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6-Unit Apartment Building
For Sale
$615,000

351 Porter Street, Franklin, NC 28734

Commercial Sale, Franklin, NC

Property Size5,830 SF
Lot Size0.97 Acres
Price / SF$105.49
Days on Market172

Property Features for 351 Porter Street

General Information

Property type Commercial Sale
Property subtype Other
Bathrooms 7
Full bathrooms 7
Rooms Bathroom 2, Bathroom 5, Bathroom 3, Bathroom 1, Bathroom 6, Bathroom 7, Bathroom 4
Parking features Driveway
Subdivision Summer Hill
Lot features City, Open Lot, City Lot
Directions From Courthouse in Franklin take Main Street and tun LEFT on Porter Street. Property will be across the road from High School.
Standard status Active
APN 6594074911
Size 5,830 SF
Lot size 0.97 Acres

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Annual Amount 3628

Utilities

Utilities Water Available
Heating system Electric (Heating), Baseboard

Building Details

Year built 1946
Floors in Building 2
Flooring type Vinyl
Building materials Frame
Roof type Wood
Buildings 1
Listing Agency: Realty One Group Vibe
Listed By: Thomas Evan Harrell · License #280365
Added: May 12 Changed: Oct 30 Last Checked: Oct 30 at 1:06PM
MLS# 26047220

Copyright © 2026 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.

Rey
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Investment Insights

Based on property information with market context.

This 5,830-square-foot apartment property contains six residential units on approximately 0.97 acres. Each unit includes a kitchen, bathroom, painted sheetrock walls, carpeted flooring, and appliances. The building was constructed in 1946 with frame construction, and water is available at the property.

Paved parking is provided for each unit, with two separate driveway connections from Porter Street. The property is positioned directly across from the entrance to Franklin High School. All current leases are month-to-month, providing a consistent lease structure across the apartment units.

Key Highlights

  • Six apartment units within a 5,830‑square‑foot building
  • Approximately 0.97 acres across from the entrance to Franklin High School
  • Paved parking available for each apartment

Property Analytics

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Lease Details

6
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

827
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Six residential units with kitchens, bathrooms, paved parking, and two driveway connections from Porter Street.
Where is this apartment building located?
The property is located at 351 Porter Street 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 within a 5,830‑square‑foot building; Approximately 0.97 acres across from the entrance to Franklin High School; Paved parking available for each apartment
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