4 days on market
$345,000
107 Franklin Ave
Portsmouth, Virginia 23702
MLS# 10635179 · HIGHLAND PARK · Portsmouth VA
Updated yesterday · Source: REIN MLS
Est. payment
$1,940/mo
Edit below
Price / sq ft
$240
1,435 sq ft
Days on market
4
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
Meet 107 Franklin Ave — a brand-new 2026-built home in Portsmouth, Virginia, offering 3 bedrooms, 2.1 baths, and 1,435 square feet just four minutes from Norfolk Naval Shipyard. Fresh construction, a practical layout, and an unbeatable location for anyone working the waterfront corridor.
Read full property overview ↓Show less ↑
Why this home stands out
New construction in an established Portsmouth neighborhood is genuinely rare, and 107 Franklin Ave delivers exactly that. Built in 2026, every system — electrical, plumbing, HVAC — is factory fresh, which means no deferred maintenance surprises waiting around the corner. You get the character of a mature city block with the reliability of a brand-new build, plus three bedrooms and two and a half baths packed efficiently into 1,435 square feet.
HIGHLAND PARK and the Portsmouth real estate market
Portsmouth sits on the southern bank of the Elizabeth River, directly across from downtown Norfolk, and it carries a personality all its own. Whether you're weighing city or suburbs, Portsmouth lands somewhere refreshingly in between — walkable blocks, mature trees, and a tight-knit feel that larger metro areas rarely offer. The area around Franklin Ave has the lived-in texture of a real neighborhood: front porches, sidewalks, and neighbors who actually wave. Truxtun Historic District is steps away, adding architectural character to the surroundings. Portsmouth as a city has been investing steadily in its infrastructure and waterfront, and that momentum is visible at the street level. You're inside the city limits, which means quick access to major employers, bases, and the interstate network — but the pace of life on Franklin Ave feels genuinely unhurried.
What's nearby
Day-to-day errands are easy from 107 Franklin Ave. A Dollar General sits just 0.3 miles away for quick household runs, and a BP station is within 0.4 miles for fuel and grab-and-go needs. When hunger hits, New York Pizza & Deli and Hay Hing Chinese are both about 0.2 miles out — close enough to walk on a nice evening. A 7-Eleven around the corner covers coffee and late-night snacks. For a proper sit-down coffee experience, Mariner's Reef Cafe is about a mile away. Callaghan Gym and Fitness Center is under a mile for workouts, and Highland Biltmore Park, Truxtun Historic District, and GreenwoodSniffSpot are all within 0.6 miles for outdoor time.
For different buyers
For military families relocating
Norfolk Naval Shipyard is a four-minute drive from your front door, and USCG Base Portsmouth is five minutes in the other direction. That kind of proximity is hard to overstate — shorter commutes mean more time at home, and your BAH goes a long way in this part of Portsmouth. A VA loan pairs naturally with a new-construction purchase like this, often requiring no down payment on a move-in-ready build.
For first-time buyers
A brand-new 2026 build means you're the first owner — no inherited repairs, no aging appliances, no wondering what the previous family left behind. At 1,435 square feet with three bedrooms and two and a half baths, 107 Franklin Ave is sized right for someone stepping into homeownership without overextending. Portsmouth's established neighborhoods offer real community feel without the premium price tag of larger metro zip codes.
Frequently asked questions
How far is 107 Franklin Ave from Norfolk Naval Shipyard?
Norfolk Naval Shipyard is approximately a four-minute drive from 107 Franklin Ave, making it one of the closest residential options to the base in the area.
Is 107 Franklin Ave part of an HOA?
Based on available property data, 107 Franklin Ave does not carry an HOA, so there are no association dues or community rules layered on top of standard city ordinances.
What is the flood risk situation for 107 Franklin Ave?
Flood zone information for this address is detailed in the dedicated FloodRisk tile on this page, which pulls the current FEMA designation for the parcel.
How far is 107 Franklin Ave from USCG Base Portsmouth?
USCG Base Portsmouth is about a five-minute drive from 107 Franklin Ave, placing it well within a practical daily commute window for Coast Guard personnel.
What year was 107 Franklin Ave built?
107 Franklin Ave was built in 2026, making it brand-new construction — all systems, finishes, and appliances are at the start of their service life.
Curious about 107 Franklin Ave or the Portsmouth market? Tom and Dariya Milan at LPT Realty are happy to walk you through the details — reach out anytime to get started.
Summary generated by AI from public records and publicly available information.
Location & Neighborhood
Location & Street View
107 Franklin AVE, Portsmouth
Map and Street View imagery © Google. Imagery may not be current.
Map data ©Google. Click and drag inside the map to explore the surrounding area.
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
$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 | May 16, 2026 | $345,000 | — |
| Currently listed | — | $345,000 | — |
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
Portsmouth combines historic naval heritage with affordable, character-rich neighborhoods. Olde Towne Portsmouth offers tree-lined streets of restored 18th- and 19th-century homes with sweeping Elizabeth River views — one of the largest collections of pre-Revolutionary architecture in the country. Churchland, Cradock, and West Park View provide established family neighborhoods at price points well below comparable Norfolk or Virginia Beach properties. The city is home to Norfolk Naval Shipyard, one of the Navy's oldest and largest, ensuring consistent demand from civilian shipyard workers and active-duty Navy personnel.
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
$1,940/moPrincipal & interest
$1,790
Property tax
$50
Home insurance
$101
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# 10635179
Data provided by REIN MLS. Information deemed reliable but not guaranteed.
$345,000
107 Franklin AVE, PORTSMOUTH VA 23702
Portsmouth, Virginia 23702
Request InfoQuick Facts
Schedule a tour
In-person or videoClick a day to pick a time