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$3,200,000
3544494 MLS ACTIVE Status 37064 Zip Code
PROPERTY OVERVIEW An exceptional, rarely available multi-family portfolio is now on the market in the highly coveted Historic Downtown Franklin District. This premier offering features four distinct duplexes (eight units total), presenting an incredible opportunity for savvy investors, equity funds, developers, or multi-generational buyers to secure premium real estate in one of the nation's most robust rental and resale markets. Current units rent quickly at around $1,200/month and have delivered a strong, stable history of high occupancy and consistent rental growth. Situated just blocks from award-winning Main Street, residents enjoy seamless access to Franklin's world-class boutique shopping, chef-driven dining, historic architecture, and vibrant community festivals — with a quick commute via I-65 to the Cool Springs commercial corridor, Brentwood, and downtown Nashville. THREE PATHS TO VALUE The property is grandfathered for its current 8-unit multifamily use, but sits on land zoned R6 — giving a buyer a rare choice of strategies, each independently viable: 1. Hold and Optimize — Stabilized Income • Continue as an 8-unit rental portfolio with a proven occupancy and rent-growth history 2. Redevelop — 8 Luxury Condominiums • Architectural design work already underway (~$60,000 invested), with a 1.5-story concept in hand • City of Franklin has engaged constructively on new designs • Downtown Franklin condo demand is validated at the high end: Multiple high end condo projects are going to market at over $1000/sft 3. Subdivide — 4 Single-Family R6 Lots • Underlying R6 zoning supports a clean subdivision into four individual single-family homesites The property is a brief walk (or short golf-cart ride) from boutique cafes, public parks, and live music venues in one of the nation's most robust and supply-constrained historic rental and resale markets. This is a foundational real estate asset in a location that cannot be replicated.

405 Granbury St, Franklin

$550,000
3137840 MLS UNDER CONTRACT - NOT SHOWING Status 37067 Zip Code
620 Westminster Dr presents a rare duplex investment opportunity in the heart of Franklin, where multifamily properties seldom become available. Located just 5 minutes from Historic Downtown and 10 minutes from Cool Springs, this property sits in a highly desirable rental market with strong demand and long-term appreciation potential. Each unit features vaulted ceilings in the living room, hardwood floors, and functional layouts, with only cosmetic updates needed to maximize rental value and equity. Major systems have already been addressed, with both water heaters just 3 years old and both HVAC units 4 years old, reducing near-term capital expenses. All appliances remain, making this a true turnkey opportunity. Whether you’re looking to expand your portfolio or house hack by living in one unit and renting the other, this duplex offers immediate income potential in one of Middle Tennessee’s most sought-after zip codes...There will be no showings without an accepted offer due to tenants; please contact agent to discuss further!

620 Westminster Dr, Franklin

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