# 196 E Madison Street #B, Franklin, IN 46131 > **TL;DR:** 3bd/2ba condo, $385,000 ($211/sqft), built 1915, 1,828 sqft. > A/C. Est. $2,203/mo. Listed 77 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $385,000 | | Price/sqft | $211 | | Bedrooms | 3 | | Bathrooms | 2 full | | Square Feet | 1,828 | | Year Built | 1915 | | Lot Size | 871 sqft (0.02 acres) | | Stories | 2 | | Property Type | Condo (Condominium) | | Status | Active | | Days on Market | 77 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $1,947 | | Estimated Insurance | $112 | | HOA | $144 | | **Total** | **$2,203** | ## Nearby Schools - **Middle:** Franklin Community Middle School - **High:** Franklin Community High School ## Key Amenities - A/C ## Property Highlights - Built in 1915 - 0.02 acre lot - 2 stories ## Description ### Agent Description 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. ## Location - **Address:** 196 E Madison Street #B, Franklin, IN 46131 - **County:** Johnson - **Neighborhood:** Carnegie Commons - **Coordinates:** 39.481874, -86.052907 - **Google Maps:** https://www.google.com/maps?q=39.481874,-86.052907 ## Virtual Tour & Media - **Video Tour:** https://m.youtube.com/watch?v=1RVF1wGa-io&ra=m ## Listing Agent - **Name:** Rusty Harsin - **Brokerage:** Hoosier REALTORS LLC - **Phone:** (317) 407-6608 - **Broker Phone:** (317) 407-6608 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/196-E-Madison-St_Franklin_IN_46131_M33820-25350?f=listhub&s=MIBORIN&m=22113413&c=propsimple) ## Photos ![196 E Madison Street #B - Photo 1](http://lh.rdcpix.com/56e4f31bb2d9a71f9d1e1dd7a0e7d5c6l-f3231301875r.jpg) ![196 E Madison Street #B - Photo 2](http://lh.rdcpix.com/56e4f31bb2d9a71f9d1e1dd7a0e7d5c6l-f1483753200r.jpg) ![196 E Madison Street #B - Photo 3](http://lh.rdcpix.com/56e4f31bb2d9a71f9d1e1dd7a0e7d5c6l-f2974717538r.jpg) ![196 E Madison Street #B - Photo 4](http://lh.rdcpix.com/56e4f31bb2d9a71f9d1e1dd7a0e7d5c6l-f1599054134r.jpg) ![196 E Madison Street #B - Photo 5](http://lh.rdcpix.com/56e4f31bb2d9a71f9d1e1dd7a0e7d5c6l-f2738901708r.jpg) ![196 E Madison Street #B - Photo 6](http://lh.rdcpix.com/56e4f31bb2d9a71f9d1e1dd7a0e7d5c6l-f3088009922r.jpg) ![196 E Madison Street #B - Photo 7](http://lh.rdcpix.com/56e4f31bb2d9a71f9d1e1dd7a0e7d5c6l-f88319747r.jpg) ![196 E Madison Street #B - Photo 8](http://lh.rdcpix.com/56e4f31bb2d9a71f9d1e1dd7a0e7d5c6l-f1118710196r.jpg) ![196 E Madison Street #B - Photo 9](http://lh.rdcpix.com/56e4f31bb2d9a71f9d1e1dd7a0e7d5c6l-f355980688r.jpg) ![196 E Madison Street #B - Photo 10](http://lh.rdcpix.com/56e4f31bb2d9a71f9d1e1dd7a0e7d5c6l-f809627949r.jpg) ![196 E Madison Street #B - Photo 11](http://lh.rdcpix.com/56e4f31bb2d9a71f9d1e1dd7a0e7d5c6l-f1990017977r.jpg) ![196 E Madison Street #B - Photo 12](http://lh.rdcpix.com/56e4f31bb2d9a71f9d1e1dd7a0e7d5c6l-f1924552446r.jpg) ![196 E Madison Street #B - Photo 13](http://lh.rdcpix.com/56e4f31bb2d9a71f9d1e1dd7a0e7d5c6l-f4216263126r.jpg) ![196 E Madison Street #B - Photo 14](http://lh.rdcpix.com/56e4f31bb2d9a71f9d1e1dd7a0e7d5c6l-f546641024r.jpg) ![196 E Madison Street #B - Photo 15](http://lh.rdcpix.com/56e4f31bb2d9a71f9d1e1dd7a0e7d5c6l-f4122757423r.jpg) ![196 E Madison Street #B - Photo 16](http://lh.rdcpix.com/56e4f31bb2d9a71f9d1e1dd7a0e7d5c6l-f3311528606r.jpg) ![196 E Madison Street #B - Photo 