$440,000
$55K PRICE DROP

306 Forest Ave Franklin, NC 28734

Estimated payment $2,480/month

Total Views 2,179
6 Beds
4 Baths
3,378 Sq Ft
$130 Price per Sq Ft

Highlights

  • Mountain View
  • Attached Carport
  • Asbestos
  • Laundry Room
  • Forced Air Heating and Cooling System
  • Wood Siding

About This Home

Investment Opportunity in the Heart of Franklin! Located just behind the VA and a short stroll from the new Franklin High School, this well-maintained quadplex offers a prime location and solid rental history. The property features two 2-bedroom/1-bath units and two 1-bedroom/1-bath units, each with easy access and just seconds from Franklin’s scenic Greenway. Recent updates include all new HVAC systems (2022) and PEX plumbing throughout (2024), giving peace of mind to investors. With a consistent rental history—100% occupancy across all units—this property is a proven income producer. Whether you’re looking to expand your portfolio or dive into multi-family investing, this opportunity in a high-demand area is ready for you. Property is agent owned.

Listing Agent

David Pinkerton

EXP Realty LLC Brokerage Email: david@pinkertonenterprises.com License #344340 Listed on: 07/07/2025

EXP Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,001

Year Built

  • Built in 1957

Lot Details

  • Cleared Lot

Home Design

  • Composition Roof
  • Wood Siding
  • Asbestos

Interior Spaces

  • 3,378 Sq Ft Home
  • Mountain Views

Kitchen

  • Electric Range
  • Range Hood
  • Microwave

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Basement

  • Exterior Basement Entry
  • Apartment Living Space in Basement
  • Crawl Space
  • Natural lighting in basement

Parking

  • Attached Carport
  • Driveway

Schools

  • Franklin High School

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for gas, sewer, water
  • Assessor Parcel Number 6594371353

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,001

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Fourplex
  • Year Built: 1957
  • Road Surface Type: Asphalt, Gravel, Paved
  • Geocode Confidence: High
  • Attribution Contact: david@pinkertonenterprises.com
  • Special Features: None

Interior Features

  • Foundation Details: Basement, Crawl Space
  • Fireplace: No
  • Appliances: Dryer, Electric Range, Electric Water Heater, Exhaust Hood, Microwave, Refrigerator, Washer
  • Owner Pays: Gas, Sewer, Water
  • Above Grade Finished Sq Ft: 2598
  • Has Basement: Apartment, Daylight, Exterior Entry
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Below Grade Sq Ft: 780
  • Living Area: 3378

Exterior Features

  • New Construction: No
  • Roof: Shingle, Composition
  • Construction Type: Site Built
  • View: Mountain(s), Year Round
  • Construction Type: Asbestos, Wood

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: Yes
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Attached Carport, Driveway

Utilities

  • Heating: Central, Ductless, Electric, Forced Air, Heat Pump
  • Sewer: Public Sewer
  • Laundry Features: In Unit
  • Cooling: Central Air, Ductless, Electric
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: None

Lot Info

  • Lot Features: Cleared, Views
  • Lot Size Area: 0.6
  • Lot Size Units: Acres
  • Parcel Number: 6594371353
  • Additional Parcels: No
  • Zoning Specification: FR2

Green Features

  • Green Verification Count: 0

Rental Info

  • Tenant Pays: All except water
  • Pets Allowed: Yes

Multi Family

  • Number Of Units Total: 4

MLS Schools

  • Elementary School: Unspecified
  • High School: Franklin

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
2024 $1,001 $258,990 $50,400 $208,590
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/06/2025 08/06/25 Price Changed $440,000 -4.3% $130 / Sq Ft
07/20/2025 07/20/25 Price Changed $460,000 -3.2% $136 / Sq Ft
07/16/2025 07/16/25 Price Changed $475,000 -2.1% $141 / Sq Ft
07/13/2025 07/13/25 Price Changed $485,000 -2.0% $144 / Sq Ft
07/07/2025 07/07/25 For Sale $495,000 -- $147 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

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Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4278190

Canopy MLS (Canopy Realtor® Association)

APN: 6594371353