Sold for $430,000

$430,000

306 Forest Ave, Franklin, NC 28734

6beds

3,378sqft

Residential, Multi Family, Current Rental

Built in 1957

-- sqft lot

$422,800 Zestimate^®

$127/sqft

$1,143 Estimated rent

Home value

$422,800

$376,000 - $469,000

$1,143/mo

Zestimate^® history

Owner options

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$1,143/mo

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$1,143/mo

Rent Zestimate^®

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$2,471/mo

Est. payment

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$2,471/mo

Est. payment

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What's special

Investment Opportunity in the Heart of Franklin! Located just behind the VA and a short stroll from the new Franklin High School, this well-maintained quadplex offers a prime location and solid rental history. The property features two 2-bedroom/1-bath units and two 1-bedroom/1-bath units, each with easy access and just seconds from Franklin's scenic Greenway. Recent updates include all new HVAC systems (2022) and PEX plumbing throughout (2024), giving peace of mind to investors. With a consistent rental history—100% occupancy across all units—this property is a proven income producer. Whether you're looking to expand your portfolio or dive into multi-family investing, this opportunity in a high-demand area is ready for you. Property is agent owned.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 4
Full bathrooms: 4

Primary bedroom

Level: First

Bedroom 2

Level: First

Bedroom 3

Level: First

Bedroom 4

Level: First

Heating

Electric, Forced Air, Heat Pump, Mini-Split

Cooling

Central Electric, Heat Pump, Ductless

Appliances

Included: Microwave, Electric Oven/Range, Refrigerator, Washer, Dryer, Electric Water Heater

Features

Ceiling Fan(s), Main Level Living
Flooring: Vinyl, Some Hardwoods, Ceramic Tile, Concrete, Other-See Remarks
Doors: Other Doors (See Remarks)
Windows: Other Windows (See Remarks)
Basement: Exterior Entry
Attic: Access Only
Has fireplace: No
Fireplace features: None

Interior area

Total structure area: 3,378
Total interior livable area: 3,378 sqft

Property

Parking

Parking features: Carport-Single Attached
Carport spaces: 1

Features

Exterior features: None
Has view: Yes
View description: View Year Round

Lot

Size: 0.6 Acres
Features: Rolling

Details

Parcel number: 6594371353

Construction

Type & style

Home type: MultiFamily
Property subtype: Residential, Multi Family, Current Rental

Materials

Wood Siding, Composition Siding, Asbestos
Roof: Composition,Fiberglass,Shingle

Condition

Year built: 1957

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Cell Service Available

Community & HOA

Community

Subdivision: None

Location

Region: Franklin

Financial & listing details

Price per square foot: $127/sqft
Tax assessed value: $258,990
Annual tax amount: $1,855
Date on market: 6/28/2025
Listing terms: Cash,Conventional,FHA
Road surface type: Paved

Price history

Date	Event	Price
8/20/2025	Sold	$430,000-2.3%$127/sqft
Source: Carolina Smokies MLS #26041410 Report a problem
8/7/2025	Contingent	$440,000$130/sqft
Source: Carolina Smokies MLS #26041410 Report a problem
8/6/2025	Price change	$440,000-4.3%$130/sqft
Source: Carolina Smokies MLS #26041410 Report a problem
7/20/2025	Price change	$460,000-3.2%$136/sqft
Source: Carolina Smokies MLS #26041410 Report a problem
7/16/2025	Price change	$475,000-2.1%$141/sqft
Source: Carolina Smokies MLS #26041410 Report a problem
7/13/2025	Price change	$485,000-2%$144/sqft
Source: Carolina Smokies MLS #26041410 Report a problem
7/5/2025	Price change	$495,000-5.7%$147/sqft
Source: Carolina Smokies MLS #26041410 Report a problem
6/28/2025	Listed for sale	$525,000+201.9%$155/sqft
Source: Carolina Smokies MLS #26041410 Report a problem
10/29/2018	Listing removed	$173,900$51/sqft
Source: Carrington Real Estate Service (MLS) #26007700 Report a problem
3/6/2018	Price change	$173,900-0.6%$51/sqft
Source: Carrington Real Estate Service (MLS) #26007700 Report a problem
11/12/2017	Price change	$174,900-2.8%$52/sqft
Source: Carrington Real Estate Service #26006222 Report a problem
9/4/2017	Listed for sale	$179,900+95.5%$53/sqft
Source: Carrington Real Estate Service #26006222 Report a problem
12/22/2009	Sold	$92,000$27/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,001	$258,990
2024	$1,001 +5.3%	$258,990 -0.8%
2023	$950 +6.9%	$261,140 +57.2%
2022	$889 +3%	$166,170
2021	$863 +5.1%	$166,170
2020	$821 +1.6%	$166,170
2019	$808	$166,170 -8.5%
2018	$808 -2.4%	$181,640
2017	$828	$181,640
2016	$828 +2.2%	$181,640
2015	$810 +2.9%	$181,640 -11.2%
2014	$787	$204,550
2013	$787	$204,550
2012	--	$204,550
2011	--	$204,550
2010	--	$204,550