Highgarden Real Estate
REALTOR ®
(765) 418-1673
Email Megan
mobile navigation links

196 E Madison St, Franklin, IN 46131

PENDING as of 5/6/2025 - $399,900
Charming brick building featuring a red door and decorative architectural details, creating an inviting and historical facade at 196 E Madison St, Franklin, IN 46131

  • Bedrooms

    3

  • Baths

    2

  • Sq. Feet

    1828

  • Year Built

    1915

  • Days on Market

    27

  • $/SqFt

    $219

Message Agent
Schedule Tour

32 Photos

  • Charming brick building featuring a red door and decorative architectural details, creating an inviting and historical facade at 196 E Madison St, Franklin, IN 46131
  • Angle view of the charming brick building with a beautiful stone patio and flower planters at 196 E Madison St, Franklin, IN 46131
  • Tranquil backyard featuring a brick patio, vibrant hanging baskets, and lush greenery at 196 E Madison St, Franklin, IN 46131
  • Captivating street view with lush trees and greenery, showcasing the serene neighborhood setting at 196 E Madison St, Franklin, IN 46131
  • Close-up of a charming red front door with decorative pillars and clear address numbers, enhancing curb appeal at 196 E Madison St, Franklin, IN 46131
  • Welcoming foyer featuring elegant tile flooring, neutral walls, and a classic staircase with decorative wood trim at 196 E Madison St, Franklin, IN 46131
  • Bright hallway with tile floors, wood trim, and a view to the front door, creating an inviting entrance at 196 E Madison St, Franklin, IN 46131
  • Charming gray front door with decorative details and clear address numbers, enhancing curb appeal at 196 E Madison St, Franklin, IN 46131
  • Stylish entryway featuring a gray door, wood floors, and a decorative mirror, creating a warm and inviting space at 196 E Madison St, Franklin, IN 46131
  • Spacious living room with hardwood floors, vaulted ceilings, and ample natural light, perfect for comfortable living at 196 E Madison St, Franklin, IN 46131
  • Bright foyer featuring a coffered ceiling, neutral walls, hardwood floors, and a staircase at 196 E Madison St, Franklin, IN 46131
  • An open living space with hardwood floors, a stone accent wall, and two large windows at 196 E Madison St, Franklin, IN 46131
  • Bright dining room with light fixture, wood floors, and closet space near the entry to the bathroom at 196 E Madison St, Franklin, IN 46131
  • Modern kitchen featuring stainless steel appliances, granite countertops, and stylish gray cabinetry at 196 E Madison St, Franklin, IN 46131
  • Modern kitchen featuring stainless steel appliances, granite countertops, and stylish gray cabinetry at 196 E Madison St, Franklin, IN 46131
  • Bright dining room with light fixture, wood floors, and a laundry room through closet doors at 196 E Madison St, Franklin, IN 46131
  • A bedroom with hardwood floors and a high ceiling with wooden beams at 196 E Madison St, Franklin, IN 46131
  • A bedroom with hardwood floors, high ceilings, and wooden beam features at 196 E Madison St, Franklin, IN 46131
  • A stylish bathroom with tiled walls, granite vanity, and a decorative mirror at 196 E Madison St, Franklin, IN 46131
  • Modern bathroom with glass shower, tiled walls, and closet with installed organizers at 196 E Madison St, Franklin, IN 46131
  • Walk-in closet featuring adjustable shelving and two storage drawers at 196 E Madison St, Franklin, IN 46131
More Photos \/
  • Bedroom with ceiling fan, closet and view to stairway at 196 E Madison St, Franklin, IN 46131
  • Bedroom with two windows and desk at 196 E Madison St, Franklin, IN 46131
  • Bedroom with natural light from three windows and a ceiling fan at 196 E Madison St, Franklin, IN 46131
  • Spacious bedroom with hardwood flooring and a ceiling fan at 196 E Madison St, Franklin, IN 46131
  • Walk-in closet featuring adjustable wooden shelving at 196 E Madison St, Franklin, IN 46131
  • Large Main Bedroom with adjoining Bathroom and ceiling fan at 196 E Madison St, Franklin, IN 46131
  • Bathroom featuring granite countertop with double sinks at 196 E Madison St, Franklin, IN 46131
  • Bathroom with glass door to shower-bathtub at 196 E Madison St, Franklin, IN 46131
  • Utility room with water heater and HVAC system at 196 E Madison St, Franklin, IN 46131
  • Organized storage with custom shelving, ideal for tools, paint, and home improvement supplies at 196 E Madison St, Franklin, IN 46131
  • Charming brick home with red tile roof, vibrant front yard, and inviting red front door at 196 E Madison St, Franklin, IN 46131
Less Photos /\

