View All Franklin NC Investment Property Homes Listings

Built in 1925, this iconic Franklin landmark is rich in charm, character, and history, offering a rare opportunity to own one of the area's most recognizable properties. Most recently operating as a successful antique store, the building is ready for its next chapter & offers exceptional potential for a variety of commercial or mixed-use ventures. Step inside & experience timeless architectural details, including soaring ceilings, spacious rooms, abundant natural light, a kitchen area, & two bathrooms. The flexible floor plan provides endless possibilities for retail, office, gallery, boutique, professional services, or other creative business concepts. The property also features an attached two-car garage and a separate carriage house w/lower-level storage & potential for an upper-level apartment, office, or studio (subject to any required approvals). Positioned along one of the busiest gateways to the Town of Franklin, the property enjoys outstanding visibility & excellent exposure to daily traffic, an invaluable advantage for any business. Zoned Neighborhood Mixed Use (NMU), this unique property offers an investment opportunity in one of WNC's most desirable mtn communities.

65 Wayah St, Franklin

$680,000

4405188 MLS

Discover the endless possibilities on this breathtaking 65-acre mountain retreat. Offering stunning long-range mountain views, multiple potential homesites, and a beautiful mix of mature hardwoods, this property is the perfect canvas for your dream home, private estate, family compound, or investment opportunity. Explore miles of potential hiking and ATV trails as you immerse yourself in the natural beauty of the land. Whether you're looking to create a secluded mountain getaway, enjoy outdoor recreation, or build multiple homes in a picturesque setting, this property offers the space, privacy, and flexibility to bring your vision to life. With rolling terrain, scenic ridge lines, and incredible mountain vistas, every corner of this property showcases the beauty of Western North Carolina. For those seeking even more acreage, the seller is also offering a nearby 25-acre parcel for sale (see 1408 Tellico). Featuring several additional potential homesites, buyers have the unique opportunity to combine both properties if they wish for a spectacular 90-acre mountain estate with even greater development potential, privacy, and endless possibilities. Rarely do properties of this size and versatility become available—don't miss the opportunity to own your own private mountain paradise.

00 Tellico Road, Franklin

$233,500

3 Beds ⋅ 2 Baths ⋅ 26039513 MLS

3/2 Mountain Home on Unrestricted 1.1 acres in Desirable Cartoogechaye area. Home has a Private Setting in the Country among other Beautiful Properties on West Dills Creek Rd. Home is Well Rounded with many Nice Features. The Home has a Nice Kitchen, Hardwood Floors, Nice Bathrooms, Master Bedroom with Walk-In Closet & Attached Bath, Private Back Porch, & Cozy Living Room w/ Stone Fireplace that opens up to Screened Front Porch listening to Creek below. What makes this home so special is its great setting that is rare to find in our current market. Home has a private backyard with BBQ pit, Large attached Dbl Garage/Workshop, Private Drilled Well, Concrete Driveway to door. This home would be a great Vacation Home, or Investment Rental Property due to its close Proximity to the Appalachian Trl, & Standing Indian Campground Recreation Area- one of Franklin's most popular outdoor recreation destinations with endless things to enjoy. Easy access for quick/convenient trips to town via HWY64. No 4x4 needed.

39 Vandyke Dr, Franklin

$508,027

3 Beds ⋅ 4 Baths ⋅ 26031099 MLS

MOTIVATED SELLER! Priced to SELL! Stunning home on 3.27 acres of unrestricted land straddling both sides of the rushing Rickman Creek. All of the land is usable & beautifully landscaped. RV parking spot in place & a gazebo that is perfect for entertaining w/a 2nd building site across the creek. Home next door is for sale! Buy both for family compound or investment properties. This custom-built home offers 3000+ sqft of living space w/3 beds, 3.5 baths, & a bonus. The cozy living room has a fireplace. The custom-built kitchen has cherry cabinets, double ovens, & on-demand hot water faucet. The oversized formal dining room has gas logs & a breakfast nook corner. A walk-in pantry with an antique slider door is in the hallway. Large primary on the main with a large updated bathroom & soaking tub. Upstairs has 2 bedrooms, 1 bathroom, & a landing area. On the lower level, you'll find commercial-grade dehumidifiers, a radiant heat system, a whole-house generator, a central vacuum, a water filtration system, & a workshop area. Each room has its own thermostat for the radiant heat & central air for the cooling system. Huge front porch upon arrival & easy flat & level gravel driveway.

