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USATNFranklinN/a405 Granbury St
Listing image | Image 1

405 Granbury St, Franklin, TN

House

For Sale

Listed price in listed location currency (USD).
$3,200,000

000

MLS® 3544494

Overview

Key Facts

Type Multi Family
Levels Residential Income
Size 3600 sqft
Garage 
Taxes $11,251
Days Active 12
Lot Size 
Approx. Age 1932
Avg. Price Per Sqft $888
MLS® Number 3544494

Property Address: 405 Granbury St, Franklin, TN, 37064-3511

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number3544494
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1932
Basement
Driveway
Garage Spaces
HeatCentral
A/CCentral Air

Extras

No Furnishing

Price History

Last Sold Price

----

Appreciation

--

Avg. Days Listed

36 days

Today, For Sale for $3,200,000

For Sale · 15 days

$3,200,000

MLS® 3544494

15 days ago

Not Sold Yet

September 2026, For Sale for $3,200,000

For Sale · 15 days

$3,200,000

MLS® 3544494

15 days ago

Not Sold Yet

July 2026, Pending for $1,200

Pending · 65 days

$1,200

MLS® 3288039

2 months ago

Not Leased Yet

December 2025, Leased for $1,200

Leased · 13 days

$1,200

MLS® 3060151

9 months ago

Sold on Dec 23, 2025

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