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Active
$895,000 Est. $6,167/mo — Get pre-qualified
0beds -baths 5,500sq ft 2acres

423 Iotla Street · Franklin, NC 28734

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Commercial opportunity awaits in downtown Franklin, NC! One of the last remaining large parcels within walking distance to downtown, this 2.41-acre gentle property is in a prime location for development. CITY water, sewer and Toccoa natural gas are available and the parcel is off a state-maintained road. Currently zoned R-1, there are multiple options for multi-family & single-family homesites. Picture 14 townhomes with a courtyard & dog park; 7 duplex homes with single-level living to attract senior residents; 4 to 10 single family homes (or lots); or a magnificent in-town estate nestled with privacy between the old oak trees. Rezoning for other opportunities is also possible. Owned by Dr. J.H. Fouts in the 1890's, this historic two-family home (with full apartment below) could be an absolute showplace! Stunning large rooms with soaring 11-foot ceilings, historic woodworking details, heart of pine flooring, terrarium sunroom, clawfoot tub and simply timeless charm. A beautiful 2-car carport is nearby. The 1,100 square foot workshop could be renovated into another home, storefront, or massive workshop/storage space. An open canvas of possibilities awaits on Iotla Street!

Features & Amenities

Living Area5,500 Sq.Ft.
HeatingOther-See Remarks
FireplaceNo
Virtual TourOpen Virtual Tour
StyleRetail,Multi-Family
Year Built1890
ConstructionOther
RoofShingle
ParkingOff Street, Other-See Remarks
StatusActive
Lot Size2 Acres
CountyMACON
Last UpdatedOct 9, 2026
UtilitiesElectricity Available, Natural Gas Available, Water Available, Sewer Available
HOANo
ElementaryEast Franklin Elementary School
MiddleMacon Middle
HighFranklin High School
Presented By: Realty One Group Vibe; evanharrellsales@gmail.com

Location

Property boundary from county GIS

Neighborhood Snapshot

U.S. Census Bureau, ACS 5-year estimates

Neighborhood data describes this home's U.S. Census tract and is provided for information only. Statistics describe an area, not any individual property or its residents.

Pricing History

DateEventPriceChange
Oct 9, 2026 Price Reduced $975,000 → $895,000 ▾ $80,000 (8.2%)

Monthly Cost Estimate

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* Estimates only. Actual rates, payments, and terms vary. Consult a licensed mortgage professional.

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Last Updated: Oct 9, 2026