Franklin MLS Search - Under $400K

Franklin NC Real Estate - Under $400000

Franklin is our specialty. Our team is committed to making the buying and selling of under $400k real estate in Franklin, NC a pleasurable and rewarding experience. Our website allows you to search all active Franklin homes, land & log cabins for sale. It is easy to use and navigate through property searches. You can also save searches and get daily email alerts of new listings as they become available.

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Are you planning on buying or selling under $400k real estate near Franklin, NC? KW Great Smokies team has proven home sales expertise that will help you negotiate the sale of your current home and/or purchase of your new home. Our Team at KW Great Smokies, Franklin real estate brokers, are in the best position to give you advice on the local Franklin real estate market statistics.

Call us at KW Great Smokies at 828-347-9474 or contact us to inquire about our real estate services for buyers and sellers. Curious about the Franklin real estate market? Register to receive our free under $400k Franklin home market value reports, where you can get access to see sold homes online as they get reported on the MLS.

Browse All Latest Under $400K Franklin Properties for Sale

100 Locust Flats Rd, Franklin
$225,000
26048882 MLS
Escape to the mountains of Western North Carolina with this turnkey mountain retreat situated on 9.25 unrestricted acres, offering beautiful mountain views, peaceful wooded surroundings, and limitless opportunities! Whether you're looking for a private getaway, a unique glamping experience, or a short-term rental investment ready to welcome guests, this one-of-a-kind property is ready for you to enjoy from day one. With two charming Airstream trailers thoughtfully set among the trees, this property blends the beauty of the outdoors offering the comforts of a comfortable mountain escape. Covered outdoor spaces, inviting decks, and gathering areas create the perfect setting for morning coffee, evenings around the fire, or taking in the peaceful mountain surroundings. Inside, each Airstream delivers a welcoming atmosphere, comfortable living spaces, and everything you need to settle in and unwind. The best part? It's already set up and ready to go! With the accommodations and outdoor spaces in place, you can start enjoying the property immediately or use it as a short-term vacation rental without starting from scratch. With 9.25 unrestricted acres, there's plenty of room to dream even bigger! Expand your glamping retreat, add outdoor experiences, enjoy the land for recreation, or explore building your own mountain home while keeping the existing accommodations. Privacy, mountain views, unrestricted acreage, and turnkey investment potential all come together in one incredible opportunity. Whether you want to escape the everyday or invest in a piece of the mountains, this property lets you make it your own.

100 Locust Flats Rd, Franklin

165 Watauga St, Franklin
$369,000
3 Beds ⋅ 2 Baths ⋅ 26048855 MLS
ATTENTION INVESTORS! In-Town Location with City Water and Sewer! This versatile property offers excellent potential for investors looking for rental income, multigenerational living, or future development opportunities. The main level features 3 bedrooms, 1 bath, an open kitchen and dining area, and a spacious great room. An additional bonus room with plenty of windows provides flexible space for an office, hobby room, or extra living area. Step out onto the deck from the bonus room, where you will also find storage cabinets. Additional features include a large carport, a welcoming front porch with a ramp, and separate electrical meters for each level. The lower-level apartment has a history of rental use, although rental records are not available. Its layout includes a great room, kitchen, dining or office space, and two additional rooms suitable for sleeping, each with a closet. This space offers possibilities for a small-family rental, adult children, or aging parents seeking a separate living arrangement. A separate driveway provides additional parking, and the lower-level carport accommodates two vehicles. There may also be an opportunity to explore creating additional outdoor living space. Enjoy the convenience of an established in-town neighborhood where you can walk along the sidewalks, visit with neighbors, and access nearby schools, parks, shopping, restaurants, and a local brewery. The Little Tennessee River is close by for fishing and canoeing, while the hospital, grocery stores, and Highway 441 are just a short distance away. The elementary school is directly across the street, with open space nearby for children to ride bikes, run, and play. The spacious backyard extends to a stream, offering room for gardening, a children's play area, or a fenced space for pets. Current listing includes 2 parcels 2nd PIN # 6595426568 With city water and sewer available, these additional parcels may offer an opportunity to explore building more rental units, subject to zoning, permitting, and local development requirements. Whether you're looking for a property with existing rental potential, a multigenerational living arrangement, or an opportunity to expand your investment portfolio, this in-town property deserves a closer look! Seller is a licensed Real Estate Agent. EVEN MORE INVESTMENT POTENTIAL! Adjoining parcel totaling approximately 0.86 acre is also available for $89,900.

