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350 N Main Street

Frankfort, IN 46041
  • $2,300,000
  • STATUS: Active
  • ON SITE: 11 Days
  • MLS #: 202603354
UPDATED: 24 min ago
$2,300,000
  • 17
    BEDS
  • 0.08
    ACRES
  • 14
    BATHS
  • 0
    1/2 BATHS
  • 10,560
    SQFT
Neighborhood:
Type:
Multi-Family
Built:
1899
County:
Area:

School Information

Elementary School:
Middle School:
High School:
Listing provided by Cole Kesling of Sue O'Brien - Titan RE: Offc.: 765-426-2220.

Description

Introducing a standout investment opportunity: a fully rehabbed 10-unit apartment building in Frankfort, Indiana, completed in 2023 with modern finishes, thoughtful upgrades, and features that set it apart in the local rental market. Each unit showcases tall ceilings that enhance natural light and create an open, contemporary feel. The interiors are outfitted with stainless steel appliances, updated kitchens, refreshed flooring, and modern fixtures—delivering the style and comfort today’s renters expect. Two premium ground-floor units include attached garages, a rare and highly desirable amenity that adds both convenience and rental appeal. This property offers investors the perfect blend of modern design, reliable cash flow, and ease of ownership. A rare chance to acquire a fully upgraded multi-unit building in an accessible, high-demand location.

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© 2026 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Data last updated: 2026-02-15T18:27:56.45.

www.felecialivingstonrealestate.com/homes/172689371
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350 N Main Street Frankfort, IN 46041

  • Price: $2,300,000
  • Status: Active
  • On Site: 11 Days
  • Updated: 24 min ago
  • MLS #: 202603354
17
Beds
14
Baths
0
½ Baths
0.08
Acres
10,560
SQFT
$218
$/SQFT
1899
Built
Neighborhood:
None
County:
Clinton
Area:
Clinton
Elementary School:
Suncrest
Middle School:
Frankfort
High School:
Frankfort
School District:
Community Schools Of Frankfort
Property Description
Introducing a standout investment opportunity: a fully rehabbed 10-unit apartment building in Frankfort, Indiana, completed in 2023 with modern finishes, thoughtful upgrades, and features that set it apart in the local rental market. Each unit showcases tall ceilings that enhance natural light and create an open, contemporary feel. The interiors are outfitted with stainless steel appliances, updated kitchens, refreshed flooring, and modern fixtures—delivering the style and comfort today’s renters expect. Two premium ground-floor units include attached garages, a rare and highly desirable amenity that adds both convenience and rental appeal. This property offers investors the perfect blend of modern design, reliable cash flow, and ease of ownership. A rare chance to acquire a fully upgraded multi-unit building in an accessible, high-demand location.
Exterior Features

Exterior Brick Lot Description Level Lot Dimensions 42X80 Outbuilding None Parking Spaces 2 Pool YN No Style Multi-Story (3+) Waterfront YN No

Interior Features

Above Grade Bedrooms 17 Above Grade Finished Sqft 10560 Above Grade Unfin Sq Ft 0 Amenities Off Street Parking Basement Foundation Unfinished Basement YN Yes Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 1000 Cooling Central Air Dishwashers 10 Disposals 10 Dryers 10 Flooring Laminate Heating Fuel Forced Air Microwaves 10 Ranges Ovens 10 Refrigerators 10 Rooms Below Grade 0 Total Baths 14 Total Below Grade Sqft 1000 Total Sq Ft 11560 Wash Dry Hookups 10 Washers 10

Property Features

Annual Electric Expense 0 Annual Fuel Expense 0 Annual Gross Rent 157668 Annual Insurance Expense 2400 Annual Maint Expense 2500 Annual Misc 1000 Annual Net Income 145938 Annual Property Tax 30 Annual Trash Expense 2300 Annual Water Sewer Exp 3500 Assessed Value 112000 Assoc Dues Frequency Not Applicable Auction Y / N No Efficiencies 0 Electric Meters 10 For Sale Or Rent For Sale Four Bedrooms 0 Gross Monthly Income 13139 Gross Monthly Rent 13139 Lease Term 1 Year New Construction No One Bedrooms 3 Owner Pays Trash Collection Owner Real Estate License YN No Pet Restrictions YN No Planned Unit Dev YN No Property Sub Type Apartment Building Reo YN No Sale Includes Building Sewer City Tenant Pays Electric Three Bedrooms 0 Township Center Two Bedrooms 7 Units Rented 10 Water Utility City Year Taxes Payable 2025

Listing provided by Cole Kesling of Sue O'Brien - Titan RE: Offc.: 765-426-2220.

© 2026 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty.


© 2026 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Data last updated: 2026-02-15T18:27:56.45.

 
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Keller Williams Realty
Lafayette, West Lafayette
and Kokomo IN,
Listing provided by Cole Kesling of Sue O'Brien - Titan RE: Offc.: 765-426-2220.