205 Cobb St Franklin, VA 23851
Estimated payment $1,291/month
About This Home
Great investment opportunity in the heart of Franklin! This duplex features two separate units, each offering 2 bedrooms and 1 full bathroom, making it an excellent option for investors or buyers looking to generate rental income. With approximately 1,554 square feet of living space, the property offers functional layouts and strong income potential.
Both units are currently vacant, providing the perfect opportunity for the next owner to place their own tenants, set market rents, or occupy one unit while renting the other. Whether you're looking to add to your investment portfolio, create a house-hack opportunity, or renovate and maximize value, this property offers plenty of flexibility.
Conveniently located near local amenities, shopping, schools, and downtown Franklin, this duplex presents a great opportunity for both new and experienced investors. With solid income potential and two separate units, this is a property you won’t want to miss.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,171
Year Built
- Built in 1952
Home Design
- Duplex
- Shingle Roof
- Vinyl Siding
- Concrete Block And Stucco Construction
Interior Spaces
- 1,554 Sq Ft Home
- 2-Story Property
Parking
- Driveway
- Paved Parking
Schools
- S P Morton Elementary School
- J P King Middle School
- Franklin High School
Additional Features
- 8,756 Sq Ft Lot
- Sewer Not Available
Community Details
- 2 Units
- Franklin Subdivision
- The community has rules related to allowing corporate owners
Listing and Financial Details
- Tax Lot 141
- Assessor Parcel Number 121-059-141
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,171 | $113,700 | $21,500 | $92,200 |
| 2024 | -- | $113,700 | $21,500 | $92,200 |
| 2023 | $799 | $77,600 | $12,100 | $65,500 |
| 2022 | $799 | $77,600 | $12,100 | $65,500 |
| 2021 | $734 | $71,300 | $10,900 | $60,400 |
| 2020 | $679 | $71,300 | $10,900 | $60,400 |
| 2019 | $679 | $68,600 | $10,900 | $57,700 |
| 2018 | $679 | $68,600 | $10,900 | $57,700 |
| 2017 | $897 | $90,600 | $16,600 | $74,000 |
| 2016 | $897 | $90,600 | $16,600 | $74,000 |
| 2015 | -- | $0 | $0 | $0 |
| 2014 | -- | $0 | $0 | $0 |
| 2013 | -- | $0 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/15/2026 04/15/26 | Price Changed | $225,000 | -2.2% | $145 / Sq Ft | |
| 03/09/2026 03/09/26 | For Sale | $230,000 | 0.0% | $148 / Sq Ft | |
| 02/20/2026 02/20/26 | Off Market | $230,000 | -- | -- | |
| 02/19/2026 02/19/26 | For Sale | $230,000 | +148.6% | $148 / Sq Ft | |
| 11/17/2025 11/17/25 | Sold | $92,500 | -47.1% | $60 / Sq Ft | View Prior Sale |
| 10/02/2025 10/02/25 | Pending | -- | -- | -- | |
| 07/19/2025 07/19/25 | Price Changed | $175,000 | -5.4% | $113 / Sq Ft | |
| 06/24/2025 06/24/25 | For Sale | $185,000 | +100.0% | $119 / Sq Ft | |
| 06/24/2025 06/24/25 | Off Market | $92,500 | -- | -- | |
| 06/23/2025 06/23/25 | For Sale | $185,000 | +100.0% | $119 / Sq Ft | |
| 06/23/2025 06/23/25 | Off Market | $92,500 | -- | -- | |
| 06/15/2025 06/15/25 | For Sale | $185,000 | -- | $119 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $27,000 | -- | |
| Trustee Deed | $108,000 | -- |
Source: Central Virginia Regional MLS
MLS Number: 2600863
APN: 121-059-141
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All or a portion of th multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2026 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.
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Ask me questions while you tour the home.