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.
For sale
Price cut: $49K (5/15)
$3,400,000
722 N Sharp St, Franklin, TX 77856
3beds
20,800sqft
Multi Family
Built in 2008
-- sqft lot
$3,105,900 Zestimate®
$163/sqft
$-- HOA
What's special
Hvac upgradesInterior renovationsNew roofs and gutters
- 55 days |
- 55 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
Mordekhai Harroch TREC #0725110 832-388-3125,
Texas Ally Real Estate Group, LLC
Source: HAR,MLS#: 96682164
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Electric
Cooling
- Electric
Appliances
- Included: Range, Disposal, Microwave, Dishwasher, Refrigerator
- Laundry: Washer/Dryer Connections
Features
- Flooring: Laminate, Tile, Vinyl
- Windows: Window Coverings
Interior area
- Total structure area: 20,800
- Total interior livable area: 20,800 sqft
Property
Parking
- Parking features: More Than Two Parking Units
Features
- Stories: 1
- Fencing: Fenced
Lot
- Size: 1.4 Acres
Details
- Parcel number: 060800000180
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Roof: Composition
Condition
- New construction: No
- Year built: 2008
Utilities & green energy
- Utilities for property: Electricity Available, Water Connected
Community & HOA
Community
- Subdivision: Sharp Addition
Location
- Region: Franklin
Financial & listing details
- Price per square foot: $163/sqft
- Tax assessed value: $1,693,460
- Annual tax amount: $31,973
- Date on market: 4/18/2026
- Lease term: 1 Year
Estimated market value
$3,105,900
$2.95M - $3.26M
$1,469/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/15/2026 | Price change | $3,400,000-1.4%$163/sqft |
Source: | ||
| 5/3/2026 | Price change | $3,449,000-1.4%$166/sqft |
Source: | ||
| 4/18/2026 | Listed for sale | $3,499,000+75%$168/sqft |
Source: | ||
| 7/27/2022 | Sold | -- |
Source: | ||
| 5/26/2022 | Pending sale | $2,000,000$96/sqft |
Source: | ||
| 4/1/2022 | Listed for sale | $2,000,000$96/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $31,973 +0.6% | $1,693,460 +2.6% |
| 2024 | $31,790 -4.6% | $1,650,000 |
| 2023 | $33,328 +50.2% | $1,650,000 +57.7% |
| 2022 | $22,194 -27.9% | $1,046,560 -28.2% |
| 2021 | $30,764 +46.5% | $1,457,436 +46.5% |
| 2020 | $20,997 +238.5% | $994,758 +52.2% |
| 2018 | $6,204 | $653,600 +7.8% |
| 2017 | -- | $606,230 |
| 2016 | -- | $606,230 -28% |
| 2015 | -- | $841,430 +26.8% |
| 2014 | -- | $663,682 |
| 2013 | -- | $663,682 -8.6% |
| 2012 | -- | $726,348 0% |
| 2011 | -- | $726,390 -1.1% |
| 2010 | -- | $734,480 +112% |
| 2009 | -- | $346,400 +1839.5% |
| 2008 | -- | $17,860 |
| 2007 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 77856
Nearby schools
GreatSchools rating
- 10/10Roland Reynolds Elementary SchoolGrades: PK-4Distance: 0.3 mi
- 9/10Franklin Middle SchoolGrades: 5-8Distance: 1.3 mi
- 6/10Franklin High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Reynolds Elementary School (Franklin)
- Middle: Franklin Middle School
- High: Franklin High School (Franklin)
Source: HAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Texas
- Robertson County
- Franklin
- 77856
- 722 N Sharp St


