205 Cobb St Franklin, VA 23851
Franklin AreaEstimated payment $1,229/month
About This Home
Investment Opportunity in Franklin! This duplex offers a great opportunity for investors looking to add an income-producing property to their portfolio or for an owner-occupant interested in living in one unit while generating rental income from the other. Each unit features 2 bedrooms and 1 full bathroom.
The left unit is currently tenant-occupied at $1,150 per month with a lease in place through January 2027, providing immediate rental income for the new owner. The right unit is currently vacant, offering flexibility to place a new tenant or potentially occupy the unit yourself.
With one unit already producing income and additional rental potential from the vacant unit, this property offers multiple possibilities for its next owner. Conveniently located near shopping, dining, schools, and other local amenities in Franklin. Schedule your showing and explore the investment potential at 205 Cobb Street!
Tenant-occupied unit requires appropriate notice for showings. 24 hrs notice is recommended
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,171
Year Built
- Built in 1952
Lot Details
- 8,756 Sq Ft Lot
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
Community Details
- 2 Units
- Franklin Subdivision
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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/12/2026 08/12/26 | For Sale | $205,000 | 0.0% | $132 / Sq Ft | |
| 08/01/2026 08/01/26 | Pending | -- | -- | -- | |
| 07/08/2026 07/08/26 | Price Changed | $205,000 | -4.7% | $132 / Sq Ft | |
| 05/03/2026 05/03/26 | Price Changed | $215,000 | -4.4% | $138 / Sq Ft | |
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $27,000 | -- | |
| Trustee Deed | $108,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $124,000 | New Conventional | |
| Previous Owner | $87,785 | New Conventional |
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.