11 days on market
$345,000
109 Franklin Ave
Portsmouth, Virginia 23702
MLS# 10633909 · HIGHLAND PARK · Portsmouth VA
Updated 3 days ago · Source: REIN MLS
Est. payment
$1,940/mo
Edit below
Price / sq ft
$240
1,435 sq ft
Days on market
11
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 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 full property overview ↓Show less ↑
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.
Frequently asked 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.
Location & Neighborhood
Location & Street View
109 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 8, 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# 10633909
Data provided by REIN MLS. Information deemed reliable but not guaranteed.
$345,000
109 Franklin AVE, PORTSMOUTH VA 23702
Portsmouth, Virginia 23702
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