Discover an exceptional multi-family investment opportunity in the heart of Franklin, NC! This remarkable property spans approximately 8.2 acres and is located just minutes from the vibrant downtown area. It features city sewer and water connections that are already in place for existing buildings, with additional connections available for expansion. This presents a rare and lucrative opportunity for savvy investors. With a well-balanced portfolio of income-generating properties, this site is positioned for both immediate returns and future growth potential. The property features 14 rental opportunities, including 5 thoughtfully designed 3-bedroom, 2-bathroom townhomes built in 2010, ideal for attracting long-term tenants seeking quality housing. Additionally, there is an 8-unit apartment building, built in 2012, with each unit consisting of 2 bedrooms and 2 bathrooms, strategically located to meet the region's strong rental demand, ensuring a consistent and reliable income stream. Furthermore, the property includes a charming 3-bedroom, 2-bathroom single-family home built in 1954, offering flexibility for use as either a primary residence or a short-term rental and appealing to a variety of potential occupants. One of the standout features of this property is its expansion potential. There is a considerable amount of undeveloped land available, and plans are already in place to construct an additional 17 residential units, including 15 townhomes and 2 apartment units. Investors can maximize returns in this highly desirable location. Additionally, these townhomes possess the opportunity for subdivision, allowing for each unit to be transformed and sold individually. Franklin is renowned for its enchanting mountain charm and offers convenient access to major highways and an array of local attractions, making it a prime choice for both residents and investors alike. Whether you're aiming to enhance your real estate portfolio or explore the potential of a mixed-use development, this property is a rare find with substantial upside. Don’t let this opportunity slip away! Seize your chance to invest in the stunning landscapes of the Western North Carolina mountains today!

Listing courtesy of Craig Berry of Highlands Sotheby’s International Realty – DT



Listing information is provided by Participants of the Highlands Cashiers Board of REALTORS MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Highlands Cashiers Board of REALTORS MLS.
Data last updated at: 2026-04-04 02:37 AM UTC