Beautiful ranch home in great locations with 2- 1 beds in basement! Hardwood floors throughout main living area of main home! Three bedrooms w/ 2 baths, large family room, sunroom & eat in kitchen. Great space that last rented for $1295/month. Unit B just needs some cleaning up & would rent between $600-$700/month depending on how you upgraded it. Unit C has been gutted and has no HVAC. Want a big change do a major reno and completely change into 2- 3 beds or 1 big house! Sold as-is. Showings start 8/28.
Multi-familyProperty Type
1950Year Built
Listed by Pam Madigan• Oak City Properties
Bought with Ashkan Hosseini• Raleigh Cary Realty Inc.
Beautiful ranch home in great locations with 2- 1 beds in basement! Hardwood floors throughout main living area of main home! Three bedrooms w/ 2 baths, large family room, sunroom & eat in kitchen. Great space that last rented for $1295/month. Unit B just needs some cleaning up & would rent between $600-$700/month depending on how you upgraded it. Unit C has been gutted and has no HVAC. Want a big change do a major reno and completely change into 2- 3 beds or 1 big house! Sold as-is. Showings start 8/28.
Public Records
Jul 12, 2018
Sold
$300,000
TMLS #2189404
Jul 12, 2018
Sold
$292,000
Jun 22, 2018
Pending
—
Jun 15, 2018
Price Changed
$315,000
Jun 15, 2018
Relisted
—
Jun 11, 2018
Listing Removed
—
May 4, 2018
Listed
$355,000
May 4, 2018
Listed
$315,000
Investment/income producing opportunity, sold AS IS. Converted single family 1950's rancher. Main floor is 3 bed/2 bath with fireplace, sunroom, laundry; downstairs walk-out basement converted (years ago) to two 1-bedroom/1 bath apartments. Off-street parking. Large, corner lot. Close to NC State, downtown and highway access. R-6 zoning (future R-10). No signage on property. Do not disturb tenants. Listing Agent to accompany all showings.
TMLS #994707
May 14, 2008
Listing Removed
—
Apr 4, 2008
Listed
$260,000
TMLS #975446
May 14, 2008
Listing Removed
—
Jan 5, 2008
Listed
$260,000
Public Records
Feb 10, 1983
Sold
$48,000
Year
Property tax
Land + Additions
Assessment*
2025
$3,403 (+0.4%)
$156,600 + $226,720
$383,320
2024
$3,389 (+8.9%)
$156,600 + $226,720
$383,320
2023
$3,113 (+7.5%)
$156,600 + $226,720
$383,320
2022
$2,896 (+4.0%)
$108,000 + $172,076
$280,076
2021
$2,785 (+1.8%)
$108,000 + $172,076
$280,076
2020
$2,735 (+23.4%)
$108,000 + $172,076
$280,076
2019
$2,216 (+5.9%)
$108,000 + $172,076
$280,076
2018
$2,093 (+4.9%)
$71,400 + $114,647
$186,047
2017
$1,995 (+2.1%)
$71,400 + $114,647
$186,047
2016
$1,955 (−1.7%)
$71,400 + $114,647
$186,047
2015
$1,989 (+5.3%)
$71,400 + $114,647
$186,047
2014
$1,889 (+6.9%)
$74,400 + $111,925
$186,325
2013
$1,768
$74,400 + $111,925
$186,325
2012
$1,768 (+1.0%)
$74,400 + $111,925
$186,325
2011
$1,751
$74,400 + $111,925
$186,325
Tax history for 203 Jones Franklin Rd
Year
Property tax
Land + Additions
Assessment*
2025
$3,403 (+0.4%)
$156,600 + $226,720
$383,320
2024
$3,389 (+8.9%)
$156,600 + $226,720
$383,320
2023
$3,113 (+7.5%)
$156,600 + $226,720
$383,320
2022
$2,896 (+4.0%)
$108,000 + $172,076
$280,076
2021
$2,785 (+1.8%)
$108,000 + $172,076
$280,076
2020
$2,735 (+23.4%)
$108,000 + $172,076
$280,076
2019
$2,216 (+5.9%)
$108,000 + $172,076
$280,076
2018
$2,093 (+4.9%)
$71,400 + $114,647
$186,047
2017
$1,995 (+2.1%)
$71,400 + $114,647
$186,047
2016
$1,955 (−1.7%)
$71,400 + $114,647
$186,047
2015
$1,989 (+5.3%)
$71,400 + $114,647
$186,047
2014
$1,889 (+6.9%)
$74,400 + $111,925
$186,325
2013
$1,768
$74,400 + $111,925
$186,325
2012
$1,768 (+1.0%)
$74,400 + $111,925
$186,325
2011
$1,751
$74,400 + $111,925
$186,325
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
3
Stories
1
Lot width
—
Lot depth
—
Lot size
0.68 Acres
Year renovated
1980
Sq. Ft.
