Portsmouth › HIGHLAND PARK › 105 Franklin Ave✓ Source: REIN MLS #10651130 · record updated Oct 9, 2026 · synced every 2 min · your inquiry is never resold

105 Franklin AVE, PORTSMOUTH VA 23702 - Main photo

$345,000

3beds

2.1baths

1,435sqft

20days on market

105 Franklin Ave, Portsmouth, VA 23702

SoldResidential · built 2026 · HIGHLAND PARK

Facts & features

Type

Residential

Year built

2026

Price / sqft

$240

HOA

None

Taxes

$595/yr

County

Portsmouth VA

MLS #

10651130

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

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

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. Enjoy outdoor living on the rear patio, great for relaxing or entertaining.

Listing courtesy of Kevan Foote · Iron Valley Real Est Norfolk · REIN MLS #10651130

Tom & Dariya's overview

Our read on this home

by Tom & Dariya Milan, REALTORS® · Brokered by LPT Realty

At a glance

Meet 105 Franklin Avenue—a brand-new three-bedroom, two-bath home in Portsmouth built in 2026. You're just minutes from Norfolk Naval Shipyard and USCG Base Portsmouth. Daily life is easy here, with coffee, food, and parks all within walking distance.

Keep searching in Portsmouth

See all Portsmouth homes for sale, including homes for sale in 23702, homes for sale zoned for Norcom High School, and homes for sale zoned for Victory Elementary School. Browse every listing among homes for sale in Portsmouth — updated from the REIN MLS every few minutes. Nearby, look at Brighton homes for sale, Portsmouth waterfront homes for sale, Portsmouth condos and townhomes for sale, and new construction homes in Portsmouth.

Read the full overview ↓

Why this home stands out

This is a fresh home with modern systems and layouts built to last. At 1,435 square feet, you get efficient space without waste. The location is unbeatable for anyone working at the shipyard or base. You're in the heart of Portsmouth, where convenience meets affordability. There's a lot to love about new construction—everything's under warranty, nothing needs fixing right away.

HIGHLAND PARK and the Portsmouth real estate market

Franklin Avenue sits in a working Portsmouth neighborhood with steady foot traffic and real community character. The streets here are walkable, with local businesses and gathering spots nearby. Portsmouth itself is a historic waterfront city with deep roots in shipbuilding and naval heritage. The downtown area has seen real investment in recent years, with restaurants, shops, and cultural spaces drawing people in. If you're comparing homes for sale in Portsmouth, location matters—and this address puts you close to everything. You're minutes from the water, minutes from employment, and minutes from daily errands. Getting around is straightforward: local streets connect easily to Route 164 and the larger regional network. Anyone comparing homes for sale in 23702 will find this neighborhood offers solid value and genuine convenience.

What's nearby

You're walking distance to Highland Biltmore Park and a short stroll to Truxtun Historic District, both great for a quick break or weekend outing. Coffee and quick meals are steps away—7-Eleven and Dunkin' nearby, plus New York Pizza & Deli and Hay Hing Chinese within a few blocks. Grocery stops like Dollar General and BP are all under a mile away. GreenwoodSniffSpot park is a short walk if you need outdoor space. Everything you need for daily life is close by, no long drives required.

For different buyers

Base commute and VA loan notes

Norfolk Naval Shipyard is just four minutes away; USCG Base Portsmouth is five. This home qualifies for VA loan financing, and new construction often means lower closing costs and move-in readiness. You'll save time on your commute and gain time with what matters most. The 2026 build means everything is current and under warranty.

Room to grow

Three bedrooms give you room to grow—a master suite, two secondary bedrooms, and 2.1 baths mean everyone has space. The open layout makes the 1,435 square feet feel larger than the number suggests. New construction means efficient storage and modern closet design throughout. A fresh home also means no surprise repairs or hidden wear—you're starting clean.

Homes like this one sell fast — see the next one first

Portsmouth$290K – $400K3+ beds

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Schools

VaHome School Score

Our own 1–10 rating, scored from Virginia Department of Education data.

ElementaryVictory Elementary School
3.7/10
MiddleCradock Middle School
1.4/10
HighI.C. Norcom High School
2.6/10

VaHome School Score — calculated by VaHome.com from Virginia Department of Education assessment, progress, and attendance data. Attendance zones come from the MLS listing record; confirm the current zone with the school division before making an offer.

