196 E Madison Street, Franklin, IN 46131
  • $425,000

Description

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.

  • Address: 196 E Madison Street
  • City: Franklin
  • State/county: IN
  • Zip/Postal Code: 46131

Details

Updated on July 13, 2026 at 3:13 pm
  • Property ID 22113413
  • Price $425,000
  • Property Size 1828 Sqft
  • Land Area 0.02 Acres
  • Bedrooms 3
  • Rooms 6
  • Bathrooms 2
  • Garage Size x x
  • Year Built 1915
  • Property Type Condominium, Residential
  • Property Status Active

Additional details

  • Association Fee 144
  • Utilities Cable Available
  • Cooling Central Air
  • Heating Forced Air,Electric
  • County Johnson
  • Property Type Residential
  • Parking Assigned
  • Middle School Franklin Community Middle School
  • High School Franklin Community High School
  • Architectural Style Other

Features

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Contact Information

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Preeti Chaggar

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