162 Wispering Creek Ln, Franklin

$695,000

3 Beds ⋅ 2 Baths ⋅ 26043173 MLS

NEWLY PRICED!!! TURNKEY, INCOME PRODUCING PROPERTY offers flexibility, functionality, and room to grow. The newly renovated home (2025) features 3 bedrooms and 1.5 baths, making it move-in ready or rent-ready. Situated on a full acre with a large 3-bay workshop (currently leased) and a separate 2-bay workshop (office and half bath) provides excellent potential for contractors, hobbyists, equipment storage, or additional income. A small storage shed adds even more utility. The level, UNRESTRICTED, usable acreage has easy access, and is low maintenance; and the layout allows for ample parking, work vehicles, or future expansion. Ideal for long-term rental, short-term rental, live-work use, or a hybrid setup where shop space enhances cash flow. Investors will appreciate the versatility, minimal startup costs, and multiple income angles. Owner occupants gain flexibility rarely found at this price point. Properties offering both residential income and functional commercial-style workspace are increasingly hard to find in the Franklin market. This is a clean, efficient property that's ready to use now, with flexibility and long-term value already built in. Don't miss this investment opportunity!

287 Belleview Rd, Franklin

$1,500,000

12 Baths ⋅ 26042737 MLS

Discover the Historic Joines/Bryant Building, one of Downtown Franklin's most iconic and substantial commercial properties. Spanning half a city block and offering an extraordinary blend of history, scale, and modern adaptability, this two-story landmark delivers a level of space and flexibility rarely found in the region. Whether you're expanding an established enterprise, creating a multi-tenant investment hub, or envisioning a signature headquarters, this property is ready to meet the scope of your ambition. With 24,574 sq ft of finished, heated space plus an additional 6,079 sq ft of unfinished basement, the Joines/Bryant Building provides incredible room for offices, studios, retail, co-working, light production, wellness uses, creative businesses, or a mixed-use buildout. Its location, right in Franklin's core business district, places you steps from restaurants, shops, festivals, and pedestrian traffic, ensuring exceptional visibility and convenience for employees, clients, and customers alike.Two spaces are leased at the moment with a month to month lease. You need to see this unique historic building that was renovated around 2009 and furnished with nice office furniture

9 Stewart St, Franklin

$499,000

2 Beds ⋅ 3 Baths ⋅ 26042522 MLS

THREE HOMES – ONE INCREDIBLE OPPORTUNITY! Offered together for just $499,000, this unique Franklin property includes THREE separate move-in-ready residences on two lots totaling approximately 1.34 acres. Here's a simple way to look at the value: allocate just $233,000 to the main home and only $133,000 to EACH of the two additional homes — totaling the $499,000 asking price. Three homes at those numbers is an exceptional opportunity in today's market, especially considering ALL THREE HAVE NEWER ROOFS and are move-in ready! The main residence offers 2 bedrooms and 2 baths upstairs, plus a lower-level bonus room and full bath, giving you plenty of flexible space. A 2-car garage and double carport provide excellent parking and storage. The two additional homes at 27 and 31 Woodcove Dr are charming 2-bedroom, 2-bath cabins that come furnished and have a history as vacation rentals. Use them for extended family, guest accommodations, rental income, or a combination of all three. Enjoy covered porches, winter mountain views, and a peaceful mountain setting with the Little Tennessee River nearby. Whether you're looking for a multi-generational property, an investment opportunity, or a place to live while generating income from two additional homes, properties offering this much flexibility are hard to find. THREE HOMES. NEWER ROOFS. MOVE-IN READY. $499,000 TOTAL. That breaks down to approximately $233K for the main home and only $133K each for the other two homes. Come see just how much property your money buys at Woodcove Drive!

39 & 27 Woodcove Dr, Franklin

$1,500,000

4319743 MLS ⋅ 9 Stewart St & 228 E Palmer BLDG.

Discover the Historic Joines/Bryant Building, one of Downtown Franklin’s most iconic and substantial commercial properties. Spanning half a city block and offering an extraordinary blend of history, scale, and modern adaptability, this two-story landmark delivers a level of space and flexibility rarely found in the region. Whether you’re expanding an established enterprise, creating a multi-tenant investment hub, or envisioning a signature headquarters, this property is ready to meet the scope of your ambition. With 24,574 sq ft of finished, heated space plus an additional 6,079 sq ft of unfinished basement, the Joines/Bryant Building provides incredible room for offices, studios, retail, co-working, light production, wellness uses, creative businesses, or a mixed-use buildout. Its location, right in Franklin’s core business district, places you steps from restaurants, shops, festivals, and pedestrian traffic, ensuring exceptional visibility and convenience for employees, clients, and customers alike. The main structure at 228 E Palmer offers 20,122 sq ft of elegantly updated, furnished, split-level workspace. Features include an elevator, multiple lobbies, impressive glass-front offices, original refinished hardwood floors, numerous conference rooms, kitchenettes with appliances, water fountains, 12 total bathrooms, and abundant storage. Multiple HVAC systems deliver efficient climate control throughout. Much of the office furniture conveys at no additional cost, creating a turnkey opportunity for immediate occupancy. Connected to the main building is 208 E Palmer, an additional 1,434 sq ft suite with its own portico-style private entrance. Its layout allows for effortless separation or integration, making it ideal for a private practice, boutique retail storefront, dedicated client wing, or independent tenant. Rounding out the property are 226 and 224 E Palmer, totaling 3,018 sq ft. Both units are currently leased to stable tenants, providing immediate income and strengthening the investment profile for owner-users and investors alike. Operationally, the property is exceptionally well equipped: 13 HVAC units, a diesel generator with a double-walled 250-gallon tank, multiple upgraded systems, extensive wiring, and direct adjacency to a city parking lot that ensures easy access for staff and visitors. The building’s size, infrastructure, and layout options make it one of the most versatile commercial assets in Franklin. This is a rare chance to acquire a proven, adaptable, income-producing building with historical character and modern capability, all in a high-demand location. Properties with this level of scale, flexibility, and presence seldom come to market.

