722 N Sharp St
Franklin, TX 77856
3 Beds
2 Baths
20,800 sqft (on 1.40 acres)
3 Beds
2 Baths
20,800 sqft
(on 1.40 acres)
Local Information
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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/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.
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.
Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$166
Listed
19 days ago
Home Details for 722 N Sharp St
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Beds & Baths Number of Bedrooms: 3Number of Bathrooms: 2Number of Bathrooms (full): 2 |
Dimensions and Layout Living Area: 20800 Square Feet |
Appliances & Utilities Utilities: Electricity Available, Water ConnectedAppliances: Range, Disposal, Microwave, Dishwasher, RefrigeratorDishwasherDisposalLaundry: Washer/Dryer ConnectionsMicrowaveRefrigerator |
Heating & Cooling Heating: ElectricHas CoolingAir Conditioning: ElectricHas HeatingHeating Fuel: Electric |
Windows, Doors, Floors & Walls Window: Window CoveringsFlooring: Laminate, Tile, Vinyl |
Levels, Entrance, & Accessibility Stories: 1Floors: Laminate, Tile, Vinyl |
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Exterior Home Features Roof: CompositionFencing: FencedNo Private Pool |
Parking & Garage No CarportNo GarageParking: More Than Two Parking Units |
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Days on Market: 19 |
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Year Built Year Built: 2008 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Construction Materials: BrickNot a New Construction |
Property Information Parcel Number: 060800000180 |
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Price List Price: $3,449,000Price Per Sqft: $166 |
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MLS Status: Active |
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Direction & Address City: FranklinCommunity: Sharp Addition |
School Information Elementary School: Reynolds Elementary School (Franklin)Jr High / Middle School: Franklin Middle SchoolHigh School: Franklin High School (Franklin)High School District: 202 - Franklin |
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Listing Agent Listing ID: 96682164 |
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Building Area Building Area: 20800 Square Feet |
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Lot Area: 1.3992 Acres |
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Lease Term: 1 Year |
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Mls Number: 96682164 |
Last check for updates: about 7 hours ago
Listing courtesy of Mordekhai Harroch TREC #0725110, (832) 388-3125
Texas Ally Real Estate Group, LLC
Source: HAR, MLS#96682164
Also Listed on HAR.
Price History for 722 N Sharp St
| Date | Price | Event | Source |
|---|---|---|---|
| 05/03/2026 | $3,449,000 | PriceChange | HAR #96682164 |
| 04/18/2026 | $3,499,000 | Listed For Sale | HAR #96682164 |
| 07/27/2022 | -- | Sold | BCSMLS #22004588 |
| 05/26/2022 | $2,000,000 | Pending | HAR #96029641 |
| 04/01/2022 | $2,000,000 | Listed For Sale | HAR #96029641 |
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | |
| Assessment | $1,693,460 |
Home facts updated by county records
Assigned Schools
These are the assigned schools for 722 N Sharp St.
- Franklin High School
- 9-12
- Public
- 421 Students
6/10GreatSchools RatingParent Rating AverageFISD goes above and beyond for their students!Parent Review1y ago - Roland Reynolds Elementary School
- PK-4
- Public
- 534 Students
10/10GreatSchools RatingParent Rating AverageExcellent principal & some fine teachers, but I think it could use improvement in areas like: curriculum (seems weak, muddled); overemphasis on standardized tests; lack of PTA/parent "voice"; and counterproductive disciplinary approach (punishing an entire class based on actions of a few students helps nothing). Other options include nearby schools, private schools, online public schools & home school.Parent Review12y ago - Franklin Middle School
- 5-8
- Public
- 398 Students
9/10GreatSchools RatingParent Rating AverageThere's a district-wide focus on sports, building construction, and STAAR tests. In order to improve, this campus should communicate better, offer more opportunities for a well-rounded education, and make better use of instructional time. Grades 5-8.Parent Review11y ago 
Check out schools near 722 N Sharp St.
What Locals Say about Franklin
At least 4 Trulia users voted on each feature.
100 % Say parking is easy
90 % Say there's holiday spirit
88 % Say yards are well-kept
80 % Say it's quiet
75 % Say there are community events
63 % Say people would walk alone at night
60 % Say there's wildlife
50 % Say kids play outside
50 % Say car is needed
44 % Say they plan to stay for at least 5 years
43 % Say it's walkable to restaurants
36 % Say neighbors are friendly
33 % Say it's dog friendly
29 % Say it's walkable to grocery stores
14 % Say there are sidewalks
Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Mordekhai Harroch, Texas Ally Real Estate Group, LLC
Agent Phone: (832) 388-3125
Copyright 2026, Houston REALTORS® Information Service, Inc.
The information provided is exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
722 N Sharp St, Franklin, TX 77856 is a 3 bedroom, 2 bathroom, 20,800 sqft multi-family built in 2008. This property is currently available for sale and was listed by HAR on Apr 18, 2026. The MLS # for this home is MLS# 96682164.