Flood & environment

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

Flood Risk (FEMA)

Source: FEMA National Flood Hazard Layer · FIRM 515529

Low / Moderate Risk

FEMA flood zone

X (low to moderate risk)

Base flood elevation

Not applicable in low-risk zones

Zone X is outside the Special Flood Hazard Area; FEMA doesn\u2019t define a BFE here.

Property elevation

9.8 ft above sea level

USGS 3DEP digital elevation model

Outside the high-risk Special Flood Hazard Area. Federal flood insurance is NOT required, though optional preferred-rate NFIP coverage is still worth considering in coastal Hampton Roads.

Data sources: Flood zone and base flood elevation come from FEMA\u2019s National Flood Hazard Layer. Property elevation is sampled from a single point on the parcel using the USGS National Map elevation service \u2014 actual elevations across a single property can vary by several feet higher or lower than the figure shown. Use these numbers as a starting reference and do your own due diligence (a professional survey or elevation certificate) before relying on them for any financial, insurance, or construction decision.

Hurricane Evacuation Zone

Evacuation Zone B

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

Explore this neighborhood

Brighton

Brighton is a neighborhood in Portsmouth, Virginia. It has tree-lined streets and a mix of home styles. They reflect the area's deep local roots.

$275K

Median sale · 12 mo

$171

Sold $/sq ft

22d

Days on market

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 →

Neighborhood

houses for sale in Portsmouth →

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

$1,940/mo

Down payment20% · $69,000

Interest rate6.75%

Loan term30 years

Principal & interest

$1,790

Property tax

$50

Home insurance

$101

PMI

None

HOA/Condo (paid separately)

None

Estimate only. Association (HOA/condo) fees are paid separately and are not included in the payment above. 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

184% of $187,460

City assessment record · taxes $595/yr

Land share of assessed value

38% — $70,500

Improvements $116,960 · assessor record ✓

Price context — similar nearby homes

$215,000 – $364,500

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.

408 Forecastle ST · 0.6 mi · 1,272 sqft$364,500 sold 2026-02

289 Choate ST · 0.9 mi · 1,500 sqft$303,000 sold 2026-05

3604 Kingman AVE · 1.2 mi · 1,424 sqft$215,000 sold 2026-07

Own a home nearby? See what it is worth today — What's your Portsmouth home worth?

Sale & Tax History

List Price

$345,000

Price / Sq Ft

$240

Annual Taxes

$595

Monthly Tax

$50

HOA

None

Tax Rate (effective)

0.17%

Sale Timeline (this listing)

Event	Date	Price	Detail
Listed	Sep 19, 2026	$345,000	—
Sold	Oct 6, 2026	$345,000	—

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

84% 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.

Questions buyers ask

Is 105 Franklin Ave in a good school zone?+

The assigned zones on the listing record are Victory Elementary (VaHome School Score 3.7/10), Cradock Middle (VaHome School Score 1.4/10), 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

Tom & Dariya Milan

Brokered by 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 #10651130

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.

This home has sold

Curious what it means for your own plans? Ask about similar homes nearby, or what your home might sell for in this market.

This one's sold — the next one doesn't have to be.

🏡 Homes for sale in Portsmouth Call or text (757) 777-7577

105 Franklin Ave, Portsmouth, Virginia 23702 · MLS #10651130 · 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.

✆

105 Franklin Ave, Portsmouth, VA 23702

Facts & features

About this home

Our read on this home

Why this home stands out

HIGHLAND PARK and the Portsmouth real estate market

What's nearby

For different buyers

Base commute and VA loan notes

Room to grow

More buyer questions

Homes like this one sell fast — see the next one first

Schools

Flood & environment

🌊 Flood Risk (FEMA)

Hurricane Evacuation Zone

Brighton

Minutes to real places, not a score

Location & Neighborhood

Military Commute

Run the real carrying cost

Estimate your monthly payment

Judge value on real ground

Sale & Tax History

Sale Timeline (this listing)

Public-Records Assessment

Comparable Properties

Questions buyers ask

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

This one's sold — the next one doesn't have to be.

Flood Risk (FEMA)