← All homes

723 Marsnhall Street

Franklin, TX 77856

$3,449,000

16 units · 2008

Units16
Building area20,080 sq ft
Year built2008
Gross income$260,000/yr
Cap rate5.8% as listed
Parking32 spaces
Lot size1.399 acres
TypeApartment

What it costs to own

Taxes$31,973 per year
HOANone listed
Operating expenses$60,000 per year — as listed
Insurance$10,000 per year — as listed
Net operating income$200,000 per year — as listed

Taxes shown reflect the current owner's exemptions and may change after purchase.

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 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.

The details

HeatingCentral, Electric
CoolingCentral Air, Electric
FlooringLaminate, Luxury Vinyl Plank, Tile
AppliancesDishwasher, Disposal, Electric Range, Microwave, Refrigerator
Interior featuresOpen Floorplan

Construction materialsBrick
RoofComposition
FoundationSlab

FencingBack Yard, Fenced, Wood
Water sourceCity Water, Individual Water Meter
SewerCity Sewer
ElectricElectricity Connected

SubdivisionSharp Add

ElementaryReynolds
Middle schoolFranklin
High schoolFranklin
DistrictFranklin ISD

Gross income$260,000 per year
Operating expenses$60,000 per year
Operating includesPest Control
Insurance$10,000 per year
Cap rate5.8% — as listed
Net operating income$200,000 per year

MLS #21243947
Source
Price changeReduced by $50,000 · May 3, 2026
On the market15 days
CountyRobertson

Around this home

One moment…

Everyday life

Nearest groceryBrookshire's · 34 mi
Nearest parkHawkins Park · 34 mi

Your places stay on this device. We never sell or share them. Read the full privacy policy

Place directory © OpenStreetMap contributors.

Listing courtesy of Texas Ally Real Estate Group — Mordekhai Harroch.

Where it is

Open in Google Maps

Robert LewisStephen LewisRobert & StephenInk Realty Group

Want the full story on this home?

What a listing cannot tell you: the street, the timing, the leverage. That is our work.

Ask about 723 Marsnhall Street Text Robert & Stephen

Texting starts a conversation with Robert and Stephen. Message & data rates may apply — reply STOP to end.

Nearby in FRANKLIN

Three more worth a conversation.

4732 W US Highway 79, Franklin, TX 77856

$2,300,000

4 bd · 2.5 ba · 3,391 sq ft · 99.17 ac

4732 W US Highway 79

Franklin, TX 77856

Listing courtesy of Real Broker, LLC

10846 Riley Green Road, Franklin, TX 77856

$400,000

2 bd · 1 ba · 1,119 sq ft · 0.77 ac

10846 Riley Green Road

Franklin, TX 77856

Listing courtesy of Realty Right

Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21243947. Information last updated May 3, 2026.

Based on information submitted to the MLS as of the date above. All data is obtained from various sources and may not have been verified by the broker or NTREIS. Supplied data is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing.

Ink Realty Group is brokered by eXp Realty.

Start a conversationAsk about this home
Scroll to Top