405 Granbury St, Franklin, TN 37064
405 Granbury St, Franklin, TN 37064, Active at $3,200,000 ($889/sq ft). Multi Family · 3,600 sqft · $889/sqft.
405 Granbury St, Franklin, TN 37064, Active at $3,200,000 ($889/sq ft). Multi Family · 3,600 sqft · $889/sqft.
Active · $3,200,000
MLS #3544494 · listed September 5, 2026 · 58 days on market · updated September 8, 2026
Multi Family at 405 Granbury St in Downtown Frankin, Franklin, 3,600 sqft, $3,200,000 ($889/sqft), by Cobalt Premier Properties.
This is a multi-family or commercial listing, unit mix and income details vary; ask Grant Hammond for the rent roll and operating figures where applicable.
More context: Nashville market analysis and research.
PROPERTY OVERVIEW An exceptional, rarely available multi-family portfolio is now on the market in the highly coveted Historic Downtown Franklin District. This premier offering features four distinct duplexes (eight units total), presenting an incredible opportunity for savvy investors, equity funds, developers, or multi-generational buyers to secure premium real estate in one of the nation's most robust rental and resale markets. Current units rent quickly at around $1,200/month and have delivered a strong, stable history of high occupancy and consistent rental growth. Situated just blocks from award-winning Main Street, residents enjoy seamless access to Franklin's world-class boutique shopping, chef-driven dining, historic architecture, and vibrant community festivals, with a quick commute via I-65 to the Cool Springs commercial corridor, Brentwood, and downtown Nashville. THREE PATHS TO VALUE The property is grandfathered for its current 8-unit multifamily use, but sits on land zoned R6, giving a buyer a rare choice of strategies, each independently viable: 1. Hold and Optimize, Stabilized Income "¢ Continue as an 8-unit rental portfolio with a proven occupancy and rent-growth history 2. Redevelop, 8 Luxury Condominiums "¢ Architectural design work already underway (~$60,000 invested), with a 1.5-story concept in hand "¢ City of Franklin has engaged constructively on new designs "¢ Downtown Franklin condo demand is validated at the high end: Multiple high end condo projects are going to market at over $1000/sft 3. Subdivide, 4 Single-Family R6 Lots "¢ Underlying R6 zoning supports a clean subdivision into four individual single-family homesites The property is a brief walk (or short golf-cart ride) from boutique cafes, public parks, and live music venues in one of the nation's most robust and supply-constrained historic rental and resale markets. This is a foundational real estate asset in a location that cannot be replicated.
Listing remarks via the Realtracs Internet Data Exchange.
Complete reported fields for 405 Granbury St (reference).
| Date | Event | Price | Change |
|---|---|---|---|
| Listed | $3,200,000 | ||
| Deed recorded | $670,000 |
Listed September 5, 2026, this listing has been on the market 58 days as of November 2, 2026. The asking price has not changed since it was listed.
County assessment from Williamson County public records; listing-cycle history tracked by the GH Market Engine.
Estimated monthly ownership for 405 Granbury St at $3,200,000: principal & interest, property tax, insurance. Estimate only; not a loan offer.
| List price | $3,200,000 |
|---|---|
| Property tax basis | Assessed value × 25% (TN residential ratio) × the Williamson County rate |
The evidence behind that pricing read:
405 Granbury St sits in Downtown Frankin, Franklin, Williamson County.
Approximately 18 miles from downtown Nashville (straight-line distance).
Get the full details, recent comparable sales, and any off-market options for 405 Granbury St - plus tour times if you want them. Grant Hammond, Compass RE, replies personally, usually the same day.
Comparable listings near 405 Granbury St, by price and size.
Listed by Gary Loebsack, Cobalt Premier Properties. Properties marked with the MTRMLS logo are provided courtesy of the Realtracs Internet Data Exchange Program. Information believed accurate but not guaranteed. IDX by Diverse Solutions.
What Franklin, TN homes cost per square foot in each Williamson County Schools zone: median price and $/sq ft for all seven high-school zones.
Franklin TN home prices over the trailing six months: 978 closings, a $949,995 median, and the new-construction supply that keeps Williamson County near double the Davidson County median. A broker's data read, with live market stats, current MLS listings, and how Franklin compares to Brentwood.
September 2026 Middle Tennessee real estate data shows active inventory up 8% year over year to 14,249 homes, months of supply at 5.41, and the average sale price up 5% to $631,993 while the median rose 2% to $444,169. Preliminary closings and listing counts will revise; this post updates October 9. Analysis covers Davidson, Williamson, Rutherford, Wilson, and Maury Counties.
August 2026 Middle Tennessee real estate data shows active inventory up 10% year over year to 14,294 homes, months of supply at 5.59, and the average sale price up 3% to $637,141 while the median held flat at $450,000. Preliminary closings and listing counts will revise; this post updates September 9. Analysis covers Davidson, Williamson, Rutherford, Wilson, and Maury Counties.
As of the latest update (September 8, 2026), 405 Granbury St, Franklin is active, per Realtracs. Contact Grant Hammond, Compass RE, for current availability.
405 Granbury St was listed on September 5, 2026 and has been on the market 58 days as of November 2, 2026, per Realtracs.
No. The asking price has been $3,200,000 since it was listed on September 5, 2026.
405 Granbury St, Franklin is listed at $3,200,000, about $889 per square foot across 3,600 sqft.
Multi Family. Unit mix, rent roll, and income details vary, ask Grant Hammond for the operating figures where applicable.
405 Granbury St, Franklin is in the Downtown Frankin area of Franklin.
No association dues are reported for this listing.
Ask for a showing, the rent roll, or operating figures through the form on this page, or call or text Grant Hammond, Compass RE, at (615) 945-7123. Broker fees are not set by law and are fully negotiable.
Grant Hammond, Compass RE (TN Broker), with 25+ years and $1B+ in Middle Tennessee sales and hundreds of millions in luxury closings. Use the tour or question form on this page.
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