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722 N Sharp Street, Franklin, TX 77856

Franklin
Local realty services provided by:CENTURY 21 Judge Fite Company
722 N Sharp Street,Franklin, TX 77856
$3,400,000
  • 3 Beds
  • 2 Baths
  • 20,800 sq. ft.
  • Multi-family
  • Active
Listed by: mordekhai harroch
Office: texas ally real estate group, llc.512-763-2559
MLS#:96682164
Source:HARMLS

Price summary

  • Price:$3,400,000
  • Price per sq. ft.:$163.46

About this home

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.

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Home facts

  • Year built:2008
  • Listing ID #:96682164
  • Updated:July 29, 2026 at 12:25 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Full bathrooms:2
  • Flooring:Laminate, Plank, Tile, Vinyl
  • Kitchen Description:Dishwasher, Disposal, Microwave, Refrigerator
  • Living area:20,800 sq. ft.

Heating and cooling

  • Cooling:Central Air, Electric
  • Heating:Central, Electric
  • Central air:Yes

Structure and exterior

  • Roof:Composition
  • Year built:2008
  • Building area:20,800 sq. ft.
  • Construction Materials:Brick
  • Levels:1 Story

Schools

  • High school:FRANKLIN HIGH SCHOOL (FRANKLIN)
  • Middle school:FRANKLIN MIDDLE SCHOOL
  • Elementary school:REYNOLDS ELEMENTARY SCHOOL (FRANKLIN)

Utilities

  • Water:Water Available

Finances and disclosures

  • Price:$3,400,000
  • Price per sq. ft.:$163.46
  • Tax amount:$31,973 (2025)

Features and amenities

  • Appliances:Dishwasher, Disposal, Microwave, Refrigerator
  • Amenities:Fire Alarm, Window Coverings
Copyright 2026, Houston Realtors Information Service, Inc. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and the data is deemed reliable but is not guaranteed accurate by the MLS. HARMLS Member Broker: Ashley Conlon

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