723 N Marsnhall Street
Franklin, Texas 77856
48
Bed
32
Bath
1.40Acres(Lot)
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 (connectio
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedrooms: 48 Window Features: Window CoveringsBathroom Information
Total Baths: 32 Full Baths: 32 -
Interior Features
Open FloorplanAppliances
Dishwasher,Disposal,Electric Range,Microwave,RefrigeratorUtilities
City Sewer,City Water,Electricity Connected,Individual Water Meter -
Cooling Features
Central Air,ElectricHeating Source
Central,Electric
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Building Information
Built Year: 2008 Building Area Total: 20,080 Construction: Brick Roof Type: Composition -
Exterior Features
Private YardFoundation
SlabSecurity Features
Smoke Detector(s) -
Fencing
Back Yard,Fenced,WoodConstruction Materials
Brick
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Lot Information
Lot Size (Acr): 1.3990 Lot Size Units: Acres Lot Size Square Feet: 60,940 -
Property Information
Property Type: Residential Income Property Sub Type: Apartment Subdivision: Sharp Add City: Franklin State: Texas Directions: From Highway 79, Head North on N Owensville, Right on Carter St, until Sharp St. Property Status: Active Levels: One Property Age: 18 Year Built Details: Preowned
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Listing Price Information
Original List Price: $3,499,000 -
Listing Information
Possession: Closing/Funding
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Tax Information
Parcel Number: 060800000180 Tax Block: 3 Tax Legal Description: N65OF LT 4, ALL LTS 5 & 6 BL 3 SHARP ADDN 149 Tax Lot: 5 Unexempt Taxes: $31,973
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Parking Information
Parking: 32 Parking Features: Concrete -
Homeowners Association Information
HOA Type: None
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School Information
Elementary School: Reynolds Middle School: Franklin High School: Franklin School District: Franklin ISD -
Utility Information
Utilities: City Sewer,City Water,Electricity Connected,Individual Water Meter
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 312 Morehead Street, Franklin, TX, 77856 | $334,800 | 3 | 2 | 1,720 | -- |
| 10967 Clyde Acord Road, Franklin, TX, 77856 | $739,900 | 4 | 4 | 2,646 | 0.73 Acre |
| 10959 Clyde Acord Road, Franklin, TX, 77856 | $799,000 | 4 | 2 | 2,916 | 0.32 Acre |
| 11810 Riley Green Road, Franklin, TX, 77856 | $789,500 | 6 | 2 | 3,256 | 0.68 Acre |
| 11810 Riley Green Road Rd, Franklin, TX, 77856 | $789,500 | 4 | 2 | 3,256 | 0.68 Acre |
| 11404 Riley Green Road, Franklin, TX, 77856 | $899,000 | 3 | 3 | 2,214 | 0.90 Acre |
| 10329 Clyde Acord Road, Franklin, TX, 77856 | $549,900 | 4 | 3 | 2,100 | 0.57 Acre |
| 2801 Farm To Market 1940, Franklin, TX, 77856 | $474,900 | 4 | 2 | 1,600 | 6.81 Acres |
| TBD Henge Road, Franklin, TX, 77856 | $225,000 | 4 | 2 | 1,475 | 1.28 Acres |
| 384 Red Fox Road, Franklin, TX, 77856 | $135,540 | 4 | 2 | 1,976 | 0.74 Acre |
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ByOwner last updated this listing 10/03/2026 @ 04:22
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