Discover an exceptional multi-family investment opportunity in the heart of Franklin, NC! This remarkable property spans approximately 8.2 acres & is minutes from the vibrant downtown area. It features city sewer & water connections already in place, with additional options for expansion. With a well-balanced portfolio of income-generating properties, this site is positioned for immediate returns & future growth. The property includes 14 rental opportunities: 5 thoughtfully designed 3-bedroom, 2-bathroom townhomes built in 2010, perfect for attracting long-term tenants. There's an 8-unit apartment building built in 2012, each unit with 2 bedrooms & 2 bathrooms, meeting the region's strong rental demand. Additionally, a charming 3-bedroom, 2-bathroom single-family home built in 1954 offers versatility as a primary residence or a short-term rental. With considerable undeveloped land & plans for 17 additional residential units, including 15 townhomes & 2 apartments, investors can maximize returns in this desirable location. Franklin's mountain charm & access to highways make this property a rare find. Seize this opportunity to invest in stunning landscapes of Western North Carolina!
For sale
Price cut: $100K (4/6)
$3,100,000
520 Baird Cove Rd, Franklin, NC 28734
3beds
--sqft
Est.:
Residential, Townhouse, Current Rental
Built in 2012
8.2 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Considerable undeveloped land
- 104 days |
- 67 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
Vanessa Moore,
Highlands Sotheby's International Realty (Mls),
Craig Berry (MLS Only),
Highlands Sotheby's International Realty (Mls)
Source: Carolina Smokies MLS,MLS#: 26043206
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Level: First
Bedroom 2
- Level: First
Bedroom 3
- Level: First
Heating
- Electric
Cooling
- Central Electric
Appliances
- Included: Dishwasher, Freezer, Microwave, Electric Oven/Range, Refrigerator, Washer, Dryer, Electric Water Heater
Features
- Bonus Room, Breakfast Bar, Ceiling Fan(s), Ceramic Tile Bath, Kitchen/FR Combo, Main Level Living, Primary w/Ensuite, Primary on Main Level, Open Floorplan, Other
- Flooring: Carpet, Some Hardwoods, Ceramic Tile, Combination
- Windows: Windows-Storm All
- Basement: Other
- Attic: None
- Has fireplace: Yes
- Fireplace features: Wood Burning
Interior area
- Living area range: 4000+ Square Feet
Video & virtual tour
Property
Parking
- Parking features: Garage-Single Attached, Garage Door Opener, Paved Driveway
- Attached garage spaces: 1
- Has uncovered spaces: Yes
Features
- Patio & porch: Deck, Porch
- Has view: Yes
- View description: Short Range View, View-Winter
Lot
- Size: 8.2 Acres
- Features: Level, Level Yard, Within City Limits
Details
- Parcel number: 6584495942
Construction
Type & style
- Home type: Townhouse
- Architectural style: Traditional
- Property subtype: Residential, Townhouse, Current Rental
Materials
- HardiPlank Type, Stone
- Roof: Shingle
Condition
- Year built: 2012
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Crawford Land
Location
- Region: Franklin
Financial & listing details
- Tax assessed value: $1,851,700
- Annual tax amount: $9,417
- Date on market: 1/30/2026
- Listing terms: Cash,Conventional
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,441/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/6/2026 | Price change | $3,100,000-3.1% |
Source: Carolina Smokies MLS #26043206 Report a problem | ||
| 1/30/2026 | Listed for sale | $3,200,000 |
Source: Carolina Smokies MLS #26043206 Report a problem | ||
| 12/3/2022 | Listed for rent | $1,750 |
Source: Zillow Rental Manager Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,976 -30.5% | $1,851,700 -35% |
| 2024 | $11,482 +6.3% | $2,847,750 |
| 2023 | $10,801 +29.2% | $2,847,750 +70.6% |
| 2022 | $8,359 -8.1% | $1,669,550 |
| 2021 | $9,100 +4.9% | $1,669,550 |
| 2020 | $8,678 +2.1% | $1,669,550 |
| 2019 | $8,496 | $1,669,550 +1% |
| 2018 | $8,496 +6.2% | $1,652,840 |
| 2017 | $7,999 | $1,652,840 |
| 2016 | $7,999 +2.1% | $1,652,840 |
| 2015 | $7,834 +4.3% | $1,652,840 +48.5% |
| 2014 | $7,512 | $1,113,370 -18% |
| 2013 | $7,512 | $1,357,770 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 28734
Nearby schools
GreatSchools rating
- 5/10Cartoogechaye ElementaryGrades: PK-4Distance: 2.2 mi
- 6/10Macon Middle SchoolGrades: 7-8Distance: 2.9 mi
- 6/10Franklin HighGrades: 9-12Distance: 1.3 mi
A local agent can set up tours, give advice and negotiate with sellers.
- North Carolina
- Macon County
- Franklin
- 28734
- 520 Baird Cove Rd
Nearby cities
Nearby zip codes
Other Franklin Topics
