3 days on market
$350,000
105 Franklin Ave
Portsmouth, Virginia 23702
MLS# 10641023 · HIGHLAND PARK · Portsmouth VA
Updated yesterday · Source: REIN MLS
Est. payment
$1,968/mo
Edit below
Price / sq ft
$244
1,435 sq ft
Days on market
3
New listing
HOA
None
Year built
2026
0 yrs old
Beds
3
Full Baths
2
Half Baths
1
Sq Ft
1,435
Garage
Yes
Schools
- ElementaryVictory Elementary School3/10
- MiddleCradock Middle School3/10
- 2/10
Info provided by GreatSchools
About this home
This stunning new construction home features modern finishes and a thoughtfully designed layout. A spacious one-car attached garage complements the open-concept living area and stylish kitchen with stainless steel appliances and granite countertops. LVP flooring enhances the main level, while comfortable carpeting upstairs adds warmth. The primary suite offers a private ensuite bathroom and a large walk-in closet. En…
Listed by Kevan Foote · Iron Valley Real Est Norfolk
VaHome Team property overview
A brand-new 2026-built townhome-style residence in Portsmouth, Virginia, offering three bedrooms, two and a half baths, and 1,435 square feet — all within a four-minute drive of Norfolk Naval Shipyard and five minutes from USCG Base Portsmouth.
Read full property overview ↓Show less ↑
Why this home stands out
New construction in 2026 means everything — the roof, the systems, the finishes — is fresh from day one. You're not inheriting someone else's deferred maintenance or outdated layout. The half-bath on the main level keeps daily life practical, and the location puts two major installations within a single traffic light of your front door. For active-duty households, that kind of commute math is genuinely rare.
HIGHLAND PARK and the Portsmouth real estate market
Portsmouth is one of Hampton Roads' most historically layered cities, and 105 Franklin Ave sits in a part of town where that history is visible in the streetscape while new investment is quietly reshaping the blocks around it. The city sits on the western bank of the Elizabeth River, directly across from downtown Norfolk, and it carries a distinct identity — working waterfront, walkable older neighborhoods, and a civic pride that longtime residents wear openly. The area around Franklin Ave has the character of an established urban neighborhood: mature trees, compact lots, and neighbors who actually know each other. Portsmouth's downtown and Olde Towne district are just a short drive north, offering independent restaurants, the Children's Museum of Virginia, and the Portsmouth Naval Shipyard Museum along the riverfront. As a city, Portsmouth rewards buyers who want proximity to everything Hampton Roads offers without paying a premium for a trendier zip code.
What's nearby
Day-to-day errands are straightforward from 105 Franklin Ave. Grocery options, pharmacies, and fast-casual dining are all within a short drive along Frederick Boulevard and the surrounding corridors. The Elizabeth River Trail system connects Portsmouth to the broader regional path network for cyclists and walkers. Olde Towne Portsmouth — with its brick sidewalks, waterfront views, and local dining — is just minutes north. The Downtown Portsmouth ferry landing puts you across the river in Norfolk in minutes, opening up access to Granby Street, the Scope arena district, and the broader Southside without ever touching a bridge.
For different buyers
For military families relocating
Four minutes to Norfolk Naval Shipyard and five minutes to USCG Base Portsmouth — the commute math here is about as favorable as it gets in Hampton Roads. New construction means no surprise repair bills eating into your housing allowance, and a VA loan makes financing straightforward for eligible service members. This is the kind of address that makes a PCS feel less like a disruption and more like an upgrade.
For first-time buyers
Buying your first home in 2026 means you want something that won't hand you a to-do list on day one. At 105 Franklin Ave, the build year is the year you move in — every system is new, every surface is fresh, and the three-bedroom layout gives you room to grow. Portsmouth's price point relative to the rest of Hampton Roads also means your budget goes further here than it would across the river.
Frequently asked questions
How far is 105 Franklin Ave from Norfolk Naval Shipyard?
Norfolk Naval Shipyard is approximately a four-minute drive from 105 Franklin Ave, making it one of the closest residential options to the installation in the area.
Is 105 Franklin Ave in a flood zone?
Flood zone designation for this address is displayed in the FloodRisk tile on this page — check that section for the current FEMA map classification and zone details.
What year was 105 Franklin Ave built?
105 Franklin Ave was built in 2026, making it brand-new construction with no prior ownership history.
Does 105 Franklin Ave have a garage?
Garage details for this property are best confirmed through the current listing data or by contacting the listing agent directly, as specifications can vary by unit in new construction.
How close is USCG Base Portsmouth to 105 Franklin Ave?
USCG Base Portsmouth is roughly a five-minute drive from 105 Franklin Ave, giving Coast Guard households an exceptionally short commute from this address.
Tom and Dariya Milan at LPT Realty know Portsmouth inside and out — reach out to get your questions answered and schedule a walkthrough of 105 Franklin Ave.
Summary generated by AI from public records and publicly available information.
Location & Neighborhood
Places within ~1 mile, ordered by distance from this property. Powered by Google Places.
Flood Risk
Property Details
Bedrooms
3
Full Baths
2
Half Baths
1
Approx Sq Ft
1,435
Stories
2
Fireplaces
0
Flooring
Carpet, Laminate/LVP
Heating
Cooling
Laundry
Interior Features
N/A
Appliances
Dishwasher, Dryer Hookup, Range, Washer Hookup
Sale & Tax History
List Price
$350,000
Price / Sq Ft
$244
Annual Taxes
$595
Monthly Tax
$50
HOA
None
Tax Rate (effective)
0.17%
Sale Timeline (this listing)
| Event | Date | Price | Detail |
|---|---|---|---|
| Listed | Jun 26, 2026 | $350,000 | — |
| Currently listed | — | $350,000 | — |
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:
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.
About buying in Portsmouth
Homes for sale in Portsmouth, VA combine historic charm with the most affordable entry prices in Hampton Roads. Olde Towne Portsmouth (23704) features cobblestone streets and Federalist-era row houses overlooking the Elizabeth River, with active listings typically ranging $250K-$500K. Western Portsmouth's Churchland neighborhood (23703) offers larger suburban homes, top schools, and direct commutes to Norfolk Naval Shipyard. Park View (23707) and Cradock (23702) provide some of the most affordable single-family inventory in the region, often under $200K. Portsmouth's biggest employers are Norfolk Naval Shipyard (one of the largest ship-repair facilities in the country) and Naval Medical Center Portsmouth — Hampton Roads' largest military hospital. Active-duty military and shipyard families make up a significant share of buyers, and VA loan financing is common. Portsmouth Public Schools includes Churchland High, Manor High, and I.C. Norcom High; Churchland is consistently among the city's top-performing high schools. Buyers looking for waterfront views without Virginia Beach prices often find Portsmouth's Olde Towne and Hodges Ferry areas particularly attractive. Browse every active Portsmouth listing below, refreshed every 5 minutes from the REIN MLS.
Military Commute
Drive times to nearest basesDrive 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.
Estimate your monthly payment
$1,968/moPrincipal & interest
$1,816
Property tax
$50
Home insurance
$102
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.
Listed by Iron Valley Real Est Norfolk · MLS# 10641023
Data provided by REIN MLS. Information deemed reliable but not guaranteed.
$350,000
105 Franklin AVE, PORTSMOUTH VA 23702
Portsmouth, Virginia 23702
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