franklin, IN
0.18
Single-Family Home
$600,000
12/11/25
3
2.5
4,887
356 N Main St, Franklin, IN
0.37
Single-Family Home
$187,000
11/14/25
3
1.5
2,576
151 Yandes St, Franklin, IN
0.05
Single-Family Home
$170,000
09/19/25
2
2
1,782
598 Kentucky St, Franklin, IN
0.25
Single-Family Home
$334,500
06/12/26
4
2
2,260
484 E Jefferson St, Franklin, IN
0.05
Single-Family Home
$325,000
02/11/26
3
2
2,369

Nearby homes

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Assigned Schools

These are the assigned schools for 401 E Madison St.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Franklin

At least 209 Trulia users voted on each feature.

  • 88 % Say yards are well-kept

  • 88 % Say car is needed

  • 83 % Say it's dog friendly

  • 82 % Say parking is easy

  • 80 % Say there are sidewalks

  • 79 % Say kids play outside

  • 77 % Say there's holiday spirit

  • 74 % Say people would walk alone at night

  • 58 % Say it's quiet

  • 57 % Say streets are well-lit

  • 51 % Say neighbors are friendly

  • 46 % Say they plan to stay for at least 5 years

  • 44 % Say it's walkable to restaurants

  • 37 % Say there's wildlife

  • 30 % Say it's walkable to grocery stores

  • 29 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Jobrown2026
    "The neighborhood has a lot of families. There are a lot of fun things to do. There are a lot of restaurants and parks."
    0
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  • Jon Mershon
    "Lots of family’s great for raising a family, and starting a family! Highly recommend this area to anyone looking to move. "
    0
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  • Lori.speicher
    "Franklin is like a Hallmark town. So much fun during the holidays. Festivals and parades. Great restaurants, breweries and coffee shops. The amphitheater is a great place to listen to music in the summer. "
    0
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  • 5z7svvcjmr
    "It’s a great safe place for families. Good schools and not a lot of unwell maintained homes. I love this area. "
    0
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  • Swirlyrook1.nf
    "some places have dog parks or a lot of homes have fenced in backyards. a lot of landlords also allow most dog breeds. "
    1
    Flag
  • Rose W.
    "Dogs bark. Kids scream and yell. So which is more annoying? Trouble stirring people with no life. Need to quit complaining about dogs barking. They bark. Kids scream, yell, show their nasty little attitudes. Lets do something about that. "
    0
    Flag
  • Audrey W.
    "Family friendly neighborhoods. Local shopping and restaurants. Well maintained yards and homes. Safety is never a concern for me in Franklin. Community very inviting."
    3
    Flag
  • Ryan F.
    "Franklin is a great place to live, but the water quality and history of toxic warehouses are enough to want to look outside of the town"
    5
    Flag
  • Levi C.
    "Lived here my whole life. Still has that small town vibe with the touch of southern hospitality. Hopefully I can raise my children here as well"
    2
    Flag
  • Dylan B.
    "It seems like people like walking their dogs on the long trail around town or through the square. enjoy."
    2
    Flag
  • Brittany.barton14
    "Lived here my whole life 27 years! and its safe, clean, people are friendly! The schools are great and the town is definitely growing the downfall is the housing prices."
    0
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  • Kat V.
    "I’ve lived in this neighborhood for 15 years. It’s a great place to raise a family. Lots of parks, local shops and restaurants."
    0
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  • Kat V.
    "Great place to raise your family. Walk to everywhere with trails to all the parks. Quiet and quaint small town close to Indy."
    0
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  • F.rachel.enoch
    "quiet for a subdivision we all come together when someone is need . gather on the culdasc to visit with one another while children play "
    0
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  • Kat V.
    "The city has a great walking/running trail that links all the local parks together plus a dog park. Great small city with a private college which is perfect for raising children."
    0
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  • Erika
    "There is a nice dog park and plenty of side walks for your fur babies to get exercise and socialize as well. 😊"
    0
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  • Loriprince210
    "There are multiple dog owners always walking their dogs. Dogs are a welcome addition to the neighborhood. "
    0
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  • Sashahernandez2
    "Is a good place to live and neighborhood is good also and friendly schools are close and a lot of stores close too"
    0
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  • Roberta O.
    "I have lived here a little over a year, it's very quiet and the neighbors are super friendly. We live in the back so there isn't much traffic and my kids can play outside. "
    0
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  • Maheinicke
    "The college, the dive bars - The Jeff St Pub, and The Willard, and the Art Craft Theater are the best reasons. The scenery is actually nice, the drives on 144 and 44 are nice on summer drives with the top off, or during the fall when the leaves are pretty. "
    0
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  • Morgan M.
    "Near the college campus has great paved trails for running, walking and biking! Historic buildings and homes make for a charming unique place to live!"
    0
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  • Heather C.
    "There’s sidewalks everywhere to walk your dog. Dog parks. Parks. It’s ideal for dog owners. There’s nothing bad at all I can think of. "
    0
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  • Shalee G.
    "people take care of their lawns. walk their dogs. some neighbors are nosey. but what neighbors are not. i spend a whole year living in franklin without a car. it was hard but doable. everything is real close and conventient if you live by north morton st. "
    0
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  • Shellypahl
    "Great schools, friendly small town, great restaurants, good government. I recommend this little town to anyone! "
    0
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  • Jessica M.
    "the houses are pretty close together, so if your dogs like to bark at people or other dogs, it could be very annoying"
    0
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  • Erin S.
    "Nice place to live. Parks and recreation are amazing. Good place to raise your family or retire with your spouse "
    0
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Homes for sale near 401 E Madison St

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Off Market Homes Near 401 E Madison St

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Based on information submitted to the MLS GRID as of 2026-07-17 10:33:12 PDT. 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. Some IDX listings have been excluded from this website. Click here for more information