Franklin, TN 37064 308 Everbright Ave

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.