Six-Unit Apartment
For Sale
$615,000
351 Porter Street, Franklin, NC 28734
COMMERCIAL - Franklin, NC
Property Size5,830 SF
Lot Size0.97 Acres
Price / SF$105.49
Days on Market92
Property Features for 351 Porter Street
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
7
Full bathrooms
7
Rooms
Bathroom 6, Bathroom 7, Bathroom 2, Bathroom 3, Bathroom 1, Bathroom 4, Bathroom 5
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
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
Listing Agency:
Realty One Group Vibe
(828) 370-8423
Listed By:
Thomas Evan Harrell · License #280365
(828) 371-5103
Added: May 12
Changed: Aug 4
Last Checked: Aug 11 at 5:06PM
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.
Investment Insights
Based on property information with market context.
This six-unit apartment building is set on a 0.97-acre commercial site in the Town of Franklin. Constructed with frame construction and a wood roof, the building was built in 1946 and totals 5,830 square feet. The apartments have painted sheetrock walls, carpeted flooring, and average-quality appliances, and they include kitchens and individual bathrooms. Heating is provided by baseboard and electric heating, and flooring is noted as vinyl. Paved parking is available for each unit, with two separate driveways providing access from Porter Street.
The property is located directly across from the entrance to Franklin High School, in Franklin, North Carolina.
All leases are currently on a month-to-month basis. The rental history described indicates low tenant turnover, and utilities include water available. A 7 percent cap rate is referenced in the property valuation details provided.
The property is located directly across from the entrance to Franklin High School, in Franklin, North Carolina.
All leases are currently on a month-to-month basis. The rental history described indicates low tenant turnover, and utilities include water available. A 7 percent cap rate is referenced in the property valuation details provided.
Key Highlights
- 0.97‑acre commercial site with a 5,830 SF, frame‑built six‑unit apartment building
- Directly across from the entrance to Franklin High School
- Six apartments currently leased month‑to‑month with low tenant turnover noted
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
870
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 - Six apartments in a frame building are currently leased month-to-month with paved parking and two driveways.
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: 0.97‑acre commercial site with a 5,830 SF, frame‑built six‑unit apartment building; Directly across from the entrance to Franklin High School; Six apartments currently leased month‑to‑month with low tenant turnover noted
