Franklin Basement Homes for Sale

Franklin TN basement homes for sale are a rare commodity. Due to the large amounts of rock found in Tennessee, it is difficult to find a true basement entirely below ground level. Most of the basement homes you find here are walk-outs. These homes are cut out of the hills and usually have the entire back of the basement level exposed.

Franklin TN basement homes for sale can be expensive to build brand new. You will see new construction builders charging between $50,000 to $70,000 for a basement addition. The most cost effective way to purchase a basement home is to buy an existing home that includes a basement.

Unlike other parts of the country, if a basement is finished with heating and cooling systems in place, it can be used in the total square footage of the house as living space.

Search for Franklin TN basement homes for sale by price:

Above is the entire list of Franklin TN basement homes for sale priced $800,000 - $899,999. For more information regarding basement homes for sale,

Call Franklin Homes Realty LLC at (615) 495-0752.

Basement Home Listings Priced $800,000 - $899,999

$895,000

3 Beds ⋅ 3 Baths ⋅ 2898371 MLS ⋅ ACTIVE Status ⋅ 5.16 Acres ⋅ 37069 Zip Code

Back on market due to Buyer Financing-- Peaceful rural living just 10 minutes from Historic Downtown Franklin. This 5+ acre equestrian property offers privacy, space, and freedom with no HOA and Franklin School District zoning. Bring your horses, goats, chickens, or livestock—approximately 2 acres are fully fenced with an additional 3 acres of wooded, unfenced land ideal for hiking, exploring, or ATV adventures. This is a perfect site living while you build your dream home in a ideal location. Home updates include: 2024 electrical panel with surge protector. New water main line and interior plumbing. 2-step septic system for improved efficiency. Basement with full bath—perfect for a home gym, recording studio, or guest suite. Spacious two car garage. Located near Cool Springs, Brentwood, and top-tier golf and shopping, this versatile property also offers potential for a small business, short-term rental (Airbnb), or daycare. Don’t miss this rare opportunity to own usable acreage with so many possibilities—just minutes from everything Franklin has to offer.

475 Franklin Rd, Franklin

$895,000

5 Beds ⋅ 4 Baths ⋅ 3297847 MLS ⋅ ACTIVE Status ⋅ 0.19 Acres ⋅ 37064 Zip Code

$10,000 Buyer Flex Cash available for closing costs, a first-year rate buydown, or other lender-approved financing expenses! **OPEN HOUSE Sunday 7/26/26 2P-4P** Welcome home to this beautifully updated brick Colonial in one of Franklin's most desirable established neighborhoods, just minutes from historic downtown Franklin. Blending both timeless architecture with major system updates and an incredibly rare flexible lower level, this home offers a level of versatility that's difficult to find in today's market. The expansive finished walk-out basement was professionally designed as a recording studio and creative space, featuring a fully soundproofed and acoustically treated tracking room, double interior studio windows, a spacious flex/lounge area, mini kitchen and refreshment bar with a private exterior entrance. This unique space could also serve as a media room, home theater, gaming lounge, home office, home gym, multigenerational living space, or private guest retreat. Move-in ready with refinished hardwood floors, fresh interior paint, new bathroom and laundry tile flooring, and brand-new upstairs carpet. Major updates include replacement windows, updated HVAC systems, gas heat, and a gas fireplace. Additional highlights include an extra-deep two-car garage and an attached 14x14 unfinished workshop/storage space—a rare feature in this community. Outside, enjoy mature landscaping, wide tree-lined streets, a community pool and clubhouse, and adjacent access to Franklin Bridge Golf Club. Conveniently located near Cool Springs, shopping, dining, parks, top-rated schools, and historic downtown Franklin, this home offers the perfect blend of timeless character, modern updates, and exceptional flexibility in one of Middle Tennessee's most desirable communities. **Cash incentive is with acceptable offer.

471 Forrest Park Cir, Franklin

$899,900

3 Beds ⋅ 3 Baths ⋅ 3246221 MLS ⋅ ACTIVE Status ⋅ 1.04 Acres ⋅ 37064 Zip Code

A rare opportunity to enter one of South Franklin’s most desirable hillside neighborhoods for under $1 million. Set on approximately 1.04 acres, this is the last and highest homesite on its side of the hill, with wooded hillside rising beyond the property and long-range views stretching across Berry Farms toward I-65. The setting feels elevated, peaceful, and connected to nature while remaining part of an established neighborhood just minutes from everything Franklin has to offer. Over the past three months, the home has been substantially refreshed with new flooring in every bedroom, fresh paint throughout, and the complete finishing of the first level into a versatile flex and recreation space with a full bath. Hydronic floor heat adds year-round comfort, making this level equally suited for movie nights, fitness, work-from-home, hobbies, guests, or simply a second place to unwind. Brand-new garage doors and a fully reinforced moisture-barrier wall, completed within the last year, add meaningful value behind the scenes. The main living level offers 3 bedrooms, a warm living room with fireplace and built-ins, a formal dining room with original hardwood floors, an updated kitchen, and a sun-filled breakfast nook. A secondary gravel driveway leads to a newly built carport, adding two parking spaces and convenient first-level entry directly into the kitchen. Outside, the usable yard invites big ideas, from gardening and outdoor entertaining to homesteading-style living or the possibility of a future pool. An expansive deck, generous garage, and additional storage add flexibility. With 3 full baths, highly regarded Williamson County Schools, and easy access to Berry Farms, In-N-Out’s Eastern Territory campus, I-65, and downtown Franklin, this is more than a home with room to personalize. It is a chance to claim a piece of South Franklin and make it unmistakably yours. Come see the view, walk the land, and imagine what comes next. Some photos virtually staged.

111 Dogwood Ln, Franklin

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Information Is Believed To Be Accurate But Not Guaranteed. Some or all listings may or may not be listed by the office/agent presenting these featured properties. Copyright 2026 MTRMLS, Inc. RealTracs Solutions.