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Duplex With Two Vacant Units
For Sale
$205,000
Pending

205 Cobb Street, Franklin, VA 23851

MULTI_FAMILY - Other - Franklin, VA

Property Size1,554 SF
Lot Size0.20 Acres
Days on Market206

Property Features for 205 Cobb Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning description R2
Parking features Driveway
Exterior features PavedDriveway
Subdivision Franklin
Elementary school S P Morton
Middle school J P King
High school Franklin
Standard status Pending
APN 121-059-141
Size 1,554 SF
Lot size 0.20 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description LOT 141 P R CAMP PLAT 205 & 207 COBB ST 121-(059)-141
Tax Annual Amount 1171
Legal Description LOT 141 P R CAMP PLAT 205 & 207 COBB ST 121-(059)-141

Utilities

Water source Public

Building Details

Year built 1952
Floors in Building 2
Number of units 2
Building materials Concrete, VinylSiding
Roof type Shingle
Architectural style Other
Listing Agency: EXP Realty LLC
Listed By: Brittany Smithers · License #0225256882
Added: Jan 11 Changed: Aug 1 Last Checked: Aug 5 at 10:06PM
MLS# 2600863

Copyright © 2026 Central Virginia Regional 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.

Investment Insights

Based on property information with market context.

Duplex at 205 Cobb Street in Franklin, VA 23851 offering two separate units under one roof. Each unit provides two bedrooms and one full bathroom, and both units are currently vacant. Total living area is approximately 1,554 square feet, with a functional duplex layout designed for independent use.

The property sits on a 0.201-acre lot and includes a paved driveway and parking by driveway. Construction materials include concrete with vinyl siding, and the roof is shingle. Public water service is available, supporting straightforward occupancy and tenant readiness. Built in 1952, the building’s exterior features and drive access are in place for an owner to prepare and lease both units as desired.

With two separate units and independent living arrangements, the duplex can support a variety of ownership approaches focused on leasing each unit or occupying one while renting the other.

Key Highlights

  • Two separate units; each unit has two bedrooms and one full bathroom
  • Both units are currently vacant
  • Approximately 1,554 square feet total living area

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Storage Facility Accounting Firm (Bike/Boat/Book/etc) Store Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

254
Businesses Nearby

Demographics for 23851, VA

13,258
Population
6,063
Households
2.2
Avg Household Size
44
Median Age
25%
College-Educated
88%
High-School Grad
108.7 sq mi
ZIP Area
122
Density / Sq Mi
$73,333
Median Household Income
$42,841
Median Earnings
$1,006
Median Rent
$222,700
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Duplex with two separate units, each with two bedrooms and one full bathroom, both currently vacant.
Where is this duplex located?
The property is located at 205 Cobb Street Franklin, VA.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: Two separate units; each unit has two bedrooms and one full bathroom; Both units are currently vacant; Approximately 1,554 square feet total living area
More about this property
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