Tour This Home

Sat
31 May
Sun
1 Jun
Mon
2 Jun
Tue
3 Jun
Wed
4 Jun
Thu
5 Jun
Fri
6 Jun
Schedule Tour

Home Description

STEEPED in history, this gorgeous renovated downtown Franklin property is a coveted one-of-a-kind address. This 1915 Carnegie Library served the surrounding community & in 1990 it was lovingly converted to 5 condos, retaining the architecture including mahogany barrel-vaulted ceilings, marble floors, lighted cabinetry... Three bedrooms, one on the main floor, fully RENOVATED BATHROOMS, custom closets, ALL NEW WINDOWS and custom blinds, expansive hand laid paver patio and many other features you can't miss. Owners manage HOA; covers building exterior, trash, water & sewer for $144/mo. One parking space behind the unit and on-street parking. Walk to all the amenities this thriving community offers.

  • Property Type: Condo / Townhouse
  • Style: Other
  • Basement: Daylight/Lookout Windows,Finished Ceiling
  • Garage Spaces: 0
  • Acres: <1/4 Acre
  • Siding: Brick
  • Patio & Porch: Open Patio

Approximate Room Sizes / Descriptions

Kitchen10x9Main
Dining Room9x10Main
Living Room16x14Main
Bedroom 314x11Main
Bedroom 213x12Basement
Primary Bedroom22x11Basement
  • Areas: Utility Room
  • Interior Description: Attic Access,Built In Book Shelves,Entrance Foyer,Hi-Speed Internet Availbl,Raised Ceiling(s),Walk-in Closet(s),Wood Work Stained
  • Full Baths: 2
  • Num Fireplaces: 0
  • Primary Bedroom Description: Closet Walk in
  • Appliances: Dishwasher,Dryer,Electric Water Heater,MicroHood,Refrigerator,Washer,Water Softener Owned
  • Eating Area: Dining-L
  • Equipment: Radon System,Smoke Alarm
  • Heating: Electric,Forced Air
  • Utilities: Cable Connected
  • : jtrefny@callcarpenter.com

Neighborhood

The average asking price of a 3 bedroom Franklin home in this zip code is $370,542 (7.3% less than this home).

This home is priced at $219/sqft, which is 12.0% less than similar homes in the 46131 zip code.

Map | Street | Birds Eye

Print Map | Driving Directions

School Information

  • School District:Franklin Community School Corp

Financial

  • Approx Payment:$1,619*
  • Semi Annual Taxes:$1,140

Area Stats

These statistics are updated daily from the Metropolitan Indianapolis Board of REALTORS® Multiple Listing Service. For further analysis or to obtain statistics not shown below please call Highgarden Real Estate at (765) 418-1673 and speak with one of our real estate consultants.

Popular Homes

City
Avg Price
Median Price
Available
Distressed
Reduced
Avg DOM
Broad Ripple
$476,873
$394,450
26
0.0%
46.2%
48

Butler Tarkington
$359,525
$349,000
16
0.0%
56.2%
151

Downtown Indianapolis
$335,153
$248,450
32
0.0%
68.8%
267

Fountain Square
$349,676
$343,450
34
0.0%
47.1%
55

Indianapolis
$330,925
$274,900
3304
0.0%
43.5%
68

Irvington
$268,791
$219,900
83
0.0%
51.8%
77

Meridian Kessler
$620,321
$474,900
43
0.0%
53.5%
47

Listing Courtesy of Carpenter, REALTORS®.

196 E Madison St, Franklin IN is a single family home of 1828 sqft and is currently priced at $399,900 . This single family home has 3 bedrooms. In addition to single family homes, Highgarden also makes it easy to find Homes, Condos and New Homes in Franklin, IN. Pheasant Pointe, Camelot and E T Woods Oakland Park are nearby neighborhoods. MLS 22036699 has been posted on this site since 5/5/2025 (today).

2025

Message Agent

Send

Schedule a tour

196 E Madison St Franklin IN 46131

Choose a day and time

You Requested

We'll be in touch shortly to confirm your tour time and other details. Please let us know how to reach you.

Schedule Tour

CLOSE

Your message has been sent!

The agent will be in touch with you in just a minute.