Property details
About 306 Forest Ave
Investment Opportunity in the Heart of Franklin! Located just behind the VA and a short stroll from the new Franklin High School, this well-maintained quadplex offers a prime location and solid rental history. The property features two 2-bedroom/1-bath units and two 1-bedroom/1-bath units, each with easy access and just seconds from Franklin’s scenic Greenway. Recent updates include all new HVAC systems (2022) and PEX plumbing throughout (2024), giving peace of mind to investors. With a consistent rental history—100% occupancy across all units—this property is a proven income producer. Whether you’re looking to expand your portfolio or dive into multi-family investing, this opportunity in a high-demand area is ready for you. Property is agent owned.
Highlights
Summary
- Full Bathrooms: 4
- Appliances: Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
- Basement: Yes
- Total Bedroom Count: 6
- Parking: Attached Carport, Driveway
- View: Mountain(s)
- Heating: Central, Ductless, Electric, Forced Air, Heat Pump
- Cooling: Central Air, Ductless, Electric
- List Price: $485,000
- Price/SqFt: $143
- Annual Tax Amount: $1,000
- Tax Year: 2024
- Directions: GPS works. Ulco Dr to Forest Ave. Property is located next to home with large stone wall. #308 and #310 are facing the road. Gravel Drive beside stone wall will lead you to #306 and #312.
- Year Built: 1957
- Living Area: 3,378 SqFt
- MLS Number: 4278190
- Office Name: EXP Realty LLC
- Office Email: david@pinkertonenterprises.com
Listings courtesy of Canopy MLS as distributed by MLS GRID.
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| May 10, 2022 | Home Sold | $260,000 |
| Dec 22, 2009 | Home Sold | $92,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $258,990 | $1,000 |
| 2023 | $261,140 | $949 |
| 2022 | $166,070 | $889 |
| 2021 | $166,170 | $863 |
| 2020 | $166,170 | $821 |
| 2019 | $166,170 | $808 |
| 2018 | $181,640 | $827 |
| 2017 | $181,640 | $809 |
History based on county public records data.
Nearby schools
6
East Franklin Elementary School
Public District KG-4
1.0 mi
•100 Watauga St
6
Cartoogechaye Elementary School
Public District PK-4
3.6 mi
•3295 Old Murphy Rd
6
Iotla Valley Elementary School
Public District PK-4
4.3 mi
•1166 Iotla Church Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $33,319. Typical income of Franklin, NC residents is less than $<35k annually. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Figure Skating
Pro Wrestling
Extreme Sports
Where do the neighbors shop?
Kmart
Stein Mart
Family Dollar
Where do the neighbors go to eat?
Bob Evans
Dominos Pizza
Sonic
What do the neighbors drive?
Buick
Ford
Oldsmobile
What do the neighbors listen to?
Oldies
Adult Standards
New Country
Frequently asked questions
About 306 Forest Ave
The listing price of 306 Forest Ave property is $485,000.
The property 306 Forest Ave is a multi located in Franklin, North Carolina, 28734.
Active Listing: 306 Forest Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 306 Forest Ave are: East Franklin Elementary School (GreatSchools Rating 6/10), Cartoogechaye Elementary School (GreatSchools Rating 6/10), Iotla Valley Elementary School (GreatSchools Rating 6/10), Mountain View Intermediate School (GreatSchools Rating 2/10), Macon Middle School (GreatSchools Rating 5/10), Cullowhee Valley School (GreatSchools Rating 4/10), Franklin High School (GreatSchools Rating 5/10), Macon Early College High School (GreatSchools Rating 7/10), Union Academy (GreatSchools Rating 1/10).
According to the records, the last property tax for 2024 is $1,000 (source: MLS/based on county public records data).
The last sale was on May 10, 2022 for $260,000 (source: MLS/tax record).
The property 306 Forest Ave is 3,378 SqFt (source: MLS/tax record).
The year of construction for 306 Forest Ave is 1957.
This home is located at 306 Forest Ave in Franklin, NC and zip code 28734. This 3,378 square foot home was built in 1957. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since July 7, 2025 and is currently priced at $485,000.
In June 2025, from all listings sold in Franklin, NC there were more than 2 sold above asking price, over 1 sold below and more than 3 were sold right at the asked price. In June 2025 in Franklin, NC there were 9% more homes for sale than in May. While the average time on the market in June 2025 was 8 days, the median list price was $399,950.