Listing Courtesy of: REALTRACS as distributed by MLS GRID / Listed By: Cobalt Premier Properties
405 Granbury St Franklin, TN 37064
Active (2 Days)
$3,200,000 (USD)
3,600
SQFT
Description
MLS #:
RTC3544494
RTC3544494
Taxes
$11,251
$11,251
Type
Multifamily
Multifamily
Year Built
1932
1932
County
Williamson County
Williamson County
Listed By
Gary Loebsack, Cobalt Premier Properties
Source
REALTRACS
Last checked Sep 9 2026 at 11:26 PM GMT+0000
REALTRACS
Last checked Sep 9 2026 at 11:26 PM GMT+0000
Bathroom Details
Subdivision
- Downtown Frankin
Heating and Cooling
- Central
- Central Air
Flooring
- Carpet
- Laminate
Exterior Features
- Wood Siding
Utility Information
- Utilities: Water Available
- Sewer: Public Sewer
School Information
- Elementary School: Franklin Elementary
- Middle School: Freedom Middle School
- High School: Centennial High School
Stories
- 1
Living Area
- 3,600 sqft
Location
Estimated Monthly Mortgage Payment
*Based on Fixed Interest Rate withe a 30 year term, principal and interest only
Listing price
Down payment
%
Interest rate
%Mortgage calculator estimates are provided by Sotheby's International Realty and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Square footage is based on information available to agent, including County records. Information has not been verified by agent and should be verified by buyer.
Based on information submitted to the MLS GRID as of 9/9/2026 23:26. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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.