722 N Sharp StreetFranklin, TX 77856

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 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.

Property Information

Property type

Residential Income

Sub-type

Multi Family

Year built

2008

Stories

1

Living area

20,800 Sq Ft

Lot size

1.40 acres

Days on market

184

MLS^® Listing#

96682164

Property Features

Appliances

Range · Disposal · Microwave · Dishwasher · Refrigerator

Cooling

Electric

Heating

Electric

Flooring

Laminate · Tile · Vinyl

Construction

Brick

Roof

Composition

Windows

Window Coverings

Utilities

Water Connected

Schools

Elementary

Reynolds Elementary School (Franklin)

Middle

Franklin Middle School

High

Franklin High School (Franklin)

Financial Details

Annual taxes

$31,973Tax year 2025

Parcel number

060800000180

Directions

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