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722 N Sharp Street, Franklin, Texas

$3,400,000
Active
722 N Sharp Street, Franklin, Texas
722 N Sharp Street, Franklin, Texas
722 N Sharp Street, Franklin, Texas
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Property Details

MLS ID: 96682164
Status: Active
Price: $3,400,000
Acres: 1.4±
Type: Multi-Family, Residential
Address: 722 N Sharp Street
City, State: Franklin, TX
County: Robertson County
ZIP Code: 77856
Lat/Long: 31.03299, -96.48485
Parcel Number: 060800-000180
Bedrooms: 3
Bathrooms: 2
SqFt: 20,800
Year Built: 2008

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.

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

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All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information current as of October 5, 2026 at 12:07:40 PM UTC.

Data provided by HAR.com © 2026 Houston Realtors Information Service, Inc. All information provided should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. The data is not guaranteed accurate by the MLS. Data last updated October 5, 2026 at 12:07:40 PM UTC.

Listed By: Mordekhai Harroch of Texas Ally Real Estate Group, Llc - (832) 388-3125