Discover an exceptional multi-family investment opportunity in the heart of Franklin, NC! This remarkable property spans approximately 8.2 acres & is minutes from the vibrant downtown area. It features city sewer & water connections already in place, with additional options for expansion. With a well-balanced portfolio of income-generating properties, this site is positioned for immediate returns & future growth. The property includes 14 rental opportunities: 5 thoughtfully designed 3-bedroom, 2-bathroom townhomes built in 2010, perfect for attracting long-term tenants. There's an 8-unit apartment building built in 2012, each unit with 2 bedrooms & 2 bathrooms, meeting the region's strong rental demand. Additionally, a charming 3-bedroom, 2-bathroom single-family home built in 1954 offers versatility as a primary residence or a short-term rental. With considerable undeveloped land & plans for 17 additional residential units, including 15 townhomes & 2 apartments, investors can maximize returns in this desirable location. Franklin's mountain charm & access to highways make this property a rare find. Seize this opportunity to invest in stunning landscapes of Western North Carolina!
For sale
$3,200,000
520 Baird Cove Rd, Franklin, NC 28734
3beds
--sqft
Est.:
Residential, Townhouse, Current Rental
Built in 2012
8.4 Acres Lot
$3,142,300 Zestimate®
$--/sqft
$-- HOA
What's special
Considerable undeveloped land
- 3 days |
- 116 |
- 3 |
Zillow last checked: 8 hours ago
Listing updated: 13 hours ago
Listed by:
Vanessa Moore,
Highlands Sotheby's International Realty (Mls),
Craig Berry (MLS Only),
Highlands Sotheby's International Realty (Mls)
Source: Carolina Smokies MLS,MLS#: 26043206
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Level: First
Bedroom 2
- Level: First
Bedroom 3
- Level: First
Heating
- Electric
Cooling
- Central Electric
Appliances
- Included: Dishwasher, Freezer, Microwave, Electric Oven/Range, Refrigerator, Washer, Dryer, Electric Water Heater
Features
- Bonus Room, Breakfast Bar, Ceiling Fan(s), Ceramic Tile Bath, Kitchen/FR Combo, Main Level Living, Primary w/Ensuite, Primary on Main Level, Open Floorplan, Other
- Flooring: Carpet, Some Hardwoods, Ceramic Tile, Combination
- Windows: Windows-Storm All
- Basement: Other
- Attic: None
- Has fireplace: Yes
- Fireplace features: Wood Burning
Interior area
- Living area range: 4000+ Square Feet
Video & virtual tour
Property
Parking
- Parking features: Garage-Single Attached, Garage Door Opener, Paved Driveway
- Attached garage spaces: 1
- Has uncovered spaces: Yes
Features
- Patio & porch: Deck, Porch
- Has view: Yes
- View description: Short Range View, View-Winter
Lot
- Size: 8.4 Acres
- Features: Level, Level Yard, Within City Limits
Details
- Parcel number: 6584495942
Construction
Type & style
- Home type: Townhouse
- Architectural style: Traditional
- Property subtype: Residential, Townhouse, Current Rental
Materials
- HardiPlank Type, Stone
- Roof: Shingle
Condition
- Year built: 2012
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Crawford Land
Location
- Region: Franklin
Financial & listing details
- Tax assessed value: $2,847,750
- Annual tax amount: $9,417
- Date on market: 1/30/2026
- Listing terms: Cash,Conventional
- Road surface type: Paved
Estimated market value
$3,142,300
$2.99M - $3.30M
$1,859/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/30/2026 | Listed for sale | $3,200,000 |
Source: Carolina Smokies MLS #26043206 Report a problem | ||
| 12/3/2022 | Listed for rent | $1,750 |
Source: Zillow Rental Manager Report a problem | ||
Public tax history
BuyAbility℠ payment
Est. payment
$17,698/mo
Principal & interest
$15431
Property taxes
$1147
Home insurance
$1120
Climate risks
Neighborhood: 28734
Nearby schools
GreatSchools rating
- 5/10Cartoogechaye ElementaryGrades: PK-4Distance: 2.2 mi
- 6/10Macon Middle SchoolGrades: 7-8Distance: 2.9 mi
- 6/10Franklin HighGrades: 9-12Distance: 1.3 mi
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