2,802
Year built
1950
Style
Multi-Family (2-4 Unit)
County
Wake County
APN
0783.06 29 8116 000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 30, 2026.
R-6
SRPOD
Residential-6 District
R-6 allows single-unit living in a detached house, or tiny house and two-unit living in an attached house or townhouse or tiny house with a minimum lot size of 6,000 sq ft. Multi-unit living is also allowed in a townhouse.; Smaller minimum lot sizes are permitted as part of a compact development.; Additional building types, and smaller lot sizes as part of a conservation development or cottage court are allowed in exchange for preserving common open space.; Dimensional standards, maximum density, allowed building types, and allowed uses may be modified for the R-6 district within the TOD overlay or Frequent Transit Areas identified in the City’s Comprehensive Plan to enable transit oriented development.
Zone overlays
Special Residential Parking Overlay District
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Infrastructure
Public service-Other
Recreation-Other
Park & open space
Property details
Parking
Parking Information
Parking Features: Off Street
Interior
Interior Features
Fireplace: Yes
Flooring: Carpet, Hardwood, Tile, Vinyl
Multi-Family Financial Information
Number Of Units Total: 3
Owner Pays: None
Exterior
Building Information
Construction Materials: Brick
Building Area Total: 0.0
Lot Information
Lot Size Acres: 0.0
Lot Size Area: 0.0
Lot Size Square Feet: 0.0
Financial
Tax Information
Tax Annual Amount: 2735.0
Financial Information
Buyer Financing: Cash
Utilities
Utility Information
Sewer: Public Sewer
Water Source: Public
Heating & Cooling
Heating: Yes
Heating Information: Natural Gas
Cooling: Yes
Cooling Information: Central Air
Location
School Information
Elementary School: Wake - Farmington Woods
Middle Or Junior School: Wake - Martin
High School: Wake - Athens Dr
Location Information
County Or Parish: Wake
Directions: I-440 to Jones Franklin Road Exit (1C); head north on Jones Franklin Road 0.6miles, property onright. Or, from Western Blvd., turn south on Jones FranklinRoad, property is on left.
Latitude: 35.780654
Longitude: -78.720771
Postal Code: 27606
Public facts
Beds: —
Baths: 3.0
Sq. Ft.: 2,802
Stories: 1.0
Lot Size: 0.68 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1950
Year Renovated: 1980
County: Wake County
APN: 0783.06 29 8116 000
Home facts updated by county records on Oct 30, 2026
Other
Listing Date Information
Contract Status Change Date: 2020-10-02
Documents Change Timestamp: 2023-11-28T22:57:56Z
Photos Change Timestamp: 2023-11-28T23:02:52Z
Price Change Timestamp: 2020-10-02T23:54:10Z
Listing Price Information
Previous List Price: 329900.0
Around this home
Schools
K - 12
Preschool & daycare
Farmington Woods Elementary
Public PreK-5 • Assigned • 3.4mi
8/10
Martin Middle
Public 6-8 • Assigned • 2.9mi
7/10
Athens Drive High
Public 9-12 • Assigned • 1.0mi
8/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 104° expected this year, 17 days in 30 years
6/10 Wind Factor
58% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Raleigh, NC • 27606
Average low and high temperatures (°F)
49
31
55
37
70
47
77
56
79
61
90
70
92
74
83
69
81
64
70
53
66
47
54
36
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.9 hours in
June and 5.1 hours in December, which is comparable to the
U.S. average for solar exposure.
8.9 hrs
5.1 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$501,000 – $607,000
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