723 N Marsnhall Street, Franklin, Texas 77856

  • 2008
  • 48
  • 32

Apartment For Sale

$3,449,000
ActiveListing ID #21243947
Basic Details
Residential Income
Active
21243947
2008
$3,449,000
1.399
20,080 Sqft
48
32
Property 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 and 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.

Features
Brick
Composition
Back Yard, Fenced, Wood
Central, Electric
Central Air, Electric
Sewer Available, Water Available, Electricity Connected, Separate Meters
Open Floorplan
Private Yard
Public Sewer
Concrete
Neighborhood
Reynolds
Franklin
Franklin
Franklin ISD
Additional Information
Apartment
Preowned
16
Close Of Escrow
Mordekhai Harroch
Texas Ally Real Estate Group
Address Map
723
N Marsnhall Street
Sharp Add
Franklin
TX
77856
Robertson
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    Data last updated: 09/19/2026 1:38 AM
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    Apartment For Sale

    $3,449,000
    ActiveListing ID #21243947
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