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723 N Marsnhall Street Franklin, TX $ 3,449,000
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$ 3,449,000 Get more info
723 N Marsnhall Street
$ 3,449,000
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723 N Marsnhall Street

Franklin, TX, 77856
$ 3,449,000
Bedrooms48 Baths32.0

Monthly Estimate*

$ 21,236

723 N Marsnhall Street, Franklin, TX 77856 - Image 1
723 N Marsnhall Street, Franklin, TX 77856 - Image 2
723 N Marsnhall Street, Franklin, TX 77856 - Image 3
723 N Marsnhall Street, Franklin, TX 77856 - Image 4
723 N Marsnhall Street, Franklin, TX 77856 - Image 5
723 N Marsnhall Street, Franklin, TX 77856 - Image 6
723 N Marsnhall Street, Franklin, TX 77856 - Image 7
723 N Marsnhall Street, Franklin, TX 77856 - Image 8
723 N Marsnhall Street, Franklin, TX 77856 - Image 9
723 N Marsnhall Street, Franklin, TX 77856 - Image 10
723 N Marsnhall Street, Franklin, TX 77856 - Image 11
723 N Marsnhall Street, Franklin, TX 77856 - Image 12
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Multi-Family Home for sale in Franklin, TX

for $3,449,000 with 48 bedrooms and 32 full baths. This home was built in 2008 on a lot size of 1.399.

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.

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Multi-Family Active

Price

$ 3,449,000

Bedrooms

48

Full Bath

32

Property Type

Multi-Family

Taxes

$ 31,973

Style

Apartment

Lot Size

1.399

Year Built

2008

Town/City

Franklin

County/Region

Robertson

MLS | Web ID

21243947
Features
Interior
Interior Features Open Floorplan
Flooring Laminate Luxury Vinyl Plank Tile
Total Units 16
Total Bedrooms 48
Total Baths 32
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General
Heating Central Electric
Complex Name 722 N Sharp St
Cooling Central Air Electric
Utilities City Sewer City Water Electricity Connected Individual Water Meter
Possession Closing/Funding
Roof Composition
Appliances Dishwasher Disposal Electric Range Microwave Refrigerator
School District Franklin ISD
Pool Y/N 0
Year Built 2008
Levels One
Property Subtype Apartment
Subdivision Name Sharp Add
Occupant Type Tenant
County Robertson
Property Type Residential Income
Construction Materials Brick
Year Built Details Preowned
HOA Type None
Special Notes Owner/ Agent
# of Buildings 8
Full Baths 32
Status Active
Directions From Highway 79 Head North on N Owensville Right on Carter St until Sharp St.
City Franklin
Elementary School Name Reynolds
High School Franklin
Elementary School Reynolds
Standard Status Active
Listing Terms 1031 Exchange Cash Conventional FHA
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Exterior
Waterfront 0
Exterior Features Private Yard
Fencing Back Yard Fenced Wood
Parking Features Concrete
Lot Size 1 to < 3 Acres
Foundation Slab
Building Area Total 20080.00
Garage Y/N 0
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Internal Only
Street Number 1 723
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* Excluded Features
List By
Mordekhai Harroch

Listing Agent

Texas Ally Real Estate Group

Broker

Affordability Calculator

$23,901
Per Month
89%
11%
0%
Monthly Principal & Interest
$21,236
Monthly Property Taxes
$2,664
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
5154952 Elementary School
5073702 Middle School
See complete school information
Pricing History
Date Price Price Change Description
5/3/2026 $3,449,000 -1.43% Price Down
4/19/2026 $3,499,000 Listed Price

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723 N Marsnhall Street, Franklin, TX, 77856 is a Multi-Family Home for sale at $3,449,000 with a lot size of 1.399. 723 N Marsnhall Street has 48 bedrooms, 32.0 baths, and was built in 2008. The property's zip code is 77856 which is in Franklin, TX

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