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
$3,400,000
722 N Sharp St, Franklin, TX 77856
3beds
20,800sqft
Multi Family
Built in 2008
-- sqft lot
$3,053,700 Zestimate®
$163/sqft
$-- HOA
What's special
Hvac upgradesInterior renovationsNew roofs and gutters
- 156 days
- 45
- 0
Zillow last checked:
Listing updated:
Listed by:
Mordekhai Harroch TREC #0725110 832-388-3125,
Texas Ally Real Estate Group, LLC
Source: HAR,MLS#: 96682164
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
$3,053,700
$2.90M - $3.21M
Not available
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
Payment breakdown
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Neighborhood: 77856
Nearby schools
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.


