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PortsmouthHIGHLAND PARK109 Franklin Ave✓ Source: REIN MLS #10633909 · record updated Jun 13, 2026 · synced every 2 min · your inquiry is never resold
109 Franklin AVE, PORTSMOUTH VA 23702 - Main photo
$345,000
$240 / sqft · est. $1,940/mo →
3beds
2.1baths
1,435sqft
13days on market

109 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 #10633909

VaHome team overview

Our read on this home

At a glance

Meet 109 Franklin Ave — a brand-new 2026-built home in Portsmouth's Highland Park neighborhood. Three bedrooms, two and a half baths, and 1,435 square feet of fresh construction, all just four minutes from Norfolk Naval Shipyard. Compact, efficient, and ready for everyday life.

Read the full overview ↓

Why this home stands out

New construction in an established neighborhood is a rare combination, and 109 Franklin Ave delivers exactly that. Built in 2026, everything here is fresh — systems, finishes, and structure — without the wait or uncertainty of a build-to-order project. You get the character of Highland Park's mature streets with none of the maintenance surprises that come with older homes. For buyers who want something genuinely new close to the shipyard, this address is hard to beat.

HIGHLAND PARK and the Portsmouth real estate market

Highland Park sits in the southern end of Portsmouth, Virginia — one of the city's older residential pockets with a grid street layout and a mix of long-time homeowners and newer arrivals. The neighborhood has a grounded, unpretentious feel: real streets, real neighbors, and real proximity to the places that matter most in daily life. Portsmouth itself is one of the most underrated cities in Hampton Roads, offering direct access to Norfolk, Chesapeake, and the broader waterfront region without the congestion of larger corridors. While visitors often head north toward willoughby beach for coastal scenery, Highland Park residents tend to appreciate what's right here — walkable blocks, quick commutes, and a sense of community that newer developments often can't replicate. The Truxtun Historic District is just steps away, giving the area an architectural texture that adds to its appeal. Portsmouth's ongoing investment in its southern neighborhoods makes Highland Park a smart long-term address.

What's nearby

Day-to-day errands are genuinely easy from 109 Franklin Ave. A 7-Eleven is just 0.1 miles away for quick coffee and convenience runs, and New York Pizza & Deli and Hay Hing Chinese are both within 0.2 miles when you want a fast, satisfying meal. Highland Biltmore Park and the Truxtun Historic District are each about 0.2 miles out — great for a morning walk or an afternoon outside. Dollar General is 0.3 miles away for household basics, and Callaghan Gym and Fitness Center is under a mile for your workout routine. GreenwoodSniffSpot at 0.6 miles is a solid option if you have a dog.

For different buyers

For military families relocating

Norfolk Naval Shipyard is four minutes away, and USCG Base Portsmouth is five — it's genuinely hard to find a home this close to both installations. For active-duty families, that kind of commute changes daily life in a real way. A VA loan can make financing a new-construction home like this more accessible than many buyers expect, and your BAH in this zip code goes a long way toward covering a mortgage on a brand-new build.

For first-time buyers

If you've been watching older homes in Portsmouth and worrying about what repairs might be hiding behind the walls, 109 Franklin Ave removes that anxiety entirely. Built in 2026, every system and surface is new — no deferred maintenance, no aging HVAC, no guesswork. Three bedrooms and two and a half baths give you room to grow, and the price point for new construction this close to the shipyard is genuinely competitive for first-time buyers entering the Portsmouth market.

More buyer questions

How far is 109 Franklin Ave from Norfolk Naval Shipyard?

Norfolk Naval Shipyard is approximately 4 minutes by car from 109 Franklin Ave, making it one of the closest residential options to the base in the area. The short commute is one of the most practical advantages of this address.

How far is 109 Franklin Ave from USCG Base Portsmouth?

USCG Base Portsmouth is about 5 minutes away by car. Having two major installations within a 5-minute radius is uncommon and makes this address especially practical for Coast Guard and Navy households.

What is the Highland Park neighborhood like in Portsmouth?

Highland Park is an established residential neighborhood in southern Portsmouth with a traditional grid layout and a mix of housing styles. It has a community-oriented feel with nearby parks, local eateries, and the adjacent Truxtun Historic District adding architectural character to the area.

Is 109 Franklin Ave in a flood zone?

Flood zone information for this address is available in the FloodRisk tile on this page, which pulls current FEMA map data. It's worth reviewing before making any purchase decision in the Hampton Roads region.

What are the nearest parks to 109 Franklin Ave?

Highland Biltmore Park and the Truxtun Historic District are both about 0.2 miles from the address, and GreenwoodSniffSpot — a popular off-leash dog area — is 0.6 miles away. All three are easily walkable from the front door.

Curious about 109 Franklin Ave or other new construction in Portsmouth? Tom and Dariya Milan at LPT Realty know this market well — reach out and let's talk through what fits your situation.

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

$240

HOA

None

Taxes

$595/yr

County

Portsmouth VA

Waterfront

Yes

MLS #

10633909

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

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

Principal & 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.

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

$135,000$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.

3704 Deep Creek BLVD · 0.1 mi · 1,379 sqft$279,000 sold 2026-01
207 Fairview CIR N · 0.6 mi · 1,371 sqft$270,000 sold 2026-03
31 Decatur ST · 0.8 mi · 1,400 sqft$265,000 sold 2026-03

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)

EventDatePriceDetail
ListedMay 31, 2026$345,000
SoldJun 12, 2026$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:

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 109 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 109 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 109 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 109 Franklin Ave?+
Highland Biltmore Park is about 0.2 miles away.
Where is the nearest grocery store to 109 Franklin Ave?+
Dollar General is about 0.3 miles away. The closest dining on record is 7-Eleven (0.1 mi).
Does 109 Franklin Ave have an HOA?+
No — there are no HOA, condo, or association dues on the listing record for this property.
When was 109 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 #10633909

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.

109 Franklin Ave, Portsmouth, Virginia 23702 · MLS #10633909 · 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.