17](http://lh.rdcpix.com/56e4f31bb2d9a71f9d1e1dd7a0e7d5c6l-f2548247103r.jpg) ![196 E Madison Street #B - Photo 18](http://lh.rdcpix.com/56e4f31bb2d9a71f9d1e1dd7a0e7d5c6l-f4141788168r.jpg) ![196 E Madison Street #B - Photo 19](http://lh.rdcpix.com/56e4f31bb2d9a71f9d1e1dd7a0e7d5c6l-f2908216709r.jpg) ![196 E Madison Street #B - Photo 20](http://lh.rdcpix.com/56e4f31bb2d9a71f9d1e1dd7a0e7d5c6l-f997915611r.jpg) ![196 E Madison Street #B - Photo 21](http://lh.rdcpix.com/56e4f31bb2d9a71f9d1e1dd7a0e7d5c6l-f1280116861r.jpg) ![196 E Madison Street #B - Photo 22](http://lh.rdcpix.com/56e4f31bb2d9a71f9d1e1dd7a0e7d5c6l-f2885769357r.jpg) ![196 E Madison Street #B - Photo 23](http://lh.rdcpix.com/56e4f31bb2d9a71f9d1e1dd7a0e7d5c6l-f1062137422r.jpg) ![196 E Madison Street #B - Photo 24](http://lh.rdcpix.com/56e4f31bb2d9a71f9d1e1dd7a0e7d5c6l-f1453995559r.jpg) ![196 E Madison Street #B - Photo 25](http://lh.rdcpix.com/56e4f31bb2d9a71f9d1e1dd7a0e7d5c6l-f4062561788r.jpg) ![196 E Madison Street #B - Photo 26](http://lh.rdcpix.com/56e4f31bb2d9a71f9d1e1dd7a0e7d5c6l-f1605636458r.jpg) ![196 E Madison Street #B - Photo 27](http://lh.rdcpix.com/56e4f31bb2d9a71f9d1e1dd7a0e7d5c6l-f3066995636r.jpg) ![196 E Madison Street #B - Photo 28](http://lh.rdcpix.com/56e4f31bb2d9a71f9d1e1dd7a0e7d5c6l-f1082276053r.jpg) ![196 E Madison Street #B - Photo 29](http://lh.rdcpix.com/56e4f31bb2d9a71f9d1e1dd7a0e7d5c6l-f1731645066r.jpg) ![196 E Madison Street #B - Photo 30](http://lh.rdcpix.com/56e4f31bb2d9a71f9d1e1dd7a0e7d5c6l-f2227258117r.jpg) ![196 E Madison Street #B - Photo 31](http://lh.rdcpix.com/56e4f31bb2d9a71f9d1e1dd7a0e7d5c6l-f270538216r.jpg) ![196 E Madison Street #B - Photo 32](http://lh.rdcpix.com/56e4f31bb2d9a71f9d1e1dd7a0e7d5c6l-f165346305r.jpg) ![196 E Madison Street #B - Photo 33](http://lh.rdcpix.com/56e4f31bb2d9a71f9d1e1dd7a0e7d5c6l-f3197310566r.jpg) ![196 E Madison Street #B - Photo 34](http://lh.rdcpix.com/56e4f31bb2d9a71f9d1e1dd7a0e7d5c6l-f2127248443r.jpg) ![196 E Madison Street #B - Photo 35](http://lh.rdcpix.com/56e4f31bb2d9a71f9d1e1dd7a0e7d5c6l-f2824168516r.jpg) ![196 E Madison Street #B - Photo 36](http://lh.rdcpix.com/56e4f31bb2d9a71f9d1e1dd7a0e7d5c6l-f74319828r.jpg) ![196 E Madison Street #B - Photo 37](http://lh.rdcpix.com/56e4f31bb2d9a71f9d1e1dd7a0e7d5c6l-f3044752618r.jpg) ![196 E Madison Street #B - Photo 38](http://lh.rdcpix.com/56e4f31bb2d9a71f9d1e1dd7a0e7d5c6l-f2845251339r.jpg) ![196 E Madison Street #B - Photo 39](http://lh.rdcpix.com/56e4f31bb2d9a71f9d1e1dd7a0e7d5c6l-f3793786024r.jpg) ![196 E Madison Street #B - Photo 40](http://lh.rdcpix.com/56e4f31bb2d9a71f9d1e1dd7a0e7d5c6l-f3183106373r.jpg) ![196 E Madison Street #B - Photo 41](http://lh.rdcpix.com/56e4f31bb2d9a71f9d1e1dd7a0e7d5c6l-f1858285889r.jpg) --- **MLS#:** 22113413 | **Updated:** 2026-09-24 **Source:** listhub *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.* [View on PropertySimple](https://www.propertysimple.ai/listing/196-e-madison-street-franklin-in-46131-22113413) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/196-e-madison-street-franklin-in-46131-22113413#listing", "url": "https://www.propertysimple.ai/listing/196-e-madison-street-franklin-in-46131-22113413", "name": "196 E Madison Street #B, Franklin, IN 46131", "description": "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. 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