1 days on market
$350,000
105 Franklin Avenue 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
1
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 of fresh construction just four minutes from Norfolk Naval Shipyard — a rare combination of modern finishes and unbeatable proximity to the shipyard.
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Why this home stands out
New construction in an established Portsmouth corridor is genuinely hard to find, and 105 Franklin Avenue delivers exactly that. Built in 2026, every surface, system, and fixture is factory-fresh — no deferred maintenance, no aging mechanicals, no surprises. Add a half-bath on the main level for everyday convenience, and you have a layout that actually fits how people live rather than how houses used to be built.
HIGHLAND PARK and the Portsmouth real estate market
Portsmouth is one of Hampton Roads' most storied cities, and the area surrounding Franklin Avenue sits squarely in its working-waterfront heart. The city wraps the southern bank of the Elizabeth River, placing residents within easy reach of the Olde Towne Portsmouth historic district — one of the largest collections of pre-Civil War architecture on the East Coast — as well as the Portsmouth waterfront boardwalk and the Portside area. Daily life here moves at a comfortable pace: corner stores, local diners, and neighborhood parks are woven into the street grid in a way that newer suburban developments simply can't replicate. Portsmouth also connects quickly to Norfolk via the Downtown Tunnel and to Chesapeake via I-264 and Route 17, making the broader Hampton Roads metro genuinely accessible. For anyone searching for new construction Portsmouth VA, this address puts you inside the city's character without sacrificing modern comforts.
What's nearby
Getting around from 105 Franklin Avenue is straightforward. Norfolk Naval Shipyard is roughly four minutes by car — one of the shortest base commutes in all of Hampton Roads. USCG Base Portsmouth is about five minutes in the opposite direction. The Olde Towne Portsmouth waterfront is a short drive east, offering weekend farmers markets, waterfront dining, and the free Paddlewheel Ferry to Norfolk's Waterside District. Grocery options, pharmacies, and everyday retail cluster along Frederick Boulevard and Victory Boulevard, both within a ten-minute radius. Portsmouth City Park and its athletic fields are also close by for weekend recreation.
For different buyers
For military families relocating
Four minutes to Norfolk Naval Shipyard and five minutes to USCG Base Portsmouth — it's rare to find new construction this close to two active installations. A VA loan pairs naturally with a 2026-built home: no seller concessions needed for repairs, clean inspection reports, and systems under full manufacturer warranty from day one. For a military family on PCS orders, that kind of certainty matters.
For first-time buyers
Buying your first home is easier when the property itself isn't adding complexity. At 105 Franklin Avenue, everything is new — appliances, HVAC, plumbing, electrical — so your early years of ownership are about building equity, not fielding repair bills. Three bedrooms and two and a half baths give you room to grow, and Portsmouth's location keeps your commute short whether you're headed to a base or a downtown office.
Frequently asked questions
How far is 105 Franklin Avenue from Norfolk Naval Shipyard?
The drive is approximately four minutes under normal traffic conditions, making this one of the closest new-construction addresses to the shipyard gate in the current Portsmouth market. For shipyard workers and sailors alike, that kind of proximity translates to real time back in your day.
Is 105 Franklin Avenue in a flood zone?
Flood zone status for this address is displayed in the dedicated FloodRisk tile on this page, which pulls current FEMA map data. We recommend reviewing that section and discussing flood insurance options with your lender before closing.
What year was 105 Franklin Avenue built?
The home was built in 2026, making it brand-new construction. All major systems — HVAC, plumbing, electrical, and appliances — are under their original manufacturer warranties.
Does 105 Franklin Avenue have an HOA?
HOA status for this property is confirmed in the listing details above. If an HOA applies, the governing documents will be provided as part of the standard disclosure package during the purchase process.
How far is 105 Franklin Avenue from USCG Base Portsmouth?
USCG Base Portsmouth is approximately five minutes by car from 105 Franklin Avenue, making this address equally convenient for Coast Guard personnel stationed there.
Ready to walk through 105 Franklin Avenue? Reach out to Tom and Dariya Milan at LPT Realty — they know Portsmouth inside and out and can schedule your visit today.
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 Avenue AVE, PORTSMOUTH VA 23702
Portsmouth, Virginia 23702
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