4136 Rose Creek Road
About This Property
This is land built for a legacy retreat, an equestrian estate, or a small conservation minded community, with paved road access and just minutes to downtown Franklin. Asheville and Atlanta are both an easy drive, close enough for regular trips, far enough that this still feels like a retreat. It's the rare tract with room to build a lasting homeplace, with space to expand over time.
Fifteen acres of open, manicured pasture roll out below the tree line, ready for horses, hay, or development with a view in every direction. Another twenty five acres of former pastureland have grown into young forest, layered with color and texture, while established woodlands climb the ridges with trails already cut through them for hiking and wildlife watching.
The Little Tennessee River runs along the edge of the property, protected by a conservation easement that still allows grazing, crops, hiking trails, a canoe or kayak launch, and even a covered picnic gazebo, so the working, recreational character of the land stays fully intact for whoever owns it next. A separate state backed easement protects several streams on the property, where active restoration work is already underway, adding lasting ecological value at no cost to the owner.
Few properties offer this much frontage, this much usable ground, and this level of protection all in one place. It's a rare foundation for whatever comes next, whether that's a homeplace, a working farm, or land held simply for the sake of holding it.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 1, 2026 | No longer available | - | |
| No longer available | |||
| Mar 17, 2026 | Price Decreased |
$979,000
↓ $20K
(2%) | |
| Price Decreased | |||
| Sep 12, 2025 | Price Decreased |
$999,000
↓ $100K
(9.1%) | |
| Price Decreased | |||
| May 6, 2025 | Listed by National Land Realty | $1,099,000 | |
| Listed by National Land Realty | |||
| Apr 26, 2025 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017