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    5306 Franklin St Rocky Mount, VA 24151

    For Sale
    $239,900

    Triplex - Rocky Mount, VA

    Type:Triplex
    Lot size:
    0.42 Acres
    Days on Market:
    33
    Last Refresh:
    Dec 6 at 11:06 am

    Property Features for 5306 Franklin St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Standard status
    Active
    Lot size
    0.42 Acres

    Utilities

    Heating system
    Electric (Heating), Heat Pump (Heating)
    Cooling system
    Electric, Heat Pump

    Building Details

    Year built
    1952
    Number of units
    3
    Architectural style
    Other

    Roanoke MC LLC (540) 208-6102 [email protected]

    Listing agent TODD MAXEY (540) 208-6102

    Listing date Nov 4, 2025

    MLS# 920213 Listing URL

    Copyright © 2025 Roanoke Valley 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

    Rocky Mount Triplex Investment Opportunity

    This triplex in Rocky Mount, Virginia, presents an opportunity for house hacking or cash-flowing investment. The property currently generates $2425 per month in rent. Apartment 1 is a 1-bedroom efficiency occupied by month-to-month tenants. Apartment 2 has been freshly renovated and rented, featuring new LVP flooring, fresh paint, and a new range and refrigerator. Apartment 3 has also been recently renovated and rented, offering new LVP flooring, fresh paint, and new appliances, including a range and refrigerator. Situated on a 0.42-acre lot in Franklin County, this property is suited for a buyer seeking immediate rental income with long-term upside.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Restaurant Auto Repair Shop Auto Parts Store Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Rocky Mount
    County
    Franklin
    State
    Virginia
    Longitude
    -79.9463177
    Latitude
    36.949328

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    FAQs

    What type of property is this?
    Triplex - Cash-flowing triplex in Rocky Mount, ideal for investors.
    Where is this triplex located?
    The property is located at 5306 Franklin St Rocky Mount, VA.
    What is the asking price?
    The asking price for this property is $239,900.
    What are key features of this property?
    This property features: - Cash-flowing triplex generating $2425/month in rental income.; - Ideal for house hacking: live in one unit and rent out the other two.; - **Two recently renovated units** with new LVP flooring, fresh paint, ranges, and refrigerators.
    (540) 208-6102
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    5306 Franklin St Rocky Mount, VA 24151
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    Rocky Mount, VA 24151
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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
    5306 Franklin St Rocky Mount, VA 24151
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