Rare Downtown Franklin Compound | Two-Home Estate | Multigenerational Living & Income Potential
This is one of downtown Franklin's most exceptional compound properties — a true two-home estate offering flexibility, privacy, and income potential that cannot be replicated elsewhere in the city. Situated on a historic street just a short stroll… Read More from Five Points, this multigenerational compound sits on an oversized double lot and is zoned for the highly sought-after Franklin Special School District.
The European-inspired main residence features white oak flooring, Taj Mahal quartzite and soapstone surfaces, designer lighting, custom tile, and abundant natural light throughout. The thoughtfully designed floor plan offers 5 bedrooms, 4.5 bathrooms, two full kitchens, three living areas, a cozy den, two laundry rooms, and additional flex space ideal for a home gym or studio. A vaulted upper-level deck overlooks organic gardens and professionally designed landscaping — a sanctuary in the heart of downtown Franklin.
The detached 1,314 sq. ft. carriage house, completed in 2023 and not included in the listed square footage or price-per-square calculation, offers 2 bedrooms, 2 full bathrooms, and a loft. It is perfectly suited for multigenerational living, private guest quarters, or short-term and long-term rental income, all while matching the quality and character of the main residence.
Unique zoning allows the owner to short-term rent either home while occupying the other — an advantage virtually unheard of this close to downtown Franklin. Both homes carry established rental histories, offering immediate income potential and long-term value.
Properties combining this location, compound versatility, architectural integrity, and financial flexibility are extraordinarily rare in the Franklin market and seldom become available twice. Read Less
Courtesy of Compass RE.
Listing Snapshot
Days Online
35
Last Updated
Property Type
Single Family Residence
Beds
5
Full Baths
4
Partial Baths
1
Square Ft.
4,754
Lot Size
0.42 Acres
Year Built
2023
MLS Number
3122469
Additional Details
Appliances & Equipment
Double Oven, Built-In Gas Range, Dishwasher, Disposal, Microwave, Refrigerator
Basement
Finished
Building
Built in 2023, Year Built Details: Renovated, Living area: 4754, Living area units: Square Feet, Levels: Two, Construction Materials: Hardboard Siding, Brick, Stone, Stucco
Cooling
Central Air, Electric
Exterior Features
Patio/Porch Features: Deck, Covered, Patio
Fireplaces
1 fireplace, Gas
Floors
Carpet, Wood, Tile
Foundation
Slab
Heating
Central, Natural Gas
Interior Features
Built-in Features, Ceiling Fan(s), Extra Closets, High Ceilings, Pantry, Walk-In Closet(s), High Speed Internet
Lot
0.42 acres, Dimensions: 100 X 203, Level, Topography: Level
Property
Other structures: Guest House
Sewer
Public Sewer
Taxes
Parcel Number: 094078J B 04100 00009078J, Annual Amount: $8,831
Utilities
Electricity Available, Natural Gas Available, Water Available, Water Source: Public
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