Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    351 Porter St Franklin, NC 28734

    For Sale
    $625,000

    Multi-Family - Franklin, NC

    Type:Multi Family
    Lot size:
    0.97 Acres
    Days on Market:
    183
    Last Refresh:
    Dec 10 at 10:06 pm

    Property Features for 351 Porter St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Multi Family
    Standard status
    Active
    APN
    6594074911
    Parking features
    Driveway, Paved or Surfaced
    Lot size
    0.97 Acres

    Utilities

    Heating system
    Baseboard, Electric (Heating)
    Cooling system
    None (Cooling)

    Building Details

    Flooring type
    Vinyl
    Building materials
    Frame
    Roof type
    Wood
    Architectural style
    Other

    Evan Harrell Realty, Inc. (828) 371-5103

    Listing agent Thomas Evan Harrell (828) 370-8423

    Listing date Jun 11, 2025

    MLS# 26041207 Listing URL

    Copyright © 2025 Carolina Smokies Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Franklin Multifamily Investment Opportunity

    This approximately one-acre commercial site is located in Franklin, North Carolina, directly across from the entrance to Franklin High School. The property includes a building with six apartment units, managed to ensure low tenant turnover. The units are typically leased to long-term tenants, and all leases are currently month-to-month. The units feature painted sheetrock walls, carpeted flooring, average-quality appliances, bathrooms, and kitchens. Ample paved parking is available for each unit, with two separate driveways providing access from Porter Street. The rental market in Franklin is thriving, with very low vacancy rates and significantly rising rents over the past several years. The property is priced below market value and has a valuation of $650,000 at a 7 percent cap rate. Property valuation details are available upon request.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Macon
    State
    North Carolina
    Longitude
    -83.3840367
    Latitude
    35.1760161

    Nearby Similar for Sale

    • $1,900,000
      0.87 Acres

      Historic Downtown Commercial Building For Sale

      Iconic two-story building in Franklin's core business district.
      9 Stewart St, Franklin, NC 28734
      View Details
    • $565,000
      Pending

      Franklin, NC Single-Level Home

      Modern mountain home on 1.25 acres with ridge-line views.
      202 Wild Pear Ln, Franklin, NC 28734
      View Details
    • $1,595,000
      7.56 Acres

      Mountain Estate with Trout Stream

      Picturesque mountain estate with pastureland, stream, pool, and custom home.
      5643 Upper Burningtown Rd, Franklin, NC 28734
      View Details
    • $1,100,000
      4.59 Acres

      Thriving RV Campground with Renovated Farmhouse

      RV campground with 20 rentable sites and renovated farmhouse.
      2155 Old Murphy Rd, Franklin, NC 28734
      View Details
    • $379,000
      0.90 Acres

      Commercial/Residential Property with Mountain Views

      Versatile property on 0.9 acres with high visibility.
      8356 Sylva Rd, Franklin, NC 28734
      View Details
    • $1,100,000
      1,425 SF

      Renovated Farmhouse with RV Campground

      Farmhouse and RV campground near downtown Franklin, North Carolina.
      2155 Old Murphy Rd, Franklin, NC 28734
      View Details

    FAQs

    What type of property is this?
    Apartment building - Six-unit apartment building near Franklin High School.
    Where is this apartment building located?
    The property is located at 351 Porter St Franklin, NC.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: - Priced below market value at a 7% cap rate ($650,000 valuation).; - Prime commercial location directly across from Franklin High School.; - Approximately one-acre site with ample paved parking and two driveways.
    (828) 370-8423
    Request Owner's contact information
    351 Porter St Franklin, NC 28734
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    351 Porter St
    Franklin, NC 28734
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    351 Porter St Franklin, NC 28734
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.