Your historic estate awaits in downtown Franklin, NC! Built by Dr. J.H. Fouts in the 1890's, this historic two-family home (w/full apartment below) could be an absolute showplace. Stunning large rooms with soaring 11-foot ceilings, historic woodworking details, heart of pine flooring, terrarium sunroom, clawfoot tub & simply timeless charm. The main level boast a living room, family room, 2 large bedrooms + nursery, formal dining room & kitchen. Downstairs, the 1/1 apartment needs renovation but maintains it's vintage charm. A 2-car carport is nearby. The 1,100 square foot workshop could be renovated into another home, storefront, or massive garage/workshop. One of the last remaining large parcels within walking distance to downtown, this 2.41-acre gentle property is in a prime location additional development with CITY water, sewer & Toccoa natural gas available, off a state-maintained road. Currently zoned R-1, there are multiple options for multi-family & single-family homesites or a magnificent in-town estate for your family nestled with privacy between the old oak trees. Rezoning is also possible. An open canvas of possibilities awaits your family on Iotla Street!