Agent profile image in chat bubble
Agent profile image in chat header

Harrison Lilly

| Harrison Lilly Realty Dallas | Harrison Lilly Realty | PLACE

Agent profile image in message

723 N Marsnhall St , Franklin, TX 77856
$3,449,000
Est. Payment: $17,756.95/mo
48 Bed
32 Bath
20080 Sqft
Status: active | Days on site: 127
Get Pre-Qualified
VCR-C15903466 - VCR-C159091383,VCR-C159052275
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from Harrison Lilly, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.

House 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.

Highlights

Listed by Mordekhai Harroch , Texas Ally Real Estate Group , North Texas Real Estate Information Systems

Property Type

Multi-Family

Lot/Acreage
1.4

Year Built

2008

County

Robertson

Neighborhood

Sharp Add

School District

Franklin ISD

Listing ID

21243947

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • Bedrooms:48
  • Bathrooms:32
  • Full Bathrooms:32
Appliances:Dishwasher, Disposal, Electric Range, Microwave, Refrigerator
Air Cond:Central Air,Electric
Fireplaces:
Floor:Laminate,Luxury Vinyl Plank,Tile
Other:
  • Additional:Open Floorplan

Exterior Features

Lot:1 to < 3 Acres
Garage Capacity:32
Roof:Composition
Others:
  • Additional:Private Yard, Preowned
Parking Features:Concrete
Principal Interest
$17,757
Taxes
$2,664

Home Price

$3,449,000

Loan Details

30 yrs
6.674%

Down Payment

20%
$689,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$17,756.95

Principal

Taxes

Principal Taxes HOA Total
Monthly $17,756.95 $2,664.42 $0.00 $20,421.37
Yearly $213,083.40 $31,973.00 $0.00 $245,056.40
Total $6,392,501.94 $959,190.00 $0.00 $7,351,691.94

Today's Rates

30 Year

6.67%

20 Year

6.37%

15 Year

5.93%

Never Miss a Property

Be the first to know when a property hits the market.

Current Listings

Last 30 Days
N/A
Aug 2026

Average Price

All Price Ranges
N/A
Aug 2026

Average Days on Market

All Price Ranges
N/A
Aug 2026
Market insight data is pulled from the same city as the listing being viewed (Franklin, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by North Texas Real Estate Information Systems Multiple Listing Service, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-24T21:21:41.390Z

© 2026 North Texas Real Estate Information Systems