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

$201,900

Trulia Estimate
  • Studio
  • 1.5 Baths
  • 6,804 sqft

401 E Madison St, Franklin, IN 46131

Est. Refi. Payment $1,292/mo*
Refinance Your Home
Currently Off Market - Sold Sep 2, 2025 for $200,000

Home Value

Trulia Estimate
$202K
Since last month
Increased$2K (+0.7%)
Since last year
Decreased$33K (-14.2%)
Since last sale
Increased$2K (+1.1%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value decreased by -17% in the last 10 years
MonthEstimated value
2026
September 2026$202K
August 2026$202K
July 2026$201K
June 2026$201K
May 2026$204K
April 2026$203K
March 2026$202K
February 2026$203K
January 2026$203K
2025

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
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
159 E King St, Franklin, IN
0.19
Single-Family Home
$310,000
08/24/26
5
2
3,101
440 E Madison St, Franklin, IN
0.03
Single-Family Home
$327,900
09/14/26
5
2
2,112
348 Ohio St, Franklin, IN
0.30
Single-Family Home
$245,000
02/13/26
5
2
3,024
350 E King St, Franklin, IN
0.10
Single-Family Home
$500,000
07/31/26
4
2.5
4,536
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

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
Yandes St, Franklin, IN 46131
0.04
-
-
-
-
Off Market
425 E Jefferson St, Franklin, IN 46131
0.06
$344,700
4
2
3,891
Off Market
484 E Jefferson St, Franklin, IN 46131
0.05
$325,000
3
2
2,369
Recently Sold
475 E Madison St, Franklin, IN 46131
0.04
$224,800
2
1
1,600
Off Market
440 E Madison St, Franklin, IN 46131
0.03
$327,900
5
2
2,112
Recently Sold
448 E Madison St, Franklin, IN 46131
0.03
$317,200
4
1.5
3,264
Off Market
450 E Madison St, Franklin, IN 46131
0.04
$530,000
6
2
4,309
Recently Sold
149 Yandes St, Franklin, IN 46131
0.04
$176,100
1
1
-
Off Market
151 Yandes St, Franklin, IN 46131
0.05
$171,600
2
2
1,782
Off Market
348 E Monroe St, Franklin, IN 46131
0.12
$277,500
3
1
2,176
Off Market
275 E Madison St, Franklin, IN 46131
0.10
$389,000
4
4
-
For Sale

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

Home Highlights

Single-Family Home
Built in 1919
6,804 sqft
$30/sqft

About this House

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). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $201,900, with a rent estimate of $1,899/month.
Last check for updates: about 4 hours ago
Listed by Justin Cave
Smythe & Co, Inc
Source: MIBOR as distributed by MLS GRID, MLS#22052161

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

Price and Tax history

DateEventPrice
Sep 2, 2025
Source: MIBOR as distributed by MLS GRID #22052161
Sold
$200,000
Aug 20, 2025
Source: MIBOR as distributed by MLS GRID #22052161
Pending
$250,000
Jul 22, 2025
Source: MIBOR as distributed by MLS GRID #22052161
Listed For Sale
$250,000

Market trends in Franklin

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$282K
$3.96KMoM
Sale-to-List Price
99.1%
0.2%MoM
Price per sq ft
$168
$6MoM
Available listings
125
11MoM

Around this home

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
    Flag
  • 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
    Flag
  • 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
    Flag
  • 5z7svvcjmr
    "It’s a great safe place for families. Good schools and not a lot of unwell maintained homes. I love this area. "
    0
    Flag
  • 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. "
    1
    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"
    6
    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
    Flag
  • 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
    Flag
  • 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
    Flag
  • 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
    Flag
  • 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
    Flag
  • Erika
    "There is a nice dog park and plenty of side walks for your fur babies to get exercise and socialize as well. 😊"
    0
    Flag
  • Loriprince210
    "There are multiple dog owners always walking their dogs. Dogs are a welcome addition to the neighborhood. "
    0
    Flag
  • 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
    Flag
  • 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
    Flag
  • 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
    Flag
  • 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
    Flag
  • 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
    Flag
  • 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
    Flag
  • Shellypahl
    "Great schools, friendly small town, great restaurants, good government. I recommend this little town to anyone! "
    0
    Flag
  • 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
    Flag
  • Erin S.
    "Nice place to live. Parks and recreation are amazing. Good place to raise your family or retire with your spouse "
    0
    Flag

LGBTQ Local Legal Protections

Based on information submitted to the MLS GRID as of 2026-09-18 01:02:59 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

Frequently asked questions about 401 E Madison St

  • What is 401 E Madison St estimated to be worth?
    Trulia's estimated value for 401 E Madison St in Franklin, IN is $201,900.
  • What is the price history for 401 E Madison St?
    401 E Madison St in Franklin, IN last sold for $200,000 in September 2025.
  • Is Franklin a buyer's or seller's market?
    Franklin is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Franklin?
    The median sale price in Franklin is $282K. That is down $3.96K from the prior month.
  • Does 401 E Madison St have air conditioning?
    Yes, 401 E Madison St in Franklin, IN has air conditioning.
  • How big is the lot at 401 E Madison St?
    The lot at 401 E Madison St in Franklin, IN is about 0.19 acres (8,276 sq ft).

Explore by feature - Pet Friendly

49 pet-friendly rentals in Franklin, IN

Explore by feature - Garage

41 rentals with a garage in Franklin, IN

Explore by feature - Air Conditioning

39 rentals with air conditioning in Franklin, IN

Explore by feature - Pool

10 rentals with a pool in Franklin, IN

Explore by feature - Washer/dryer

35 rentals with a washer/dryer in Franklin, IN

Explore by feature - Outdoor Space

Apartments for Rent

Skip to last item
Skip to first item

Off Market Homes Near 401 E Madison St

Skip to last item
Skip to first item

Homes for sale near 401 E Madison St

Skip to last item
Skip to first item
Skip to last item
  • Results are loading
Skip to first item