Active

405 Granbury St

Franklin, TN 37064
Mark as Favorite

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 comm ute 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.

Read More Expand
Tour with a ByOwner Agent

Detail Ic Property Details

Property Type : Residential Income

Price : $3,200,000

AD Id : 91105756

MLS Id : RTC3544494

Living Area Size : 3,600

Tax Amount : 11251.00

Year Built : 1932

County : Williamson County

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Flooring Information

    Flooring: Carpet, Laminate Construction Materials: Wood Siding
  • Heating & Cooling

    Heating: Central Has Heating: Yes Cooling: Central Air Has Cooling: Yes WaterSource: Public

  • Building Information

    Year Built: 1932

  • Lot Information

    Lot Dimensions: 186 X 105

    Property Information

    Property Type: Residential Income Structure Type: Multi Family

  • Listing Price Information

    Original List Price:$3200000

  • Tax Information

    Annual Tax: $11251 Parcel Number: 094078J B 02200 00009078J

  • School Information

    Elementary School: Franklin Elementary Junior High School: Freedom Middle School Senior High School: Centennial High School
  • Utility Information

    Water Available Sewer: Public Sewer Water Source: Public
  • Location Information

    Subdivision: Downtown Frankin City: Franklin Direction: I65 to exit 65 (Murfreesboro Rd/Hwy 96) and turn right. Turn left onto S Margin St. Turn left onto Lewisburg Ave. Turn right onto E Fowlkes St. Turn left onto Natchez St, Turn left onto Granbury St addresses 327 thru 405
Sell a home like this and save $191,501 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
7428 Leelee Dr, Franklin, TN, 37064 $1,370,000 5 6 3,686 0.27 Acre
7262 Murrel Dr, Franklin, TN, 37064 $2,399,900 5 7 5,372 0.96 Acre
7209 Bonterra Ct, Franklin, TN, 37064 $2,645,000 4 5 4,667 1.07 Acres
7212 Bonterra Ct, Franklin, TN, 37064 $2,550,000 4 6 4,361 1.01 Acre
7216 Bonterra Ct, Franklin, TN, 37064 $2,499,990 4 5 5,124 1.01 Acre
7132 Bonterra Dr, Franklin, TN, 37064 $3,249,999 4 5 4,410 1.01 Acre
7128 Bonterra Dr, Franklin, TN, 37064 $2,799,900 6 8 5,628 1 Acre
7112 Bonterra Dr, Franklin, TN, 37064 $2,650,000 5 6 4,727 1.03 Acres
4334 Peytonsville Trini.., Franklin, TN, 37064 $5,250,000 4 7 5,954 5.28 Acres
4311 Peytonsville Trini.., Franklin, TN, 37064 $1,225,000 3 3 2,307 5 Acres
Broker Logo

Disclaimer: The information being provided courtesy of REALTRAC (RT RealTracs) as distributed by MLS GRID and is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the REALTRAC (RT RealTracs). ByOwner.com is not a Multiple Listing Service (MLS), nor does it offer MLS access. ByOwner.com is a broker participant of REALTRAC (RT RealTracs). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.

Based on information submitted to the MLS GRID as of 09/10/2026 @ 06:20. All data is obtained from various sources and may not have been verified by the 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.
Properties displayed may be listed or sold by various participants in the MLS.

Consumer use of IDX Listings Disclaimer: Based on information submitted to the MLS GRID as of 09/10/2026 @ 06:20. 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. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.


DMCA Notice: The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
“The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

ByOwner last updated this listing 09/10/2026 @ 06:20

MLS: REALTRAC #3544494 LISTED BY: Gary Loebsack, Cobalt Premier Properties 615-771-7707 SOURCE: REALTRAC (RT RealTracs) (Listings courtesy of REALTRAC (RT RealTracs) as distributed by MLS GRID)

Homes around $3,200,000

Selling? Save $191,501 when you sell a home like this

Tour with a ByOwner Agent