196 E Madison Street, Franklin, IN 46131

bedrooms 3
bathrooms 2
|Apartment
AUD $553,022
USD $385,000
Published on: 11 Jul 2026
Last updated on: 24 Sep 2026
196 E Madison Street, Franklin, IN 46131
196 E Madison Street, Franklin, IN 46131
196 E Madison Street, Franklin, IN 46131
+41
196 E Madison Street, Franklin, IN 46131
  • 41
Property ID: 110119325532
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Residential, Franklin, IN

196 E Madison Street, Franklin, IN 46131
PRICE REDUCED!! Own a remarkable piece of Franklin history in this truly one-of-a-kind residence, originally constructed in 1915 as the city's iconic Carnegie Library and thoughtfully transformed into an exclusive five-unit condominium community in 1990. Rich in architectural character, this extraordinary home beautifully preserves its historic charm with stunning mahogany barrel-vaulted ceilings, elegant marble floors, custom lighted cabinetry, and timeless craftsmanship rarely found today, while seamlessly blending today's most desirable updates and conveniences. Offering three spacious bedrooms, including a main-level bedroom, this home features beautifully renovated bathrooms, an updated kitchen with granite countertops and stainless steel appliances, custom closet systems, newer vinyl windows with custom remote-controlled blinds, smart home technology including Alexa-controlled lighting, Wi-Fi-enabled front door lock and thermostat on the main level, a brand-new HVAC system, and a water heater less than three years old. Enjoy the convenience of a private entrance, abundant storage throughout, a new stackable washer and dryer, included water softener, and an expansive hand-laid paver patio perfect for relaxing or entertaining. Owners self-manage the HOA, keeping monthly dues at just $144, which include exterior maintenance, water, sewer, and trash service. Complete with a dedicated rear parking space plus additional on-street parking, this exceptional home places you just steps from Franklin's vibrant downtown shops, restaurants, parks, and year-round community events, offering an unmatched opportunity to own a beautifully preserved landmark with every modern comfort.

Property Details

Basic Info

Property Type
Apartment
Listing Status
Active
Land Size
80.94 m2
Building Size
169.83 m2
Year Built
1915
Rooms
3 bedroom(s), 2 bathroom(s)
Num Floors
2
County
Johnson
Parcel ID
410814043006002009
Provider
Broker Listing Cooperative®
Subdivision
Carnegie Commons
Brokerage Office Name
Hoosier REALTORS LLC
Brokerage Office Phone
(317) 407-6608
Neighbourhoods
Carnegie Commons
Address
196 E Madison Street, Franklin, IN 46131

Nearby Schools

TypeSchool nameDistrict name
HighFranklin Community High SchoolNot available
Not availableNot availableNot available
MiddleFranklin Community Middle SchoolNot available
Not availableNot availableNot available
JuniorhighFranklin Community Middle SchoolNot available
Not availableNot availableNot available

Tax History

YearTax amount
2025USD $2822AUD $4,054*

*Converted price in your currency provided by Open Exchange Rates. Exchange rates are subject to continuous change. Neither realestate.com.au nor its affiliates guarantee that the conversion reflects current conversion rates and are not responsible for any inaccuracies. realestate.com.au recommends that you independently verify any information before relying on it.

Contact Agent
Rusty Harsin
Hoosier, REALTORS(R)
S Franklin Rd 6225, Indianapolis, IN 46259-9600
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Rusty Harsin
S Franklin Rd 6225, Indianapolis, IN 46259-9600
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      Property ID: 110119325532

      Original Property ID: 3yd-MIBORIN-22113413
      Data provided by Broker Listing Cooperative®, MLS #: 22113413
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      Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.