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FranklinALL OTHERS AREA 671005 Railroad Ave✓ Source: REIN MLS #10638483 · record updated Jun 30, 2026 · synced every 2 min · your inquiry is never resold
1005 Railroad AVE, FRANKLIN VA 23851 - Main photo
1005 Railroad AVE, FRANKLIN VA 23851 - Photo 2
1005 Railroad AVE, FRANKLIN VA 23851 - Photo 3
1005 Railroad AVE, FRANKLIN VA 23851 - Photo 4
1005 Railroad AVE, FRANKLIN VA 23851 - Photo 5
$94,500
$73 / sqft · est. $593/mo →
4beds
1baths
1,286sqft
22days on market

1005 Railroad Ave, Franklin, VA 23851

Under ContractResidential · built 1958 · ALL OTHERS AREA 67

About this home

The listing, in the seller's words

Calling all investors! This property is currently being utilized as a rental and presents an excellent investment opportunity. The interior is in need of some TLC, making it ideal for those looking to renovate and add value. Whether you're seeking a long-term rental to generate passive income or a flip project with resale potential, this property offers plenty of possibilities. Priced with investors in mind, this is a great opportunity to expand your portfolio and maximize your return on investment.

Listing courtesy of Micah Dillon · EXP Realty LLC · REIN MLS #10638483

Schools

  • ElementaryS.P. Morton Elementary
  • MiddleJoseph P. King Jr. Middle
  • HighFranklin

Info provided by GreatSchools

Facts & features

The record, sourced

Type

Residential

Year built

1958

Price / sqft

$73

HOA

None

Taxes

$900/yr

County

Franklin VA

Waterfront

Yes

MLS #

10638483

Interior

Bedrooms
4
Full baths
1
Approx. sqft
1,286
Stories
1
Flooring
Ceramic, Laminate/LVP, Vinyl
First-floor bed & full bath
Yes
Total rooms
6
Other rooms
1st Floor BR, Attic, Porch, Utility Room
Appliances
Dryer Hookup, Elec Range, Washer Hookup
Equipment
Ceiling Fan

Construction & exterior

Style
Ranch
Subtype
Detached
Foundation
Crawl
Roof
Asphalt Shingle
Exterior
Vinyl
Pool
No Pool
Waterfront
Not Waterfront

Utilities & systems

Heating
Basebd
Cooling
Window/Wall
Water heater
Electric
Water
City/County
Sewer
City/County

Lot, parking & ownership

Lot size
0.2000
Subdivision
ALL OTHERS AREA 67
Ownership
Fee Simple
Garage
No
Parking
Driveway Spc, Street
Possession
CLOSING
Disclosures
Disclosure Statement

Sources: REIN MLS record · city assessor · null fields are suppressed, never faked

Flood & environment

The flood answer first — quantified, not buried

FEMA flood zone X · outside the high-risk area · FIRM 510060

Flood Risk

Looking up FEMA flood zone…

Hurricane Evacuation Zone

Not in a designated hurricane evacuation zone.

Source: Virginia Dept. of Emergency Management — Know Your Zone

Location intelligence

Minutes to real places, not a score

Location & Neighborhood

Places within ~1 mile, ordered by distance from this property. Powered by Google Places.

Military Commute

Drive times to nearest bases

Drive times via Google Maps with current traffic patterns. Times are typical and may vary by time of day. Use the "Analyze" button up top to see live drive time to your saved base.

The numbers

Run the real carrying cost

Estimates only — taxes come from the public record; confirm rates with your lender. VA-eligible buyers: $0-down financing may apply.

Estimate your monthly payment

$593/mo

Principal & interest

$490

Property tax

$75

Home insurance

$28

PMI

None

HOA

None

Estimate only. Insurance assumed at 0.35% of home value annually. Actual taxes, insurance, and rate will vary by lender, credit, and property. Contact a lender for a personalized quote.

Value & history

Judge value on real ground

Asking vs. assessment

112% of $84,700

City assessment record · taxes $900/yr

Land share of assessed value

25% — $21,500

Improvements $63,200 · assessor record ✓

Why we show no algorithmic estimate.

National AVMs misprice homes whose value drivers they can't see. Instead: the sourced assessment above, the carrying cost, real price history, and honest comparables below.

Price context — similar nearby homes

$65,000$285,000

The 6 most similar homes nearby (same city, within ~20% of this size, ~2.5 mi; 6 sold). Context for judging the asking price — not an appraisal or an estimate of this home's value.

200 Delk ST · 0.4 mi · 1,300 sqft$114,900 sold 2026-03
650 Hayden DR · 0.4 mi · 1,321 sqft$140,000 sold 2026-04
311 Washington ST · 0.2 mi · 1,200 sqft$240,000 sold 2026-05

Sale & Tax History

List Price

$94,500

Price / Sq Ft

$73

Annual Taxes

$900

Monthly Tax

$75

HOA

None

Tax Rate (effective)

0.95%

Sale Timeline (this listing)

EventDatePriceDetail
ListedJun 8, 2026$94,500
Currently listed$94,500

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

12% above assessment

Total Assessed

$84,700

Land

$21,500

Improvement

$63,200

Looking for multi-year tax assessments or prior sales? REIN MLS only ships data for the current listing. For full property history, check the city assessor record:

Franklin Assessor (Google)

Tax data above from REIN public-records sync. Sale timeline tracked from this listing's first appearance in our feed forward; prior owner sales are not included.

Comparable Properties

Comps are selected by city, bed count, square footage and price proximity. Composite similarity score weights bed match, sqft variance, price variance, and straight-line distance.

Questions buyers ask

Real questions, answered from the record

Is 1005 Railroad Ave in a good school zone?+
The assigned zones on the listing record are S.P. Morton Elementary, Joseph P. King Jr. Middle, Franklin. School attendance zones can change — always confirm enrollment with the local school division.
Is 1005 Railroad Ave in a flood zone?+
FEMA maps this parcel in Zone X, outside the high-risk Special Flood Hazard Area. See the flood section on this page for details and sources.
Is there a gym near 1005 Railroad Ave?+
Yes — TaylorMade Fitness VA is about 0.6 miles away, per the cached nearby-places record for this address.
Are there parks near 1005 Railroad Ave?+
Franklin Recreation Department is about 0.5 miles away.
Where is the nearest grocery store to 1005 Railroad Ave?+
Los Cerezos Latino Store is about 0.2 miles away. The closest dining on record is Shugga's Place (0.3 mi).
Does 1005 Railroad Ave have an HOA?+
No — there are no HOA, condo, or association dues on the listing record for this property.
When was 1005 Railroad Ave built?+
It was built in 1958, per the listing record.

Answers generated from the listing record, verified school zones, FEMA data, and cached nearby-places data — never invented.

The people

You'll talk to a person, not a lead queue

TD

Tom & Dariya Milan

LPT Realty · Hampton Roads · answer their own phone

✓ Your inquiry goes to Tom & Dariya — never sold to strangers

Listing courtesy of Micah Dillon · EXP Realty LLC · REIN MLS #10638483

Call or text (757) 777-7577

Ask Dariya — instant answers

Schools, flood, drive times, what it really costs to own — answered from this page's data, by chat or voice.

Schedule a private tour

Free, no obligation — your inquiry goes to Tom & Dariya, never resold.

See it in person — the record only says so much.

Call or text (757) 777-7577

1005 Railroad Ave, Franklin, Virginia 23851 · MLS #10638483 · Source: REIN MLS + public record. Information deemed reliable but not guaranteed — verify independently. School zones subject to change; confirm with the local school division. All locations are described by neutral geographic fact. Equal Housing Opportunity.