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    1314 Franklin Ave High Point, NC 27260

    New
    For Sale
    $340,000

    Rooming House - High Point, NC

    Days on Market:
    2
    Last Refresh:
    Dec 13 at 2:06 pm

    Property Features for 1314 Franklin Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    rm
    Parking features
    On Street

    Building Details

    Year built
    1922
    Architectural style
    Other

    Versatile Real Estate Group (919) 225-0660 [email protected]

    Listing agent Carlos Parks (919) 225-0660

    Listing date Dec 12, 2025

    MLS# 1203902 Listing URL

    Copyright © 2025 Triad Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Income-Generating Rooming House Opportunity

    This property presents an opportunity to own an income-producing asset with 7 active leases already in place. The property is located in High Point, North Carolina. The zoning is 'rm'. It offers the potential to generate over $3000 per month from day one. The property is currently listed for sale.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    High Point
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.986741
    Latitude
    35.954929

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    FAQs

    What type of property is this?
    Single family property - High-Point, NC rooming house with immediate cash flow.
    Where is this single family property located?
    The property is located at 1314 Franklin Ave High Point, NC.
    What is the asking price?
    The asking price for this property is $340,000.
    What are key features of this property?
    This property features: - Income producing asset.; - Generates over $3000 per month in income from 7 active leases.; - Enjoy a 10+% Cap Rate.
    (919) 225-0660
    Request Owner's contact information
    1314 Franklin Ave High Point, NC 27260
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1314 Franklin Ave High Point, NC 27260
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