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PortsmouthHIGHLAND PARK105 Franklin Ave✓ Source: REIN MLS #10641023 · record updated Jul 19, 2026 · synced every 2 min · your inquiry is never resold
105 Franklin AVE, PORTSMOUTH VA 23702 - Main photo
105 Franklin AVE, PORTSMOUTH VA 23702 - Photo 2
105 Franklin AVE, PORTSMOUTH VA 23702 - Photo 3
105 Franklin AVE, PORTSMOUTH VA 23702 - Photo 4
105 Franklin AVE, PORTSMOUTH VA 23702 - Photo 5
$350,000
$244 / sqft · est. $1,968/mo →
3beds
2.1baths
1,435sqft
22days on market

105 Franklin Ave, Portsmouth, VA 23702

ActiveResidential · built 2026 · HIGHLAND PARK

About this home

The listing, in the seller's words

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. Enjoy outdoor living on the rear deck, perfect for relaxing or entertaining.

Listing courtesy of Kevan Foote · Iron Valley Real Est Norfolk · REIN MLS #10641023

VaHome team overview

Our read on this home

At a glance

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 the full overview ↓

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 You're not inheriting someone else's deferred maintenance or outdated layout.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.

More buyer 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.

Schools

Info provided by GreatSchools

Facts & features

The record, sourced

Type

Residential

Year built

2026

Price / sqft

$244

HOA

None

Taxes

$595/yr

County

Portsmouth VA

Waterfront

Yes

MLS #

10641023

Interior

Bedrooms
3
Full baths
2
Half baths
1
Approx. sqft
1,435
Stories
2
Flooring
Carpet, Laminate/LVP
Total rooms
6
Other rooms
PBR with Bath, Utility Closet
Appliances
Dishwasher, Dryer Hookup, Range, Washer Hookup

Construction & exterior

Style
Traditional
Subtype
Detached
Foundation
Slab
Roof
Asphalt Shingle
Exterior
Shingle
Pool
No Pool
Waterfront
Not Waterfront

Utilities & systems

Heating
Heat Pump
Cooling
Central Air
Water heater
Electric
Water
City/County
Sewer
City/County

Lot, parking & ownership

Subdivision
HIGHLAND PARK
Zoning
UR
Ownership
Fee Simple
Garage
Yes
Parking
Garage Att 1 Car, Street
Possession
SETTLEMENT
Disclosures
Disclosure Statement

See more Portsmouth new construction homes.

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

Flood & environment

FEMA flood zone X · outside the high-risk area · FIRM 515529

Flood Risk

Looking up FEMA flood zone…

Hurricane Evacuation Zone

Evacuation Zone B

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

Explore this neighborhood

Brighton

Brighton is a residential neighborhood in Portsmouth, Virginia, characterized by tree-lined streets and a mix of housing styles that reflect its established community roots.

$280K

Median sale · 12 mo

$181

Sold $/sq ft

22d

Days on market

14

For sale now

$46K

HH income

55.2%

Owner-occupied

REIN MLS closed sales, trailing 12 mo · U.S. Census ACS 2024 5-year

Explore Brighton
Map of Brighton with neighborhood boundaryNeighborhood

see more Portsmouth homes

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

$1,968/mo

Principal & 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.

Value & history

Judge value on real ground

Asking vs. assessment

187% of $187,460

City assessment record · taxes $595/yr

Land share of assessed value

38% — $70,500

Improvements $116,960 · 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

$242,500$325,000

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.

28 Woodland ST · 1.1 mi · 1,305 sqft$285,000 sold 2026-06
169 Allard RD · 1.6 mi · 1,440 sqft$276,000 sold 2026-03
2924 Smithfield RD · 1.3 mi · 1,565 sqft$325,000 sold 2026-04

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)

EventDatePriceDetail
ListedJun 27, 2026$350,000
Currently listed$350,000

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

87% above assessment

Total Assessed

$187,460

Land

$70,500

Improvement

$116,960

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:

Portsmouth Real Estate Assessor

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.

Market tempo

22 days on market — read it in context

Days on market reflects pricing, season, and inventory — compare it against similar nearby homes below before reading anything into it.

Questions buyers ask

Real questions, answered from the record

Is 105 Franklin Ave in a good school zone?+
The assigned zones on the listing record are Victory Elementary (GreatSchools 3/10), Cradock Middle, IC Norcom. School attendance zones can change — always confirm enrollment with the local school division.
Is 105 Franklin 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 105 Franklin Ave?+
Yes — Callaghan Gym and Fitness Center is about 0.9 miles away, per the cached nearby-places record for this address.
Are there parks near 105 Franklin Ave?+
Highland Biltmore Park is about 0.2 miles away.
Where is the nearest grocery store to 105 Franklin Ave?+
Dollar General is about 0.3 miles away. The closest dining on record is 7-Eleven (0.1 mi).
Does 105 Franklin Ave have an HOA?+
No — there are no HOA, condo, or association dues on the listing record for this property.
When was 105 Franklin Ave built?+
It was built in 2026, 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 Kevan Foote · Iron Valley Real Est Norfolk · REIN MLS #10641023

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.

105 Franklin Ave, Portsmouth — photo

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

Call or text (757) 777-7577

105 Franklin Ave, Portsmouth, Virginia 23702 · MLS #10641023 · 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.