228 E Palmer Street, Franklin

$508,027

3 Beds ⋅ 4 Baths ⋅ 102661 MLS

MOTIVATED SELLER! BRING OFFER! Stunning home on 3.27 acres of unrestricted land straddling both sides of the rushing Rickman Creek. All of the land is usable & beautifully landscaped. RV parking spot in place & a gazebo that is perfect for entertaining w/a 2nd building site across the creek. Home next door is for sale! Buy both for family compound or investment properties. This custom-built home offers 3000+ sqft of living space w/3 beds, 3.5 baths, & a bonus. The cozy living room has a fireplace. The custom-built kitchen has cherry cabinets, double ovens, & on-demand hot water faucet. The oversized formal dining room has gas logs & a breakfast nook corner. A walk-in pantry with an antique slider door is in the hallway. Large primary on the main with a large updated bathroom & soaking tub. Upstairs has 2 bedrooms, 1 bathroom, & a landing area. On the lower level, you'll find commercial-grade dehumidifiers, a radiant heat system, a whole-house generator, a central vacuum, a water filtration system, & a workshop area. Each room has its own thermostat for the radiant heat & central air for the cooling system. Huge front porch upon arrival & easy flat & level gravel driveway.

162 Wispering Creek Ln, Franklin

Start Your Search

“The data relating to real estate on this website derive in part from the Internet Data Exchange program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Real Estate Company nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2026 Carolina Multiple Listing Services, Inc.”

Franklin, NC · Curated MLS Search

Investment Property Homes in Franklin, NC

An editorially curated view of every active investment property homes listing in Franklin, NC. Updated in real time from the local MLS, presented without the noise.

Browse Active Listings

Franklin Market — Investment Property Homes Comparison

Live MLS data — citywide vs. Investment Property Homes

Franklin

Investment Property Homes

inventory

Active Listings

638

Sold (Past 6 Mo.)

383

Under Contract

pricing

Avg. List Price

$385,233

$944,833 ↑ 145%

Cost / Sq. Ft.

$316

$163 ↓ 48%

typical home

Living Area

2,712 ft²

13,788 ft² ↑ 408%

Avg. Beds

2.6

2.5

Avg. Baths

2.6

4.8 ↑ 84%

Days on Market

204

241 ↑ 18%

Investment Property Homes in Franklin: Market Data

Data as of October 20, 2026 (MLS snapshot; listings below update live)

Jon Tharp Homes' review of MLS data as of October 20, 2026 shows 6 active listings for Franklin investment property homes. That is about 1% of the 638 active listings in Franklin across every property type.

Investment Property Homes in Franklin, NC, October 20, 2026
Measure	Value
Active listings	6
All active listings in Franklin, every property type	638

Investment Property Homes in other cities

Buncombe County: 376 active, median $469,250
Asheville: 222 active, median $500,000
Haywood County: 196 active, median $399,950
Jackson County: 159 active, median $450,000
Henderson County: 132 active, median $409,950

Market questions

How many Franklin investment property homes are for sale?

There were 6 Franklin investment property homes for sale as of October 20, 2026, based on Jon Tharp Homes' review of MLS data.

How do Franklin investment property homes stack up against other cities?

As of October 20, 2026, there were 6 Franklin investment property homes for sale. In the same search, Buncombe County had 376 investment property homes for sale at a median list price of $469,250, Asheville had 222 investment property homes for sale at a median list price of $500,000 and Haywood County had 196 investment property homes for sale at a median list price of $399,950.

How do Franklin investment property homes compare with all active listings in Franklin?

As of October 20, 2026, there were 6 Franklin investment property homes for sale, out of 638 active listings in Franklin across every property type.

Listing data courtesy of Carolina Multiple Listing Services, Inc.

Next Steps in Franklin, NC

Speak with an Agent

Call (828) 347-9055

Local Franklin, NC expertise

Data Brief

Full Franklin, NC Market Report

Pricing trends & absorption

Browse Everything

All Franklin, NC Listings

Every active property

← Back to Franklin, NC Homes for Sale