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723 N Marsnhall Street Franklin, TX $ 3,499,000
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723 N Marsnhall Street
$ 3,499,000
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723 N Marsnhall Street

Franklin, TX, 77856
$ 3,499,000
Bedrooms48 Baths32.0

Monthly Estimate*

$ 21,544

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

Multi-Family Home for sale in Franklin, TX

for $3,499,000 with 48 bedrooms and 32 full baths. This home was built in 2008 on a lot size of 1.399.

Well-maintained 16-unit multifamily asset (comprised of 8 duplexes) located in Franklin, TX, offering a highly desirable unit mix of all 3-bedroom, 2-bath layouts—an uncommon feature with minimal competing inventory. The property sits within a 20-minute drive of Bryan–College Station and benefits from stable demand driven by nearby industrial and manufacturing employers. Tenants are responsible for all utilities, while ownership covers landscaping and general common area maintenance, helping maintain operational efficiency. Nearly $200K in recent capital improvements have been completed, including roof and gutter replacements, HVAC upgrades, and ongoing interior renovations—significantly reducing immediate capital expenditure requirements. The property is fully occupied with current rents ranging from $1,300 to $1,400 per unit and generates an estimated NOI of $190K–$200K. Additional value-add potential exists through continued rent increases, installation of washer-dryer units (with existing hookups), and further interior and exterior enhancements. On-site management is in place, along with established relationships with local vendors, supporting smooth ongoing operations.

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Multi-Family Active

Price

$ 3,499,000

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

$24,208
Per Month
89%
11%
0%
Monthly Principal & Interest
$21,544
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
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
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 $3,499,000 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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