TX
Robertson
Franklin
77856
723 N Marsnhall Street
723 N Marsnhall Street, Franklin, TX 77856
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Listing Type
Condo/Townhome
Listing Status
Active
12
$3,499,000

Home Details for 723 N Marsnhall Street

Price
$3,499,000
Type
Residential Income
Bedrooms
48
Total Bathrooms
32
Full Bathrooms
32
Year built
2008
Lot size acres
1.399
County
Robertson
Days on site
45
MLS Listing#
21243947
Property Description

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.

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Property Features
  • Cooling Information
    • Central Air
    • Electric
  • Heating Information
    • Central
    • Electric
  • Water Features
    • Public
  • House Interior
    • Open Floorplan
  • Utilities
    • Electricity Connected
  • Parking
    • Concrete
School Information
School Information for 723 N Marsnhall Street, Franklin, TX 77856
Elementary School
Reynolds
Middle School
Franklin
High School
Franklin
Listing Courtesy: Texas Ally Real Estate Group - 512-763-2559
Presented by: Mordekhai Harroch
Dallas MLS - N.T.R.E.I.S. logoThe data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the NTREIS Multiple Listing Service. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.
Last Updated: 2026-05-02 23:21:39
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EXIT REALTY ELITE
129 S. Main St, Ste 260, Grapevine, TX 76051
Jerry Hawn
License #: 0706288
Sales Representative
Office
817 925 5503
Agent
817 905 9019
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