165 Watauga St, Franklin

133 Bryson Branch Rd, Franklin
$255,000
2 Beds ⋅ 1 Baths ⋅ 26048789 MLS
YOUR COZY MOUNTAIN ESCAPE AWAITS! Welcome to Lazy Bear Lodge! Tucked away in a peaceful wooded setting, this charming cabin offers the perfect blend of privacy, comfort, and mountain living! Whether you're searching for a personal getaway, full-time residence, or income-producing vacation rental, this inviting retreat checks all the boxes. Sip your morning coffee on the spacious covered wraparound porch while enjoying the sights and sounds of nature, or spend your evenings gathered around the outdoor firepit under the stars. Surrounded by beautiful mature trees, the property offers a tranquil setting with a nice level yard area, storage shed, and plenty of room to relax and unwind. Inside, you'll find a warm and welcoming atmosphere that makes you feel right at home. Recent improvements include a heat pump with central air conditioning that's only one year old, and the septic system was last pumped in 2022. Currently operating as a short-term rental and being sold furnished, this cabin offers a wonderful opportunity for buyers looking for a mountain retreat with rental potential. Vacation rentals are permitted, and cell service is available! Conveniently located approximately 6.5 miles from downtown Franklin, you'll enjoy easy access to local restaurants, shopping, hiking, waterfalls, and all the outdoor adventures Western North Carolina has to offer. Come experience the simple pleasures of mountain living—your little slice of the Smokies is waiting!

133 Bryson Branch Rd, Franklin

164 Pinecrest Ln, Franklin
$239,000
2 Beds ⋅ 2 Baths ⋅ 26048771 MLS
Your Own Cozy Mountain Getaway in Franklin, NC! Tucked among the trees in a peaceful mountain neighborhood, this charming 2-bedroom cottage offers the warmth, character, and relaxed lifestyle that make Western North Carolina so special! Featuring beautiful hardwood floors, exposed ceiling beams, warm wood accents, and a cozy gas fireplace, the inviting main-level living space feels like a true mountain retreat. Step outside onto the spacious covered deck overlooking the wooded surroundings, where you can enjoy morning coffee, listen to the birds, or unwind after a day exploring the mountains. The main level offers convenient everyday living, while the lower level, accessed separately from outside, features a generous recreation room heated by a propane heater, laundry facilities, and an additional bathroom installed without permits. Previously used as an active short-term rental before transitioning to a long-term rental, this well-maintained property offers flexibility as a full-time residence, vacation getaway, or potential investment. A brand-new roof was installed in October 2026! Situated on a manageable 0.22-acre lot, additional features include a single carport and HOA-maintained neighborhood roads with annual dues of just $400. Whether you're searching for a weekend escape or a cozy place to call home, this inviting mountain cottage offers an opportunity to enjoy the simple pleasures of mountain living at an attractive price of $239,000!

164 Pinecrest Ln, Franklin

9559 Bryson City Rd, Franklin
$319,000
1 Beds ⋅ 1 Baths ⋅ 26048677 MLS
Tiny home living with BIG possibilities! This beautifully maintained 2021 tiny home sits on approximately 1 acre along scenic Bryson City Road/NC 28 and offers a unique way to enjoy the Western North Carolina mountains. The copper-colored metal roof, warm wood ceilings and bright interior give this home loads of character. Inside you'll find a full kitchen with stainless appliances, generous cabinetry, farmhouse-style sink and breakfast bar, plus a cozy living area with electric fireplace. This home also features Dual Mini split units that are energy efficient and will keep you cool in the summer & warm in the winter. Large windows fill the home with natural light, while the loft provides valuable additional space. The main-level bedroom offers comfortable everyday living, and screened porches on BOTH ends are perfect for relaxing and enjoying the mountain air. Car and motorcycle enthusiasts will especially appreciate the location! Grab a seat on the porch and watch motorcycle groups, classic cars and driving clubs cruise along scenic NC 28 as they travel between Franklin and the Bryson City area. Outside, this property really sets itself apart with TWO additional RV hookup sites, each equipped with electric, water and septic connections. It's a fantastic setup for visiting family and friends with campers or simply having extra flexibility for how you use the property. A spacious gravel drive provides plenty of parking and maneuvering room, while two storage buildings offer space for tools, motorcycles, outdoor gear and all the extras. The Little Tennessee River is nearby, adding fishing, kayaking and days on the water to the list of ways to enjoy this location. Whether you're looking for a low-maintenance full-time home, mountain getaway or home base for your RV adventures, 9559 Bryson City Rd packs an impressive amount of versatility into one very cool unrestricted property!

