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Waterfront Duplex
New
For Sale
$129,000

318 Clay Street, Franklin, VA 23851

Multi Family Residential, Side by Side, Franklin, VA

Property Size2,020 SF
Price / SF$63.86
Days on Market4

Property Features for 318 Clay Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning R2
Subdivision ALL OTHERS AREA 67
Elementary school S.P. Morton Elementary
Middle school Joseph P. King Jr. Middle
Standard status Active
Size 2,020 SF

Taxes and HOA fees

Tax Annual Amount 1660

Utilities

Water front features Waterfront

Building Details

Year built 1960
Roof type Shingle
Architectural style Other
Listing Agency: VA Realty Professionals
Listed By: Laura Mcguire
Added: Aug 27 Last Checked: Aug 30 at 9:06PM
MLS# 10651138

Copyright © 2026 Real Estate Information Network, Inc. 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.

This waterfront duplex contains 2,020 square feet across two separate residences. Each unit includes 2 bedrooms and 1 bathroom, with individual layouts that support distinct occupancy arrangements. The property was built in 1960 and has a shingle roof, with R2 zoning supporting its residential configuration.

Located at 318 Clay Street in Franklin, Virginia, the property is near local shopping, dining, and major routes. The two-unit format allows an owner to occupy one residence while renting the other, use both units as rentals, or accommodate multigenerational living, as supported by the property's separate layouts.

Key Highlights

  • Waterfront duplex at 318 Clay Street, Franklin, VA 23851
  • 2,020 square feet with two separate residential units
  • Each unit includes 2 bedrooms and 1 bathroom

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Dental Office HVAC Service Skin Care Clinic Garden Center (Bike/Boat/Book/etc) Store Storage Facility

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

2
Residential units

Location Intelligence

Trade Area within ½ mile

466
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 - Side-by-side residences provide separate layouts with flexibility for rental use or owner occupancy.
Where is this duplex located?
The property is located at 318 Clay Street Franklin, VA.
What is the asking price?
The asking price for this property is $129,000.
What are key features of this property?
This property features: Waterfront duplex at 318 Clay Street, Franklin, VA 23851; 2,020 square feet with two separate residential units; Each unit includes 2 bedrooms and 1 bathroom
More about this property
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