723 Marsnhall Street, Franklin, Texas 77856
1/12

$3,499,000 USD

Apartment for Sale, 723 Marsnhall Street, Franklin, Texas 77856

  • MLS#21243947
  • 48
  • 32

Listed By Texas Ally Real Estate Group

The Apartment for Sale located at 723 Marsnhall Street, Franklin, Texas 77856 is currently for sale. 723 Marsnhall Street, Franklin, Texas 77856 is listed for $3,499,000. This property has 48 bedrooms, 32 bathrooms.

Date Updated : Apr 21, 2026
Mordekhai Harroch
Texas Ally Real Estate Group

Property features

Property

  • Location: Building Or Complex Name

Lot/Land

  • Land/Lot size: 0 m² (1.4 ft²)
  • Fencing: Wood

Construction

  • Year built: 2008
  • Roofing: Composition
  • Condition: Resale
  • Construction: Brick
  • Basement and foundation: On Slab

Parking/Garage

  • Parking spaces: 32

Bedrooms

  • Bedrooms: 48

Bathrooms

  • Total bathrooms: 32
  • Full bathrooms: 32

Interior Features

  • Windows: Window Coverings
  • Floors: Laminate

Heating and Cooling

  • Heating system: ElectricCentral
  • Cooling system: ElectricCentral

Utilities

  • Other utilities: City WaterIndividual Water MeterCity Sewer

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.

Location

723 Marsnhall Street, Franklin, Texas 77856

723 Marsnhall Street, Franklin, Texas 77856