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Portsmouth › HIGHLAND PARK › 107 Franklin Ave✓ Source: REIN MLS #10635179 · record updated Jun 26, 2026 · synced every 2 min · your inquiry is never resold
107 Franklin AVE, PORTSMOUTH VA 23702 - Main photo
$348,450
$243 / sqft · est. $1,959/mo →
3beds
2.1baths
1,435sqft
15days on market

107 Franklin Ave, Portsmouth, VA 23702

SoldResidential · 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 #10635179

VaHome team overview

Our read on this home

At a glance

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.

Read the full overview ↓

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.

More buyer 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.

Schools

Info provided by GreatSchools

Facts & features

The record, sourced

Type

Residential

Year built

2026

Price / sqft

$243

HOA

None

Taxes

$595/yr

County

Portsmouth VA

Waterfront

Yes

MLS #

10635179

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 · 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

Portsmouth real estate →

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

$1,959/mo

Principal & interest

$1,808

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

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

$161,500 – $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
16 Rex AVE · 1.2 mi · 1,335 sqft$161,500 sold 2026-07
169 Allard RD · 1.7 mi · 1,440 sqft$276,000 sold 2026-03

Sale & Tax History

List Price

$348,450

Price / Sq Ft

$243

Annual Taxes

$595

Monthly Tax

$50

HOA

None

Tax Rate (effective)

0.17%

Sale Timeline (this listing)

EventDatePriceDetail
ListedJun 11, 2026$348,450—
Price increasedJun 26, 2026$348,450+$3,450
SoldJun 25, 2026$348,450—

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

Real questions, answered from the record

Is 107 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 107 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 107 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 107 Franklin Ave?+
Highland Biltmore Park is about 0.2 miles away.
Where is the nearest grocery store to 107 Franklin Ave?+
Dollar General is about 0.3 miles away. The closest dining on record is 7-Eleven (0.2 mi).
Does 107 Franklin Ave have an HOA?+
No — there are no HOA, condo, or association dues on the listing record for this property.
When was 107 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 #10635179

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.

🏡 Similar homes for saleWhat's my home worth?

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

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

107 Franklin Ave, Portsmouth, Virginia 23702 · MLS #10635179 · 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.

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