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Franklin NC Multifamily Investment Opportunity

520 Baird Cove Rd lot 8-14 +, Franklin, NC 28734

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For Sale

$3,100,000

MULTI_FAMILY - Franklin, NC

Lot size:

8.20 Acres

HighLights

Approximately 8.2 acres in Franklin, NC with 14 rental opportunities: 5 townhomes, an 8‑unit apartment building, and a single‑family home
5 three‑bedroom, 2‑bath townhomes built in 2010
8‑unit apartment building built in 2012; each unit has 2 bedrooms and 2 bathrooms
3‑bedroom, 2‑bath single‑family home built in 1954
Public water and public sewer connections are in place for existing buildings; additional connections available for expansion
Plans included to construct an additional 17 residential units (15 townhomes, 2 apartment units); townhomes may be subdivided for individual sale

We can help!

Contact an agent

Craig Berry

For Sale

$3,100,000

MULTI_FAMILY - Franklin, NC

Lot size:

8.20 Acres

Added:: Jan 27, 2026
Days on Market:: 155
Last Refresh:: Jul 1 at 12:06 am

Property Features for 520 Baird Cove Rd lot 8-14 +

General Information

Property type: Residential Multi Family
Property subtype: Other
Parking features: Open, Carport, Garage
Interior features: BuiltInFeatures, CeilingFans, EatInKitchen, HighSpeedInternet, OpenFloorplan, StoneCounters, Storage
Exterior features: PrivateEntrance
Standard status: Active
APN: 6584495942
Lot size: 8.20 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Description: BRUCE PALMER SUBD/CRAWFORD FARM
Tax Annual Amount: 7976

Utilities

Sewer type: Public Sewer
Heating system: Electric (Heating), Heat Pump (Heating)
Cooling system: Heat Pump, Central Air, Electric, Ceiling Fan(s)
Water source: Public

Building Details

Year built: 2012
Flooring type: Linoleum, Tile, Hardwood, Carpet
Roof type: Asphalt, Shingle
Additional Structures: Storage

We can help!

Contact an agent

Craig Berry

Listing agent Craig Berry

Listing office Highlands Sotheby's International Realty - DT 114 N 4th Street, NC

Listing date Jan 27, 2026

MLS# 1002469

Copyright © 2026 Highlands Cashiers Board 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.

HighLights

Approximately 8.2 acres in Franklin, NC with 14 rental opportunities: 5 townhomes, an 8‑unit apartment building, and a single‑family home
5 three‑bedroom, 2‑bath townhomes built in 2010
8‑unit apartment building built in 2012; each unit has 2 bedrooms and 2 bathrooms
3‑bedroom, 2‑bath single‑family home built in 1954
Public water and public sewer connections are in place for existing buildings; additional connections available for expansion
Plans included to construct an additional 17 residential units (15 townhomes, 2 apartment units); townhomes may be subdivided for individual sale

Overview

Located in Franklin, NC, this multi-family property offers an investment opportunity on approximately 8.2 acres. The property is located minutes from downtown and has city sewer and water connections already in place for existing buildings, with additional connections available for expansion. The property features 14 rental opportunities, including five 3-bedroom, 2-bathroom townhomes built in 2010. There is also an 8-unit apartment building, built in 2012, with each unit consisting of 2 bedrooms and 2 bathrooms. Additionally, the property includes a 3-bedroom, 2-bathroom single-family home built in 1954. There is undeveloped land available, and plans are in place to construct an additional 17 residential units, including 15 townhomes and 2 apartment units. The existing townhomes possess the opportunity for subdivision, allowing for each unit to be transformed and sold individually. Franklin offers convenient access to major highways and local attractions.

Property Profile Location Intelligence

Current Use by Public Records

Single family properties

Suggested Use

Location Insight

Map
Local Demand

City: Franklin
County: Macon
State: North Carolina
Longitude: -83.4033613
Latitude: 35.1812088

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For sale
Multifamily properties
NC
Franklin
28734
520 Baird Cove Rd lot 8-14 +

What type of property is this?

Multifamily property - 8.2-acre multifamily property with 14 units and expansion potential.

Where is this multifamily property located?

The property is located at 520 Baird Cove Rd lot 8-14 + Franklin, NC.

What is the asking price?

The asking price for this property is $3,100,000.

What are key features of this property?

This property features: Approximately 8.2 acres in Franklin, NC with 14 rental opportunities: 5 townhomes, an 8‑unit apartment building, and a single‑family home; 5 three‑bedroom, 2‑bath townhomes built in 2010; 8‑unit apartment building built in 2012; each unit has 2 bedrooms and 2 bathrooms

520 Baird Cove Rd lot 8-14 +, Franklin, NC 28734

MULTI_FAMILY - Franklin, NC

Property Features for 520 Baird Cove Rd lot 8-14 +

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Commercial Processing & Office Building

Three-Story Mixed-Use Building

Metal Workshop and Office Building

Historic Two-Story Commercial Building

Former Bank Office Building

Mechanic Shop with Hydraulic Lifts

Historic Building with Sunroom

Franklin Commercial Property with Warehouse

Move-in Ready Commercial Office Building

Move-In Ready Class B Office Building

Franklin NC Apartment Building

Commercial Property in Franklin, NC

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