15 days on market
$345,000
107 Franklin Ave
Portsmouth, Virginia 23702
MLS# 10635179 · HIGHLAND PARK · Portsmouth VA
Updated May 30, 2026 · Source: REIN MLS
Est. payment
$1,940/mo
Edit below
Price / sq ft
$240
1,435 sq ft
Days on market
15
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
107 Franklin Ave is a brand-new 2026-built townhome-style residence in Portsmouth, Virginia, offering 3 bedrooms, 2.1 baths, and 1,435 square feet — just four minutes from Norfolk Naval Shipyard and steps from Highland Biltmore Park.
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Why this home stands out
New construction in 2026 means you're the first person to call this place home — no inherited quirks, no deferred maintenance, just fresh finishes and modern systems from day one. Add in a half-bath for guests, three full bedrooms, and a location that puts two major military installations within a five-minute drive, and 107 Franklin Ave stands out as a genuinely practical choice in a city that rewards proximity.
HIGHLAND PARK and the Portsmouth real estate market
107 Franklin Ave sits in Portsmouth, Virginia — one of Hampton Roads' most historically layered cities, positioned along the Southern Branch of the Elizabeth River directly across from Norfolk. Portsmouth carries a working-waterfront identity that's been part of its DNA since the 18th century, and the blocks around Franklin Ave reflect that character: modest, established streets with a tight-knit feel. The Truxtun Historic District is literally steps away, giving the immediate area a sense of place that newer suburbs simply can't manufacture. Portsmouth rewards people who appreciate real neighborhoods over manicured master-planned developments. Daily errands are easy, green space is close, and the broader city connects you quickly to the rest of Hampton Roads via I-264 and the Downtown Tunnel. Whether you're drawn here by Norfolk Naval Shipyard, USCG Base Portsmouth, or simply the value and authenticity that Portsmouth consistently delivers, Franklin Ave puts you right in the middle of it all.
What's nearby
Everyday convenience is within easy walking distance. New York Pizza & Deli and Hay Hing Chinese are both 0.2 miles away for quick weeknight dinners, and a 7-Eleven at the same distance handles coffee and late-night runs. When you want something a little more relaxed, Mariner's Reef Cafe is about a mile out. Highland Biltmore Park and the Truxtun Historic District are each 0.2 miles away — great for morning walks or weekend afternoons. Dog owners will appreciate GreenwoodSniffSpot at 0.6 miles. Callaghan Gym and Fitness Center is under a mile for regular workouts.
For different buyers
For military families relocating
Four minutes to Norfolk Naval Shipyard and five minutes to USCG Base Portsmouth makes 107 Franklin Ave one of the most commute-efficient addresses in Hampton Roads for active-duty households. A VA loan can make new construction like this especially accessible — and starting fresh in a 2026-built home means no repair surprises during a busy duty station transition.
For first-time buyers
Buying your first home is a big step, and 107 Franklin Ave removes a lot of the uncertainty. Built in 2026, everything is new — systems, finishes, structure — so you're not inheriting someone else's deferred maintenance list. Three bedrooms and 1,435 square feet give you real room to grow, and the location in Portsmouth keeps you close to jobs, parks, and daily conveniences without overextending.
Frequently asked questions
How far is 107 Franklin Ave from Norfolk Naval Shipyard?
107 Franklin Ave is approximately a 4-minute drive from Norfolk Naval Shipyard, making it one of the closest residential options to the base in the Portsmouth area.
What year was 107 Franklin Ave built?
107 Franklin Ave was built in 2026, making it brand-new construction — the first occupant will be moving into a home with fresh systems, materials, and finishes throughout.
Is 107 Franklin Ave in a flood zone?
Flood zone information for 107 Franklin Ave is displayed in the FloodRisk tile on this page, which pulls current FEMA map data for the property's specific parcel.
What parks are near 107 Franklin Ave?
Highland Biltmore Park and the Truxtun Historic District are both about 0.2 miles from the front door, and GreenwoodSniffSpot — a popular off-leash dog area — is 0.6 miles away.
Does 107 Franklin Ave have a homeowners association?
HOA status for 107 Franklin Ave should be confirmed through current listing documentation or directly with the listing agent, as new construction communities sometimes establish HOAs after initial sales begin.
Want to see 107 Franklin Ave in person? Tom and Dariya Milan at LPT Realty know Portsmouth well — reach out to schedule a walkthrough or ask questions about the neighborhood.
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
$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 15, 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
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
$1,940/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
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