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
$163
Listed
64 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: 64 |
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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: $3,400,000Price Per Sqft: $163 |
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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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Mls Number: 96682164 |
Last check for updates: about 3 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.
Market trends in Franklin
Last updated May 2026
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
48
1MoM
Price History for 722 N Sharp St
| Date | Price | Event | Source |
|---|---|---|---|
| 05/15/2026 | $3,400,000 | PriceChange | HAR #96682164 |
| 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 | $31,973 |
| Assessment | $1,693,460 |
Home facts updated by county records
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Assigned Schools
These are the assigned schools for 722 N Sharp St.
- Franklin High School
- 9-12
- Public
- 448 Students
7/10GreatSchools RatingParent Rating AverageFISD goes above and beyond for their students!Parent Review1y ago - Roland Reynolds Elementary School
- PK-4
- Public
- 586 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
- 428 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
Sourced by Trulia users. 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.