405 Granbury St

Franklin TN 37064

3600 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

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.