9559 Bryson City Rd, Franklin

3155 Goshen Rd, Franklin
$365,000
3 Beds ⋅ 2 Baths ⋅ 26048617 MLS
Beautiful Cape Cod Retreat Above the Clouds! Perched at approximately 3,400 feet in elevation and bordering the U.S. Forest Service, this Cape Cod offers the privacy, tranquility, and mountain lifestyle you've been looking for. Tucked deep in the woods at the end of a private gravel road, this special property offers peaceful short-range mountain views, with long-range vistas revealed in the winter months. Inside, you'll immediately notice the exceptional craftsmanship and attention to detail throughout. The inviting open floor plan features beautiful hand-sewn wood flooring that perfectly complements the stone fireplace, while ceramic tile enhances the kitchen and dining areas. French doors and large windows fill the space with natural light and bring the beauty of the surrounding mountains indoors. The spacious main-level primary suite features a custom arched window and a peaceful setting. Upstairs, two generously sized bedrooms with charming dormers share a ceramic-tiled hall bath, while a private balcony provides the perfect spot to enjoy your morning coffee or take in the fresh mountain air. The full unfinished basement offers incredible potential, complete with a wood stove and brick fireplace. Whether you envision additional living space, a workshop, recreation room, or mountain retreat, the possibilities are limited only by your imagination. Step outside onto the 2 sided full-length covered rocking-chair porch and settle in to enjoy the sounds of nature, cool mountain breezes, and the peaceful surroundings. Situated on approximately 2.29 unrestricted acres and directly bordering U.S. Forest Service land, this property provides exceptional access to the outdoors with opportunities for hiking, hunting, camping, and exploring right beyond your doorstep. If privacy, mountain living, and direct access to nature are at the top of your list, this one deserves a closer look.

3155 Goshen Rd, Franklin

3511 Allison Watts Rd, Franklin
$350,000
3 Beds ⋅ 2 Baths ⋅ 26048559 MLS
Welcome to 3511 Allison Watts, where peaceful mountain living, privacy, and plenty of space come together on 1.51 acres. This spacious 3-bedroom, 1-bonus-room, 2-bath home offers over 1,800 square feet of living space with a comfortable, functional layout and plenty of opportunity to make it your own. The upper-level bedrooms are exceptionally spacious, easily accommodating king-size beds along with full bedroom furniture while still providing plenty of room to move around. In addition to the three bedrooms, the home features a bonus room that could be used as additional sleeping quarters, a home office, craft or hobby room, playroom, or flex space to fit your needs. Need storage? The 948-square-foot unfinished basement provides an abundance of room for tools, outdoor gear, seasonal items, a workshop, or future possibilities. Outdoor living is just as inviting, with a covered back porch perfect for entertaining, grilling, and gathering with family and friends, plus a covered rocking-chair front porch where you can relax and enjoy the peaceful mountain setting and fresh Western North Carolina air. Paved access takes you almost all the way to the home, with only a short gravel driveway, while still giving you that tucked-away mountain feel. If you're looking for a little more breathing room and a place away from the hustle and bustle, this property offers space, privacy, and plenty of potential. Bring your ideas and finishing touches and make this mountain home your own. KEY PROPERTY HIGHLIGHTS 1.51 acres Over 1,800 sq. ft. of living space 3 bedrooms + bonus room 2 full bathrooms Bonus room suitable for additional sleeping quarters, office, hobby room, playroom, or flex space Extra-spacious upper-level bedrooms with room for king-size beds and full bedroom furniture 948 sq. ft. unfinished basement Excellent basement storage and workshop potential Covered back porch for grilling and entertaining Covered rocking-chair front porch Peaceful, private mountain setting Paved access almost all the way to the home Only a short gravel driveway Plenty of space and potential to make it your own

3511 Allison Watts Rd, Franklin

29 Quail Hollow Rd, Franklin
$385,000
3 Beds ⋅ 2 Baths ⋅ 26048520 MLS
BRAND NEW & MOVE-IN READY! Welcome to 29 Quail Hollow Rd in Franklin, NC. Come see this brand-new Clayton Homes off-frame modular situated on a spacious 1-acre lot in desirable Quail Hollow. Offering approximately 1,869 sq ft, this thoughtfully designed 3-bedroom, 2-bath home delivers comfortable one-level living with a bright, modern interior and plenty of room to spread out. Step inside to an inviting living room centered around a beautiful wood-burning stone fireplace, flanked by built-in bookcases and cabinetry. The open layout flows into the dining area and spacious kitchen featuring white cabinetry, stainless steel appliances, farmhouse sink, large center island and abundant workspace and storage. Nine-foot ceilings and plenty of natural light add to the home's open, airy feel. The split-bedroom floor plan provides added privacy for the primary suite, which includes a generous walk-in closet and an impressive ensuite bath with double vanity, freestanding soaking tub and separate tiled shower. Two additional bedrooms are located on the opposite side of the home, along with a bright guest bath with tub/shower combination. Both secondary bedrooms also feature walk-in closets, providing an exceptional amount of storage. A nicely sized laundry room gives you additional everyday functionality. Vinyl flooring runs throughout the main living areas and baths, with soft carpet in the bedrooms. Additional features include LED lighting, central heat and air, architectural shingles and Energy Smart construction. Outside, the covered front porch with its attractive timber accents gives the home great curb appeal, while the rear deck provides another place to relax and enjoy your Western North Carolina surroundings. With approximately one acre, there's room outside without taking on an overwhelming amount of property to maintain. If you've been considering new construction but don't want the time, decisions and uncertainty that can come with building from the ground up, 29 Quail Hollow Rd is ready for you now! Schedule a private showing today!

29 Quail Hollow Rd, Franklin

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