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722 N Sharp Street

Franklin, TX 77856

$3,400,000 $14,334/Mo

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Overview

Bed

Bath

20,800

Sqft

1.40

Acres(Lot)

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/dryer installation (connections i n place), and further interior and site enhancements. On-site management and vendor relationships in place, providing for a smooth transition and ease of ownership.

Property Details

Property Type : Residential Income

Price : $3,400,000

AD Id : 77594473

MLS Id : 96682164

Beds : 3

Lot Size : 1.40 Acres

Living Area Size : 20,800

Year Built : 2008

County : Robertson

Subdivision: Buckingham Place

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 3

Bathroom Information

Total Baths: 2 Full Baths: 2
Flooring Information

Laminate, Tile, Vinyl
Roofing Information

Composition
Interior Features

Roof: Composition Appliances: Range, Disposal, Microwave, Dishwasher, Refrigerator Window Features: Window Coverings
Heating & Cooling

Has Heating: Yes Heating: Electric Has Cooling: Yes Cooling: Electric

Building Information

Year Built: 2008 Building Area Total: 20800 Construction Materials: Brick Stories: 1 Private Pool: No

Lot Information

Main Square Feet: 1.3992 Acres Lot Size Acres: 1.3992 Lot Size Square Feet: 60950

Property Information

Subdivision: Sharp Addition Source Property Type: Residential Income Property SubType: Multi Family Property Age: 18

Listing Price Information

Listing Price: $3400000 Original Price: $3499000

Tax Information

Parcel Number: 060800000180 Tax Year: 2025 Annual Tax: $31973 Tax Legal Desc: N65OF LT 4, ALL LTS 5 & 6 BL 3 SHARP ADDN 1496/575 1.399 ACR

School Information

Elementary School: Reynolds Elementary School (Franklin)

Junior High School: Franklin Middle School

Senior High School: Franklin High School (Franklin)
Utility Information

Water Connected
Location Information

Direction: From Highway 79, Head North on N Owensville, Right on Carter St, until Sharp St.

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Copyright 2026, Houston REALTORS® Information Service, Inc. The information provided is exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

ByOwner last updated this listing 06/04/2026 @ 20:40

MLS: 96682164 LISTED BY: Mordekhai Harroch, Texas Ally Real Estate Group, LLC 512-763-2559 SOURCE: Houston Association of REALTORS