115 Allen Avenue
Franklinton, NC 27525INVESTOR OPPORTUNITY IN GROWING FRANKLINTON! Welcome to 115 Allen Ave, a 3-bedroom, 1.5-bath brick ranch with excellent potential in a transitioning area of Franklinton. This property has been utilized as a rental for the past seven years and offers an exciting opportunity for an investor looking to add value in an area experiencing new construction and growth. The property sits on two parcels, creating a larger-than-typical lot with the potential for future subdivision, offering the possibility to build two homes as the area continues to develop. With rents in the area reaching as high as $1,750, this property could also make an attractive addition to an investor's rental portfolio. The home is currently occupied and is being sold AS IS. Photos reflect the property prior to the current tenant moving in. The tenant is expected to vacate by the end of August, which will allow for easier access and showings. Until then, all showings are by appointment only. Please do not disturb the current tenant. The home is currently equipped with a ramp and grab bars to accommodate mobility needs, adding flexibility for a variety of future uses. Whether you're looking for your next rental, a value-add opportunity, or land with potential for future redevelopment, 115 Allen Ave is worth a look. With new construction taking shape nearby and Franklinton continuing to grow, now may be the time to get in while prices are still low.
$250,000
3 bedrooms
1 full, 1 half bathrooms
0.52 acres
1,400 square feet
$179 per square foot
- Exterior Features
- Interior Features
- Property Features
- Carport Y/N Yes
- Construction Materials Brick Veneer
- Lot Size Acres 0.52
- Parking Features Detached
- Patio And Porch Features Covered, Porch
- Structure Type House
- Above Grade Finished Area 1,400
- Appliances Dishwasher, Electric Range, Electric Water Heater, Refrigerator
- Cooling Central Air, Electric
- Cooling Y/N Yes
- Fireplace Features Wood Burning
- Fireplaces Total 1
- Flooring Carpet, Tile, Vinyl
- Heating None
- Laundry Features Outside
- Rooms Total 1
- Lot Features Back Yard, Front Yard, Subdivided, Wooded
- Tax Annual Amount 3016
- Water Source Public
- Year Built 1978
Additional Property Information
- TypeSingle Family Residence
- Built1978
- NeighborhoodNot in a Subdivision
- CountyFranklin
- AreaFranklinton
- Elementary SchoolFranklin - Franklinton Elementary
- Middle SchoolFranklin - Franklinton Middle School
- High SchoolFranklin - Franklinton High
Listing courtesy of The Acorn Agency, LLC. © 2026 Triangle MLS, Inc. of North Carolina. All Rights Reserved. Information deemed reliable but not guaranteed.
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