About This Home

This 2-bedroom, 1-bathroom single family at 551 E Adams Street in Franklin, IN is listed for $300,000 ($158 per sqft). Built in 1900, the home offers 1,894 sqft of living space on a 0.14 acres lot.

Key Features

  • Built in 1900
  • 0.14 acre lot
  • 2 stories

Property Details

2 stories
1 full
1900

Amenities

A/C
Listing Description

Historic charm and modern updates come together in this beautifully refreshed home on a quiet street in downtown Franklin. You'll enjoy the convenience of downtown living, just a 5-10 minute walk to Franklin College, restaurants, shops, and local attractions, while maintaining a peaceful neighborhood feel.

With over $60,000 in recent improvements, this home offers 2 large bedrooms with flex space for a 3rd bedroom, office, etc. Soaring 10-foot ceilings, a formal dining room, and a fully updated eat-in kitchen with granite countertops create a warm and inviting space.

Improvements also include new windows and exterior doors, fresh paint, new carpet, custom closet systems in two closets, a brand-new washer/dryer combo, and Mitsubishi mini-split heating and cooling units upstairs. Water heater is only 2 years old! Outside, enjoy a large privacy-fenced backyard and the added convenience of off-street parking. Move-in ready, this home offers the perfect blend of historic charm, modern comfort, and an unbeatable location. 12 month home warranty included.

Monthly Cost Estimate

$1,604/mo

20% down · 6.5% · 30 years

Principal$217
Interest$1,300
Insurance$88

Estimates only. Actual payments may vary.

Location

551 E Adams Street

Franklin, IN 46131

No Subdivision

Features & Amenities

Interior Features

High CeilingsEntrance FoyerPaddle FanEat-in KitchenSmart ThermostatWood Work Painted

Exterior Features

Storage Shed

Property Details

Construction

Vinyl Siding

Outdoor Features

Patio

Heating

Natural GasForced Air

Cooling

DuctlessCentral Air

Appliances

DishwasherDryerGas Water HeaterMicrowaveGas OvenRefrigeratorWasherWater Softener Owned

Questions & Answers

This 2-bedroom, 1-bathroom single family at 551 E Adams Street is listed at $300,000 ($158/sqft). The estimated monthly payment is $1,605 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1900, 0.14 acre lot, 2 stories. Interior Features: High Ceilings, Entrance Foyer, Paddle Fan. Exterior Features: Storage Shed.

This property is listed by Elyssa Hill and can be reached at (317) 844-5111.

EH

Elyssa Hill

Agent at CENTURY 21 Scheetz

(317) 844-5111

Listed by CENTURY 21 Scheetz · Broker phone: (317) 844-5111 · View on Broker Site

MLS# 22110409· Source: Broker Listing Cooperative®· 55 days on PropertySimple

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.

551 E Adams Street, Franklin, IN 46131

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