115 Allen Avenue · Franklinton, NC 27525
Franklinton, NC 27525
$249,900
3
Bedrooms
1.5
Bathrooms
1,400
Square feet
0.52
Acres
1978
Year built
115 Allen AvenueActive
Highlights
- Solid Brick Ranch
- Two Parcels
- Ramp And Grab Bars
About this home
Welcome to 115 Allen Ave, a 3-bedroom, 1.5-bath brick ranch offering opportunity, flexibility, and room to build equity in a growing area of Franklinton. Whether you're an investor looking for your next value-add project or a family searching for a home they can make their own, this property is worth a look.
The home has been utilized as a rental for the past seven years and offers plenty of potential for someone willing to put their personal touch on it. The property sits on two parcels, creating a larger-than-typical lot with the potential for future subdivision. For an investor, that could mean the possibility of building additional homes as the area continues to grow.
With rents in the area reaching as high as $1,750, the property could also make an attractive addition to a rental portfolio. For a homeowner, this is an opportunity to purchase a solid brick ranch and transform it into a home that fits your vision and lifestyle. Bring your ideas, your contractor, and your imagination!
The property is now vacant and available for easy showings. The home is currently equipped with a ramp and grab bars to accommodate mobility needs, providing additional flexibility for a variety of future uses.
With new construction taking shape nearby and Franklinton continuing to grow, this could be your chance to get into the area while prices are still low. Priced to sell quickly, whether you're looking for your next investment, your next project, or a place to call home, don't miss this opportunity!
13 categories
Appliances
- Dishwasher
- Electric Range
- Electric Water Heater
- Refrigerator
Laundry
- Outside
Flooring
- Carpet
- Tile
- Vinyl
Fireplaces
- Wood Burning
Lot features
- Back Yard
- Front Yard
- Subdivided
- Wooded
Patio / Porch
- Covered
- Porch
Style
- Ranch
Construction
- Brick Veneer
Foundation
- Crawlspace
Roof
- Shingle
Water
- Public
Sewer
- Public Sewer
Courtesy of
- Office
- The Acorn Agency, LLC
- Agent
- Vance Josey
- Phone
- 919-867-4787
Location
Franklinton Township · Franklin County · Franklinton, NC
Property history
- Price decreasedSource:
Doorify MLS #10186529$249,900$179/sqft - Listed for saleSource: Doorify MLS #10186529$250,000$179/sqft
Nearby listings
Near 115 Allen Avenue · Franklinton, NC 27525
Status
Living area
Price
Date range
Examining another house that is similar, nearby, and recently sold can help determine if the price of this home for sale is priced appropriately.
How the price compares
Examining another house that is similar, nearby, and recently sold can help determine if the price of this home for sale is priced appropriately.
This home
$179
per sq ft
City of Franklinton
$179.50
median · this home is at the median
Franklinton Township
$164
median · this home is 9% above
Franklin County
$192
median · this home is 7% below
- Sold for
- $342,500
- Per sq ft
- $234
- Size
- 1,461 sq ft
- Lot
- 0.46 acres
110 Allen Avenue
Sold Oct 27, 2025
Sold for $93k more61 sq ft larger$55 higher per sq ftModern 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.
Bottom line
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.
- Sold for
- $283,000
- Per sq ft
- $217
- Size
- 1,305 sq ft
- Lot
- 0.31 acres
23 Communication Drive
Sold Aug 4, 2026
Sold for $33k more95 sq ft smaller$38 higher per sq ft2018 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.
Bottom line
The home for sale represents a trade-off between modern finishes and the potential for land development or rental income.
- Sold for
- $131,500
- Per sq ft
- $98
- Size
- 1,338 sq ft
- Lot
- 0.23 acres
906 E Green Street
Sold May 8, 2026
Sold for $118k less62 sq ft smaller$81 lower per sq ftNeeds 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.
Bottom line
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.
Take the next step
You’ve just seen more about this home than you will see anywhere.
What nearby homes sold for, the full listing history, the neighborhood numbers — that’s the homework we do on every home before you make a move.
- Whether the asking price holds up, and what to offer
- What it could become — staging, updates, and what they return
- What your own home would sell for, if a move means selling first
Pick any open time · Phone or video · Just looking is fine
Cameron Saemann
Broker in Charge
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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.