308 Everbright Ave, Franklin, TN 37064

• 5 beds |
• 5 baths |
• 4,754 sqft

Property Description

Rare Downtown Franklin Compound | Two-Home Estate | Multigenerational Living & Income Potential This is one of downtown Franklin's most exceptional compound properties — a true two-home estate offering flexibility, privacy, and income potential that cannot be replicated elsewhere in the city. Situated on a historic street just a short stroll from Five Points, this multigenerational compound sits on an oversized double lot and is zoned for the highly sought-after Franklin Special School District. The European-inspired main residence features white oak flooring, Taj Mahal quartzite and soapstone surfaces, designer lighting, custom tile, and abundant natural light throughout. The thoughtfully designed floor plan offers 5 bedrooms, 4.5 bathrooms, two full kitchens, three living areas, a cozy den, two laundry rooms, and additional flex space ideal for a home gym or studio. A vaulted upper-level deck overlooks organic gardens and professionally designed landscaping — a sanctuary in the heart of downtown Franklin. The detached 1,314 sq. ft. carriage house, completed in 2023 and not included in the listed square footage or price-per-square calculation, offers 2 bedrooms, 2 full bathrooms, and a loft. It is perfectly suited for multigenerational living, private guest quarters, or short-term and long-term rental income, all while matching the quality and character of the main residence. Unique zoning allows the owner to short-term rent either home while occupying the other — an advantage virtually unheard of this close to downtown Franklin. Both homes carry established rental histories, offering immediate income potential and long-term value. Properties combining this location, compound versatility, architectural integrity, and financial flexibility are extraordinarily rare in the Franklin market and seldom become available twice.

Listing Status:

Active

Date Added:

February 5, 2026

Data Last Updated:

May 9, 2026 at 6:19PM

Listing Office:

Compass RE : 6153006704

Listing Agent:

Sam Miller : 6153006704

MLS ID:

3122469

Interior

• General: Built-in FeaturesCeiling Fan(s)Extra ClosetsHigh CeilingsPantryWalk-In Closet(s)High Speed Internet
• Appliances: Double OvenBuilt-In Gas RangeDishwasherDisposalMicrowaveRefrigerator
• Basement: Finished
• Flooring: CarpetWoodTile
• A/C: Central AirElectric
• Heating: CentralNatural Gas
• Fireplace: GasFireplaceFireplaces: 1

Exterior

• Other Structures: DeckPatioCovered
• Parking: Parking spaces: 0

Construction

• General: Two

Location

• Originating MLS: realtrac
• County: Williamson CountyTN

Lot

• Topography: Level
• Zoning: 094078J B 04100 00009078J

Utilities

• Utilities: Electricity AvailableNatural Gas AvailableWater Available
• Water: Public
• Sewer: Public Sewer

Financial

• Source: realtrac