
402 Mitchell AvenueFranklinton, NC 27525
Listed by Compass -- RaleighWelcome to 115 Allen Ave, a 3-bedroom, 1.5-bath brick ranch offering opportunity, flexibility, and room to build equity in a growing area of Franklinton. Whether you're an investor looking for your next value-add project or a family searching for a home they can make their own, this property is worth a look. The home has been utilized as a rental for the past seven years and offers plenty of potential for someone willing to put their personal touch on it. The property sits on two parcels, creating a larger-than-typical lot with the potential for future subdivision. For an investor, that could mean the possibility of building additional homes as the area continues to grow. With rents in the area reaching as high as $1,750, the property could also make an attractive addition to a rental portfolio. For a homeowner, this is an opportunity to purchase a solid brick ranch and transform it into a home that fits your vision and lifestyle. Bring your ideas, your contractor, and your imagination! The property is now vacant and available for easy showings. The home is currently equipped with a ramp and grab bars to accommodate mobility needs, providing additional flexibility for a variety of future uses. With new construction taking shape nearby and Franklinton continuing to grow, this could be your chance to get into the area while prices are still low. Priced to sell quickly, whether you're looking for your next investment, your next project, or a place to call home, don't miss this opportunity!
Property boundary from county GIS
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.
| Date | Event | Price | Change |
|---|---|---|---|
| Sep 18, 2026 | Price Reduced | $250,000 → $249,900 | ▾ $100 (0.0%) |
* Estimates only. Actual rates, payments, and terms vary. Consult a licensed mortgage professional.

Listed by Compass -- Raleigh
Listed by All Good Real Estate
Listed by Real Broker, LLC - Carolina Collective Realty
Listed by HomeTowne Realty
Listed by HomeTowne Realty
Listed by Mark Spain Real Estate
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