115 Allen Avenue
Franklinton, NC 27525
$250,000
Not in a Subdivision – Franklinton Township – Franklin County
115 Allen Avenue
Franklinton, NC 27525
$250,000
Single Family
Active
Not in a Subdivision
Franklinton Township
Franklin County
Single Family
Active
Not in a Subdivision
Franklinton Township
Franklin County
3
Bed
1.5
Bath
1400
sqft
0.52
acres
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🧱 Brick Ranch
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📐 Two Parcels
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♿ Ramp And Grab Bars
INVESTOR OPPORTUNITY IN GROWING FRANKLINTON! Welcome to 115 Allen Ave, a 3-bedroom, 1.5-bath brick ranch with excellent potential in a transitioning area of Franklinton. This property has been utilized as a rental for the past seven years and offers an exciting opportunity for an investor looking to add value in an area experiencing new construction and growth.
The property sits on two parcels, creating a larger-than-typical lot with the potential for future subdivision, offering the possibility to build two homes as the area continues to develop. With rents in the area reaching as high as $1,750, this property could also make an attractive addition to an investor’s rental portfolio.
The home is currently occupied and is being sold AS IS. Photos reflect the property prior to the current tenant moving in. The tenant is expected to vacate by the end of August, which will allow for easier access and showings. Until then, all showings are by appointment only. Please do not disturb the current tenant.
The home is currently equipped with a ramp and grab bars to accommodate mobility needs, adding flexibility for a variety of future uses.
Whether you’re looking for your next rental, a value-add opportunity, or land with potential for future redevelopment, 115 Allen Ave is worth a look. With new construction taking shape nearby and Franklinton continuing to grow, now may be the time to get in while prices are still low.
INVESTOR OPPORTUNITY IN GROWING FRANKLINTON! Welcome to 115 Allen Ave, a 3-bedroom, 1.5-bath brick ranch with excellent potential in a transitioning area of Franklinton. This property has been utilized as a rental for the past seven years and offers an exciting opportunity for an investor looking to add value in an area experiencing new construction and growth. The property sits on two parcels, creating a larger-than-typical lot with the potential for future subdivision, offering the possibility to build two homes as the area continues to develop. With rents in the area reaching as high as $1,750, this property could also make an attractive addition to an investor’s rental portfolio. The home is currently occupied and is being sold AS IS. Photos reflect the property prior to the current tenant moving in. The tenant is expected to vacate by the end of August, which will allow for easier access and showings. Until then, all showings are by appointment only. Please do not disturb the current tenant. The home is currently equipped with a ramp and grab bars to accommodate mobility needs, adding flexibility for a variety of future uses. Whether you’re looking for your next rental, a value-add opportunity, or land with potential for future redevelopment, 115 Allen Ave is worth a look. With new construction taking shape nearby and Franklinton continuing to grow, now may be the time to get in while prices are still low.
Maps
Listing History
Date
Status
Price
-
2026-08-14
Active
$250,000
Nearby Listings
10 nearby listings found
Examining another house that is similar, nearby, and recently sold can help determine if the price of this home for sale is priced appropriately.
Compared to Similar Homes that Recently Sold….
115 Allen Avenue has a Price per Square Foot of $179.
Here’s how that compares to the surrounding area:
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23 Communication Drive, Franklinton, NC 27525
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Price: ⬆️ (Sold for $33,000 more)
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Sq Ft: ⬇️ (95 sqft smaller)
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Cost/SqFt: ⬆️ ($38 higher)
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Condition: ⬆️ (2018 build with granite vs 1978 rental)
This property sold for a higher price per square foot despite being slightly smaller than 115 Allen Avenue. The value here is driven by the 2018 construction date and updated interior features like synthetic hardwoods and a breakfast bar. 115 Allen Avenue offers a larger lot with potential for future subdivision, which provides a different kind of value compared to the move-in-ready nature of this home.
🟡 The home for sale represents a trade-off between modern finishes and the potential for land development or rental income.
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906 E Green Street, Franklinton, NC 27525-
Price: ⬇️ (Sold for $118,500 less)
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Sq Ft: ⬇️ (62 sqft smaller)
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Cost/SqFt: ⬇️ ($81 lower)
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Condition: ⬇️ (Needs significant renovation)
This sold listing was a significant renovation project, featuring dated wallpaper, worn carpets, and an older frame exterior. In contrast, 115 Allen Avenue is a sturdy brick ranch on a much larger double lot. The price premium for the home for sale is well-supported by its superior structural material and the significant value of the extra land which could potentially be subdivided.
🟡 While this property was much cheaper, it required a total overhaul, making 115 Allen Avenue a more solid investment for those seeking a property with better bones and land value.
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110 Allen Avenue, Franklinton, NC 27525-
Price: ⬆️ (Sold for $92,500 more)
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Sq Ft: ⬆️ (61 sqft larger)
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Cost/SqFt: ⬆️ ($55 higher)
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Condition: ⬆️ (Modern 2022 build vs 1978 rental)
This sold listing is located on the same street and represents a much newer asset class, having been built in 2022. It features a modern open floor plan, a two-car garage, and high-end finishes like granite countertops that are not present at 115 Allen Avenue. While the home for sale is priced significantly lower, it is a 1978 brick ranch being sold as-is, which explains the price gap between these two properties.
🟡 The higher price of the home on Allen Avenue is justified by its nearly new condition and modern amenities, making 115 Allen Avenue a reasonable entry point for an investor.
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Take the Next Step…
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Listings marked with an icon are provided courtesy of the Doorify MLS, Inc. of North Carolina, Internet Data Exchange Database.
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Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property.
115 Allen Avenue
Franklinton, NC 27525
115 Allen Avenue
Franklinton, NC 27525
$250,000
$250,000
Not in a Subdivision – Franklinton Township – Franklin County
115 Allen Ave
Franklinton
3 br
1400 sqft
$250,000
TWP Franklinton
CTY Franklin
SUB Not in a Subdivision