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Opportunities like this are becoming hard to find in downtown Columbus! Situated on desirable Franklin Street, this well maintained triplex offers a combination of established rental income, recent improvements, low maintenance ownership, and future upside. Situated on a large lot with plenty of room for potential expansion, this property is an outstanding opportunity for investors looking to grow their portfolio in a thriving downtown market. The property features three separate apartments, each with its own private entrance. A spacious one bedroom, a generously sized two bedroom, and a fully functional studio apartment. Both the one and two bedroom units offer over ...900 square feet of living space, while the studio provides approximately 480 square feet. Each apartment also has its own private washer and dryer. The property has been consistently cared for, with numerous improvements completed over the years. Major updates include a roof installed in 2021, two of the three HVAC systems updated, refreshed exterior paint, vinyl siding, and metal wrapped windows for added durability and reduced exterior maintenance. Each individual apartment has also received various updates within the past six years, including improvements to paint, flooring, fixtures, and more. From an investment standpoint, the property offers an attractive combination of existing income and flexibility. Two of the three rental agreements are secured with established lease contracts, while the third unit is currently occupied on a month to month basis, providing the new owner flexibility to adjust rental rates and establish their preferred terms. Small multifamily properties that are in good condition in Columbus that offer the potential to qualify for traditional 30 year fixed rate financing are becoming increasingly difficult to find. Don't miss your opportunity to own an income producing triplex on one of downtown Columbus's most desirable streets!

MIBOR REALTOR® Association, MLS#: 22134772
Listed By: 1 Percent Lists Indiana Real Estate, Dylan Andrew

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Architectural Style

  • Traditional

Basement

  • Unfinished

Construction Materials

  • Vinyl Siding

Exterior Features

  • Gutter Guards
  • Lighting

Foundation Details

  • Brick/Mortar

Levels

  • Two

Parking Features

  • Alley Access

Road Frontage Type

  • City Street

Road Surface Type

  • Asphalt

Roof

  • Asphalt
  • Rubber

Structure Type

  • Triplex
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Listed By:
1 Percent Lists Indiana Real Estate
Dylan Andrew

Data Source: MIBOR REALTOR® Association

MLS#: 22134772

Data Source Copyright: © 2026 MIBOR REALTOR® Association All rights reserved.

© 2026 Provided by MIBOR REALTOR® Association

This property was listed on 11/6/2026 and last updated as of 11/6/2026 10:16:08 PM. OSI IDX updated the data from MIBOR REALTOR® Association on 11/8/2026 at 10:18 AM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.