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1415 E Morrison St #A/b, Frankfort, IN, 46001

4beds
2baths
1,848sqft
$290,000
$157price/sqft
$2,037/moest. monthly cost
$81,480/yrincome needed

About This Home

What a great investment property! 1415 East Morrison Street in Frankfort is a newly-constructed duplex finished in August of 2025, and is already tenant-occupied. These two beautiful units showcase large, open living spaces and kitchen that flow into the large bedrooms. Each bedroom has spacious closet space. Everything is new, gorgeous, and appears vibrant. The pictures speak louder than words! This is a great and unique property to add to anyone's investment portfolio! Schedule you showing today with your favorite agent! Buyer to verify square footage

Getting Around

39
WalkingCar-Dependent
0
TransitVery Limited Transit
44
BikeSomewhat Bikeable

Schools

7/10
Frankfort Middle SchoolGrades 6-80.7 mi
3/10

Construction

Condition

  • New construction: Yes
  • Year built: 2025

Materials

  • Construction materials: Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex

Interior

Appliances

  • Appliances included: Electric Water Heater

Basement

  • Basement: Other

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Flooring: Vinyl
  • Finished area below ground: 0
  • Finished area above ground: 1,848

Heating & Cooling

  • Heating features: Natural Gas,Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,848
  • Total interior livable area: 1,848 sqft

Property

Details

  • Parcel number: 121011207007.000021

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 5,662 sqft
  • Features: Level,0-2.9999
  • Lot size dimensions: 44X132

Parking

  • Total spaces: 4

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Cold Wave
Strong Wind
Winter Weather
Hail
Heat Wave
Lightning
Tornado

FEMA Declared Disasters Across Indiana Counties

Flood
Severe Storm
Snowstorm
Straight Line Winds
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,466$17,592
Home Insurance *$233$2,796
Property Taxes $154$1,848
Electricity $184$2,212
Total$2,037$24,444
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$69,840/yr
40% on housing$61,110/yr
45% on housing$54,320/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 810Commercial: 30
Total Premiums$1.77M
Total Exposure$1.82M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.2%
9.2%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: -2.9%
-2.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$157This listing

vs Other Active Listings

Avg $/sqft

ZIP 46001$72
Clinton County$118

vs Homes Sold Last Month

Median $/sqft

ZIP 46001$96
Clinton County$144

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-05-12Pending sale$300,000
2026-03-21Listed for sale$300,000

New Construction

AgentJohn Brannan
BrokerageEpique Inc.

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