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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.
| DAYS ON MARKET | Login to view Days on Market | LAST UPDATED | 5/2/2026 |
|---|---|---|---|
| TRACT | Sharp Addition | YEAR BUILT | 2008 |
| COMMUNITY | 72 | COUNTY | Robertson |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Reynolds Elementary School (Franklin) |
|---|---|
| Jr. High School | Franklin Middle School |
| High School | Franklin High School (Franklin) |
| PRICE HISTORY | |
| Prior to May 2, '26 | $3,499,000 |
|---|---|
| May 2, '26 - Today | $3,449,000 |
| ADDITIONAL DETAILS | |
| AIR | Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Disposal, Microwave, Range, Refrigerator |
| AREA | 72 |
| CONSTRUCTION | Brick |
| HEAT | Electric |
| LOT | 1.3992 acre(s) |
| STORIES | 1 |
| SUBDIVISION | Sharp Addition |
| TAXES | 31973 |
| UTILITIES | Water Connected |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Texas Ally Real Estate Group, LLC
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