$3,449,000
 $19,583 est/mo Sourced by Back At You

723 N Marsnhall Street,Franklin, TX 77856

Franklin, TX 77856

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Description

Attractive and well-maintained 16-unit multifamily investment in Franklin, TX consisting of 8 duplexes with a hard-to-find all 3-bedroom, 2-bath layout and limited competing inventory, supporting strong and consistent tenant demand. Located within 20 minutes of Bryan-College Station with access to nearby manufacturing and industrial employment. Fully leased and producing immediate cash flow. Tenants pay utilities, helping maintain efficient operating margins. Nearly $200K in capital improvements completed, including new roofs and gutters, HVAC upgrades, and interior renovations, reducing near-term capital needs. Current rents range from $1,300 to $1,400, generating approximately $190K-$200K NOI. Additional upside through continued rent growth, washer and dryer installation (connections in place), and further interior and site enhancements. On-site management and vendor relationships in place, providing for a smooth transition and ease of ownership.

Details

MLS #21243947
Listing TypeFor Sale
StyleDuplex
Sub-TypeResale
StatusActive
Year2008
Days On Site190
Listing Provided ByTexas Ally Real Estate Group | Mordekhai Harroch

Features

Bed(s)48
Bath(s) 32 Total
Story(s)1
Units1
Building(s)8
Acreage1.40

Interior

CoolingCentral Air, Electric
HeatingCentral, Electric
Interior FeaturesOpen Floorplan
Window FeaturesWindow Coverings
AppliancesDishwasher, Disposal, Electric Range, Microwave, Refrigerator

Exterior

Exterior FeaturesPrivate Yard
RoofComposition
Security FeaturesSmoke Detector(s)
Construction MaterialsBrick
Foundation DetailsSlab

Parking

Garage Yn0
Parking FeaturesConcrete

Utilities

UtilitiesCity Sewer, City Water, Electricity Connected, Individual Water Meter

Taxes

Unexempt Taxes31973
Tax Lot5
Tax Block3
Tax Legal DescriptionN65OF LT 4, ALL LTS 5 & 6 BL 3 SHARP ADDN 149

Area Information

StateTX
CountyRobertson
CityFranklin
Zip Code77856
AreaRobertson
Community NameSharp Add
School DistrictFranklin ISD
Elementary SchoolReynolds
High SchoolFranklin
Listing VS Median (in Sharp Add)
Price:
$3,449,000
low | high
Med:
$0
On site:
190
low | high
Med:
Sourced by Back At You

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All information provided by the seller and is deemed to be correct, but is not guaranteed. Buyer to verify and satisfy themselves with all information listed including but not limited to lot size, room sizes and square footage.  Buyers are encouraged to have property inspected by inspector of their choice.  Price subject to change. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. You may not reproduce or redistribute this data—it is for viewing purposes only. This data is deemed reliable, but is not guaranteed accurate by the MLS or NTREIS.

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Learn More About This Property

StateTX
CountyRobertson
CityFranklin
Zip Code77856
AreaRobertson
Community NameSharp Add
School DistrictFranklin ISD
Elementary SchoolReynolds
High SchoolFranklin
Listing VS Median (in Sharp Add)
Price:
$3,449,000
low | high
Med:
$0
On site:
190
low | high
Med:
Sourced by Back At You
Listing Updated: September 28, 2026 at 9:50:58 PM PDT