2145 Old Murphy Rd
Franklin, NC, 28734 $ 1,100,000
Bedrooms4 Baths3.0 Monthly Estimate*
$ 6,773
for $1,100,000 with 4 bedrooms and 3 full baths. This home was built in 1940 on a lot size of 4.59.
Welcome to a rare investment opportunity in the Smoky Mountains! This property is back on the market at no fault to the owners and offers a unique combination of a fully renovated farmhouse with a thriving RV campground, creating unmatched flexibility, income potential, and endless possibilities. The main farmhouse has been thoughtfully updated, blending its historic charm with modern comforts. Just minutes from downtown Franklin, it’s perfectly positioned for use as a primary residence, long-term rental, or highly desirable short-term rental. The spacious garage provides great storage, with the option to purchase equipment—including a tractor with attachments, golf carts, and a zero-turn mower—to maintain the property. The Gem City RV Resort is a well-established, highly rated destination boasting a 4.7-star review average and impressive net income. The park currently features 20 rentable sites: 17 with full hookups (water, electric, and septic) and 3 with water and electric plus access to a septic dump spout. Guests benefit from a central bath house with showers, restrooms, and laundry facilities. Zoned C-2, the property supports both residential and commercial uses, with significant opportunity to expand—whether by adding RV sites, building entertainment areas, or new amenities. Two additional outbuildings add versatility and could be converted into dwellings, office space, a game room, or a campground store. For buyers seeking options, the seller is open to selling the farmhouse and RV park separately. With expansive acreage and easy highway access, the property is ideally suited for growth. It’s also the second closest RV park to downtown Franklin, giving it a competitive advantage that keeps visitors returning year after year. About Franklin, NC Franklin is a charming mountain town filled with adventure, culture, and small-town appeal. Visitors and residents enjoy local dining, breweries, boutique shopping, and lively festivals throughout the year. Outdoor enthusiasts love hiking the Appalachian Trail, discovering waterfalls, kayaking the Little Tennessee River, and exploring the region’s gem mines. The town is centrally located—just 2 hours to Asheville, NC and 2.5 hours to Atlanta, GA—making it an easily accessible destination for travelers. Whether you’re an investor seeking cash flow or a buyer dreaming of mountain living paired with a profitable business, this property offers an unparalleled opportunity in Western North Carolina.
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FeaturesGeneralView Mountain(s)
Heating Central
Cooling Central Air
Year Built 1940
Appliances Dryer Dishwasher Microwave Refrigerator Washer
Exterior Features Awning(s) Barbecue Dog Run Fire Pit Kennel Lighting RV Hookup Storage
Interior Features Bookcases Built-in Features Ceiling Fan(s) Instant Hot Water
Utilities Cable Available Electricity Connected Underground Utilities Water Connected
Roof Aluminum Shingle
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* Excluded FeaturesList ByJames St LaurentListing Agent
Keller Williams Great SmokiesBroker
james@mountainluxrealestate.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $6,773
- Monthly Property Taxes
- $219
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Franklin, NC
Average List Price $503,539
Percent of Sale Price 54%
About Franklin, NC 4,077 Population
8% Since 2002
$ 33,885 Median Income
40.83 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
0 Elementary School
0 Middle School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/21/2025 | $1,100,000 | -8.33% | Price Down |
| 9/16/2025 | $1,200,000 | -7.69% | Price Down |
| 8/17/2025 | $1,300,000 | | Listed Price |