$254,500

409 Franklin Street, Delphi, IN 46923

  • 6 beds |
  • 3 baths |
  • 2,668 sqft
  • Property Icon Triplex
  • Property Year Built Icon Built in 1959
  • Property Lot Size Icon7,187sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $95/sqft
  • Property List Date Icon Listed 15 days ago

Property Description

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.

Listing Status:
Pending
Date Added:
March 20, 2026
Data Last Updated:
April 4, 2026 at 7:57AM
Listing Office:
Joan Abbott Real Estate : 765-564-4484
Listing Agent:
Judith Wilson : 765-404-7165
MLS ID:
202609260
  • Basement: CrawlPartial Basement
  • Flooring: Vinyl Tile
  • A/C: Central Air
  • Heating: ElectricityForced Air
  • General: Vinyl
  • Style: TraditionalTwo Story
  • Other Structures: None
  • Parking: GravelOff StreetOtherStreetParking spaces: 5
  • Roofing: Asphalt
  • School District: Delphi Community School Corp.
  • Driveway: Gravel
  • Zoning: 017-11068-00 Bowens 1st Add Lot 208-06-29-011-068.000-007

This listing courtesy of Judith Wilson , Joan Abbott Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

D

Delphi Community Elementary School

300 W Vine St, Delphi, IN, 46923

Grades KG-5

0.71 miles away

D

Delphi Community Middle School

401 Armory Rd, Delphi, IN, 46923

Grades 6-8

0.94 miles away

D

Delphi Community High School

301 Armory Rd, Delphi, IN, 46923

Grades 9-12

0.98 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.