1 days on market
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$299,900
506 Walnut St
Franklin, Virginia 23851
MLS# 10635520 · ALL OTHERS AREA 67 · Franklin VA
Updated 14 hours ago · Source: REIN MLS
Est. payment
$1,778/mo
Edit below
Price / sq ft
$150
2,000 sq ft
Days on market
1
New listing
HOA
None
Year built
1947
79 yrs old
Beds
4
Full Baths
2
Half Baths
1
Sq Ft
2,000
Garage
Yes
Schools
- ElementaryS.P. Morton Elementary—
- MiddleJoseph P. King Jr. Middle—
- HighFranklin—
Info provided by GreatSchools
About this home
Welcome home to this 4-bedroom 2.5 bath stunning estate where ultimate comfort meets eleglance. This beautiful remodeled home has a new roof, new kitchen & stainless-steel appliances, new hot water heater, new fixtures, updated bathrooms, fresh paint throughout & much more. This home boasts a coveted downstairs primary bedroom with en-suite, walk-in closet, & convenient proximity to the main living areas with seconda…
Listed by Latoya Adkins · Summit Realty Group LLC
VaHome Team property overview
506 Walnut Street is a four-bedroom, two-and-a-half-bath home built in 1947 on a compact Franklin, Virginia lot. With nearly 2,000 square feet of living space, a walkable location, and quick access to the Blackwater River corridor, it offers a lot of everyday convenience in a small-city setting.
Read full property overview ↓Show less ↑
Why this home stands out
What sets 506 Walnut Street apart is the combination of mid-century bones and a genuinely walkable Franklin address. Restaurants, coffee, a grocery option, and riverfront green space are all within half a mile. For a four-bedroom home in a small Virginia city, that kind of daily-errand accessibility is harder to find than most buyers expect — and it makes a real difference in how you actually live here.
ALL OTHERS AREA 67 and the Franklin real estate market
Franklin, Virginia sits in Southampton County in the western corner of Hampton Roads, straddling the Blackwater River and carrying the kind of unhurried, small-city character that's increasingly rare in the region. The streets around Walnut Street reflect the city's older residential core — modest lots, mature trees, and homes that date back to the mid-twentieth century when Franklin was a thriving paper-mill town. Neighbors tend to know each other, and the pace of daily life feels deliberate rather than rushed. Franklin is a self-contained city with its own parks, recreation programs, and a growing riverfront identity anchored by the City of Franklin River Walk Park. While buyers searching for houses for sale 23322 are typically focused on the Virginia Beach zip code, Franklin's 23851 offers a genuinely different lifestyle — one centered on community scale and river access rather than coastal density. Downtown Franklin is compact and walkable from Walnut Street, and the surrounding Southampton County countryside is just minutes away when you want open space.
What's nearby
Daily life is easy from 506 Walnut Street. Barrett's Landing Park and the Franklin Recreation Department are both about four-tenths of a mile away, giving you green space and organized recreation almost at your doorstep. The City of Franklin River Walk Park Kayak Launch is just 0.7 miles out — a genuine perk if you paddle. For coffee, StoreHouse Coffee is a half-mile walk, and The Lighthouse Project is just slightly farther at 0.7 miles. Fred's Restaurant, Serve, and Hardee's all sit within half a mile for quick meals. Los Cerezos Latino Store covers grocery runs at 0.6 miles, and TaylorMade Fitness VA is under a mile for workouts.
For different buyers
For military families relocating
Joint Staff J7 Suffolk is roughly 38 minutes from 506 Walnut Street — a manageable commute that puts you well outside the congestion closer to the base. Franklin's lower cost of living means a VA loan can stretch further here, and BAH for the Suffolk area typically aligns well with what Franklin homes require. It's a trade-off worth running the numbers on.
For families upgrading
Four bedrooms and more than 1,950 square feet give a growing family real room to spread out, and the 1947 construction means the home has the kind of solid, established feel that newer builds often lack. Barrett's Landing Park and the Franklin Recreation Department are both under half a mile away — practical assets when kids need outdoor space on a weekday afternoon.
Frequently asked questions
How far is 506 Walnut Street from Joint Staff J7 Suffolk?
The drive from 506 Walnut Street to Joint Staff J7 Suffolk is approximately 38 minutes under normal traffic conditions, heading northeast via Route 58.
What is the lot size and property type at 506 Walnut Street?
506 Walnut Street is a single-family residential property on a 0.172-acre lot, offering a manageable yard without the upkeep demands of larger acreage.
Is 506 Walnut Street in a flood zone?
Franklin has areas of varying flood risk given its proximity to the Blackwater River — check the dedicated FloodRisk tile on this page for the specific flood zone designation for 506 Walnut Street.
Where are the nearest parks to 506 Walnut Street?
Barrett's Landing Park and the Franklin Recreation Department are both approximately 0.4 miles from the property, and the City of Franklin River Walk Park Kayak Launch is about 0.7 miles away.
What is the square footage and year built for 506 Walnut Street?
The home offers 1,958 square feet of living space and was originally built in 1947, placing it in Franklin's established mid-century residential stock.
Want to know more about 506 Walnut Street or Franklin's market? Tom and Dariya Milan at LPT Realty are ready to walk you through every detail — reach out anytime.
Summary generated by AI from public records and publicly available information.
Location & Neighborhood
Location & Street View
506 Walnut ST, Franklin
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
4
Full Baths
2
Half Baths
1
Approx Sq Ft
2,000
Stories
2
Fireplaces
0
Flooring
Other, Wood
Heating
Cooling
Laundry
Interior Features
N/A
Appliances
Dishwasher, Dryer Hookup, Microwave, Range, Refrigerator, Washer Hookup
Sale & Tax History
List Price
$299,900
Price / Sq Ft
$150
Annual Taxes
$1,608
Monthly Tax
$134
HOA
None
Tax Rate (effective)
0.54%
Sale Timeline (this listing)
| Event | Date | Price | Detail |
|---|---|---|---|
| Listed | May 19, 2026 | $299,900 | — |
| Currently listed | — | $299,900 | — |
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
$1,778/moPrincipal & interest
$1,556
Property tax
$134
Home insurance
$87
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 Summit Realty Group LLC · MLS# 10635520
Data provided by REIN MLS. Information deemed reliable but not guaranteed.
$299,900
506 Walnut ST, FRANKLIN VA 23851
Franklin, Virginia 23851
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