$124,900
- 1,036 Sq Ft
308 Hogart St, Franklin, VA 23851
Amanda Crumpler Hometown Realty LLC
5
Franklin, VA Multifamily Homes & Duplexes for Sale
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308 Hogart St, Franklin, VA 23851
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Explore Franklin
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$245,000
- 4 Beds
- 3 Baths
- 1,890 Sq Ft
418 Walnut St, Franklin, VA 23851
418 Walnut St, Franklin, VA 23851Tiffany Campbell COVA Home Realty
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$175,000
- 1,554 Sq Ft
205 Cobb St, Franklin, VA 23851
205 Cobb St, Franklin, VA 23851Sonya Davis Summit Realty Group LLC
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$248,100 Open Sun 12PM - 4PM
- 3 Beds
- 2.5 Baths
- 1,442 Sq Ft
110 Summit Path, Franklin, VA 23851
110 Summit Path, Franklin, VA 23851Jennifer Lovell BHHS RW Towne Realty
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$245,000 New Construction
- 4 Beds
- 3 Baths
- 1,890 Sq Ft
420 Walnut St, Franklin, VA 23851
420 Walnut St, Franklin, VA 23851Tiffany Campbell COVA Home Realty
Why Live in Franklin
Franklin, an independent city in southeast Virginia, has a rich history dating back to the 19th century when it served as a railroad stop. Located in the western Tidewater region along the Blackwater River, Franklin is surrounded by wetlands and farmland. Major employers in the area include Bon Secours Southampton Medical Center, Paul D. Camp Community College, and an international paper mill. The city is approximately 22 miles from Suffolk, 45 miles from Norfolk, and 27 miles from the North Carolina border. Downtown Franklin Historic District is the community's hub, featuring florists, bakeries, shops, and eateries like Fred’s Restaurant and Wydia’s Bistro. Franklin’s Market offers fresh produce and bakery items twice a week. Housing options range from historic craftsman and American foursquare homes to contemporary residences with large yards. Commuters can access Suffolk and Norfolk via U.S. Route 58, and public transportation for seniors is available through the Department of Aging Services. Barrett’s Landing Park provides scenic views of the Blackwater River, fishing, and boating access, while Armory Drive Recreational Park offers sports fields, playgrounds, and a swimming pool. The Dr. Martin Luther King, Jr. Community Center and Cypress Cove Country Club are also popular destinations. Franklin hosts annual events like the Franklin Fall Festival, Christmas Parade, and Downtown Boo Bash. However, residents should be aware that the paper mill can sometimes produce an odor that permeates the town.
Home Trends in Franklin, VA
On average, homes in Franklin, VA sell after 50 days on the market compared to the national average of 52 days. The median sale price for homes in Franklin, VA over the last 12 months is $254,385, down 7% from the median home sale price over the previous 12 months.
Housing Trends
Median Sale Price
$254,385
Median Single Family Sale Price
$275,000
Median Townhouse Sale Price
$180,000
Median 2 Bedroom Sale Price
$135,000
Average Price Per Sq Ft
$151
Number of Homes for Sale
32
Last 12 months Home Sales
169
Months of Supply
2.30
Median List Price
$258,942
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-7%
In Franklin, there are currently 5 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $124,900 to $248,100, there's a range to accomodate every budget. As of September, 2025 the median home price in Franklin is $258,942, while the average sale price is $258,303, offering insights into the local housing market. On average, multi-family homes spend 50 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Franklin, VA.
Franklin Types of Homes for Sale
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