Six-Unit Apartment
For Sale
$615,000
351 Porter St, Franklin, NC 28734
Two driveways serve paved unit parking, while all current leases are month-to-month.
Property Size5,830 SF
Lot Size1.00 Acre
Price / SF$105.49
Days on Market180
Property Features for 351 Porter St
General Information
Standard status
Active
Size
5,830 SF
Lot size
1.00 Acre
Property subtype
Commercial
Additional Details
Cap Rate
7%
Road Access
Yes
Multifamily Units
6
Building Details
Year Built
1946
Buildings
1
Listing Agency:
Realty One Group Vibe
(828) 371-5103
Listed By:
Thomas Evan Harrell 8283708423 · License #280365
Source:
Realestateinthemountainsnc
Added: Mar 4
Changed: Aug 30
Last Checked: Aug 30 at 3:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty One Group Vibe
Investment Insights
Based on property information with market context.
This apartment property contains six units within a 5,830-square-foot building constructed in 1946. Each apartment includes a kitchen, bathroom, painted sheetrock walls, carpeted floors, and average-quality appliances. Paved parking is provided for the units, with access from two separate driveways on Porter Street.
The approximately one-acre property is positioned directly across from the entrance to Franklin High School in the Town of Franklin. Current occupancy is structured through month-to-month leases, providing flexibility in lease terms. The asset combines an established residential building with on-site parking and a location opposite a major institutional use.
The approximately one-acre property is positioned directly across from the entrance to Franklin High School in the Town of Franklin. Current occupancy is structured through month-to-month leases, providing flexibility in lease terms. The asset combines an established residential building with on-site parking and a location opposite a major institutional use.
Key Highlights
- Six apartment units in a 5,830‑square‑foot building
- Approximately one‑acre property across from the entrance to Franklin High School
- Built in 1946
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
827
Businesses Nearby
Explore this area
Business Placement
Demographics for 28734, NC
29,284
Population
18,472
Households
1.6
Avg Household Size
49
Median Age
21%
College-Educated
90%
High-School Grad
301.0 sq mi
ZIP Area
97
Density / Sq Mi
$50,221
Median Household Income
$35,913
Median Earnings
$779
Median Rent
$203,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two driveways serve paved unit parking, while all current leases are month-to-month.
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 $615,000.
What are key features of this property?
This property features: Six apartment units in a 5,830‑square‑foot building; Approximately one‑acre property across from the entrance to Franklin High School; Built in 1946
