722 N Sharp Street, Franklin, TX 77856

Franklin
Local realty services provided by:American Real Estate ERA Powered
722 N Sharp Street,Franklin, TX 77856
$3,400,000
  • 3 Beds
  • 2 Baths
  • 20,800 sq. ft.
  • Multi-family
  • Active
Listed by: mordekhai harroch
Office: texas ally real estate group, llc.512-763-2559
MLS#:96682164
Source:HARMLS

Price summary

  • Price:$3,400,000
  • Price per sq. ft.:$163.46

About this home

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 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.

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Home facts

  • Year built:2008
  • Subdivision & Development:Sharp Addition
  • Listing ID #:96682164
  • Updated:November 15, 2026 at 12:42 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Full bathrooms:2
  • Flooring:Laminate, Plank, Tile, Vinyl
  • Kitchen Description:Dishwasher, Disposal, Microwave, Refrigerator
  • Living area:20,800 sq. ft.

Heating and cooling

  • Cooling:Central Air, Electric
  • Heating:Central, Electric
  • Central air:Yes

Structure and exterior

  • Roof:Composition
  • Year built:2008
  • Building area:20,800 sq. ft.
  • Construction Materials:Brick
  • Levels:1 Story

Schools

  • High school:FRANKLIN HIGH SCHOOL (FRANKLIN)
  • Middle school:FRANKLIN MIDDLE SCHOOL
  • Elementary school:REYNOLDS ELEMENTARY SCHOOL (FRANKLIN)

Utilities

  • Water:Water Available

Finances and disclosures

  • Price:$3,400,000
  • Price per sq. ft.:$163.46
  • Tax amount:$31,973 (2025)

Features and amenities

  • Appliances:Dishwasher, Disposal, Microwave, Refrigerator
  • Amenities:Fire Alarm, Window Coverings
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