STEEPED in history, this gorgeous renovated downtown Franklin property is a coveted one-of-a-kind address. This 1915 Carnegie Library served the surrounding community & in 1990 it was lovingly converted to 5 condos, retaining the architecture including mahogany barrel-vaulted ceilings, marble floors, lighted cabinetry... Three bedrooms, one on the main floor, fully RENOVATED BATHROOMS, custom closets, ALL NEW WINDOWS and custom blinds, expansive hand laid paver patio and many other features you can't miss. Owners manage HOA; covers building exterior, trash, water & sewer for $144/mo. One parking space behind the unit and on-street parking. Walk to all the amenities this thriving community offers.
Sold
$400,000
196 E Madison St, Franklin, IN 46131
3beds
1,828sqft
Residential, Condominium
Built in 1915
-- sqft lot
$401,500 Zestimate®
$219/sqft
$1,786 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: June 12, 2025 at 02:03pm
Listing Provided by:
Jobea Trefny jtrefny@callcarpenter.com,
Carpenter, REALTORS®
Bought with:
Rusty Harsin
Hoosier, REALTORS®
Source: MIBOR as distributed by MLS GRID,MLS#: 22036699

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 1
Primary bedroom
- Features: Marble
- Level: Basement
- Area: 242 Square Feet
- Dimensions: 22x11
Bedroom 2
- Features: Vinyl Plank
- Level: Basement
- Area: 156 Square Feet
- Dimensions: 13x12
Bedroom 3
- Features: Hardwood
- Level: Main
- Area: 154 Square Feet
- Dimensions: 14x11
Dining room
- Features: Hardwood
- Level: Main
- Area: 90 Square Feet
- Dimensions: 9x10
Kitchen
- Features: Hardwood
- Level: Main
- Area: 90 Square Feet
- Dimensions: 10x9
Living room
- Features: Hardwood
- Level: Main
- Area: 224 Square Feet
- Dimensions: 16x14
Heating
- Forced Air, Electric
Appliances
- Included: Dishwasher, Dryer, Electric Water Heater, MicroHood, Refrigerator, Washer, Water Softener Owned
- Laundry: Laundry Closet, Main Level
Features
- Attic Access, Bookcases, High Ceilings, Walk-In Closet(s), Entrance Foyer, High Speed Internet
- Windows: Wood Work Stained
- Basement: Daylight,Finished Ceiling
- Attic: Access Only
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 1,828
- Total interior livable area: 1,828 sqft
- Finished area below ground: 872
Property
Parking
- Parking features: Assigned
- Details: Garage Parking Other(Guest Street Parking, Other)
Features
- Levels: Two
- Stories: 2
- Entry location: Ground Level
- Patio & porch: Patio
Lot
- Size: 871.20 sqft
Details
- Parcel number: 410814043006002009
- Special conditions: Sales Disclosure Supplements
- Other equipment: Radon System
- Horse amenities: None
Construction
Type & style
- Home type: Condo
- Architectural style: Other
- Property subtype: Residential, Condominium
- Attached to another structure: Yes
Materials
- Brick
- Foundation: Block
Condition
- New construction: No
- Year built: 1915
Utilities & green energy
- Water: Municipal/City
Community & neighborhood
Location
- Region: Franklin
- Subdivision: Carnegie Commons
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $144 monthly
- Amenities included: Maintenance Grounds, Maintenance, Snow Removal, Trash
- Services included: Sewer, Maintenance Grounds, Maintenance Structure, Snow Removal, Trash
Services availability
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$401,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$401,500