32 days on market
$329,000
506 Lee St
Franklin, Virginia 23851
MLS# 10630338 · ALL OTHERS AREA 67 · Franklin VA
Updated May 19, 2026 · Source: REIN MLS
Est. payment
$1,985/mo
Edit below
Price / sq ft
$146
2,256 sq ft
Days on market
32
HOA
None
Year built
1920
106 yrs old
Beds
4
Full Baths
3
Half Baths
0
Sq Ft
2,256
Garage
Yes
Schools
- ElementaryS.P. Morton Elementary—
- MiddleJoseph P. King Jr. Middle—
- HighFranklin—
Info provided by GreatSchools
About this home
Beautifully maintained home in the heart of Franklin, situated on a spacious corner lot with endless possibilities. This property offers abundant parking and ample room to build an additional structure, making it ideal for future expansion or customization. The expansive outdoor space is perfect for entertaining, gatherings, or simply enjoying the outdoors. A detached garage provides excellent storage and workshop po…
Listed by Krystle Tomlin · AtCoastal Realty
VaHome Team property overview
506 Lee Street is a four-bedroom, three-bath home in Franklin, Virginia, offering 2,256 square feet of living space in a century-old residence with real architectural character. It sits within easy reach of downtown Franklin's riverfront, local dining, and everyday conveniences.
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Why this home stands out
Built in 1920, this home carries more than a hundred years of craftsmanship and detail that newer construction simply can't replicate. With four bedrooms, three full baths, and over 2,200 square feet, there's genuine room to spread out — and the bones of a historic property give you a foundation that's been standing strong for generations. That combination of scale and character is rare in Franklin's housing stock.
ALL OTHERS AREA 67 and the Franklin real estate market
Franklin, Virginia is a small independent city tucked along the Blackwater River in the southeastern corner of the state, and 506 Lee Street sits right in the heart of it. The surrounding area has the feel of an established residential neighborhood — tree-lined streets, older homes with distinct personalities, and neighbors who've been around long enough to actually know each other. Franklin itself is a tight-knit community where the pace is unhurried but the amenities are genuinely useful. The city's riverfront has seen real investment in recent years, with Barrett's Landing and the River Walk corridor giving residents a scenic place to walk, paddle, or simply unwind. Downtown Franklin is walkable from Lee Street, putting local restaurants, shops, and services within easy reach. The city sits in Southampton County, though Franklin operates as an independent jurisdiction. For anyone drawn to 506 Lee Street Franklin Virginia 23851 and the idea of owning a piece of a real American small city rather than a sprawling suburb, this address delivers exactly that kind of grounded, community-oriented lifestyle.
What's nearby
Daily life is easy from 506 Lee Street. TaylorMade Fitness VA is just 0.3 miles away for your morning workout, and Wydia's Seafood and Steakhouse is a short 0.4-mile walk for dinner. StoreHouse Coffee and The Lighthouse Project are both within half a mile when you need a good cup and a place to settle in. Grab groceries at Los Cerezos Latino Store, also half a mile out, or swing by Dollar General for quick essentials. Fred's Restaurant and Serve round out the nearby dining options. Barrett's Landing Park and the City of Franklin River Walk Park Kayak Launch are both under a mile away — perfect for weekend mornings on the water.
For different buyers
For military families relocating
Joint Staff J7 in Suffolk is roughly 39 minutes from 506 Lee Street — a manageable commute that puts you in a much more affordable market than the Virginia Beach or Norfolk corridors. A VA loan can make a historic four-bedroom home like this one genuinely accessible, and Franklin's lower cost of living means your housing dollar goes noticeably further here.
For buyers drawn to character
If you've been scrolling past cookie-cutter floor plans waiting for something with actual history, 506 Lee Street is worth a serious look. A 1920 build means original-era architectural details, proportions you won't find in modern construction, and a home that has genuine presence on the street. Four bedrooms and three baths give you the practicality you need without sacrificing the character you want.
Frequently asked questions
How far is 506 Lee Street from Joint Staff J7 Suffolk?
The drive from 506 Lee Street to Joint Staff J7 in Suffolk is approximately 39 minutes under normal traffic conditions, heading northeast on Route 58.
What is the flood zone status for 506 Lee Street in Franklin, VA?
Flood zone information for this address is displayed in the FloodRisk tile on this page, which pulls current FEMA map data for the property.
Is there a homeowners association at 506 Lee Street?
506 Lee Street is not part of a homeowners association, so there are no HOA rules or dues attached to this property.
What is the square footage and layout of 506 Lee Street?
The home offers 2,256 square feet of living space across four bedrooms and three full baths, built in 1920 as a single-family residence.
Where are the closest parks and outdoor spaces to 506 Lee Street?
Barrett's Landing Park and the City of Franklin River Walk Park Kayak Launch are both about 0.7 miles away, offering riverfront walking paths and direct water access for kayaking and paddling.
Want to see 506 Lee Street in person? Tom and Dariya Milan at LPT Realty know Franklin well — reach out and they'll set up a walkthrough at your convenience.
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
4
Full Baths
3
Half Baths
0
Approx Sq Ft
2,256
Stories
2
Fireplaces
0
Flooring
Carpet, Laminate/LVP, Vinyl, Wood
Heating
Cooling
Laundry
Interior Features
N/A
Appliances
Dishwasher, Dryer Hookup, Elec Range, Refrigerator, Washer Hookup
Sale & Tax History
List Price
$329,000
Price / Sq Ft
$146
Annual Taxes
$2,185
Monthly Tax
$182
HOA
None
Tax Rate (effective)
0.66%
Sale Timeline (this listing)
| Event | Date | Price | Detail |
|---|---|---|---|
| Listed | Apr 17, 2026 | $329,000 | — |
| Currently listed | — | $329,000 | — |
Public-Records Assessment
Source: Franklin via Hampton Roads Regional Parcels. Fetched May 11, 2026.
Total Assessed
$200,700
Land
$28,000
Improvement
$172,700
Parcel ID: 106-48-8-69 · View on city GIS portal
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.
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
$1,985/moPrincipal & interest
$1,707
Property tax
$182
Home insurance
$96
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 AtCoastal Realty · MLS# 10630338
Data provided by REIN MLS. Information deemed reliable but not guaranteed.
$329,000
506 Lee ST, FRANKLIN VA 23851
Franklin, Virginia 23851
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