For Sale

$3,400,000

HIGHLIGHTS:
  • Active
  • $45,211/month
  • 43 DOM
  • 1 Stories
  • 0 Beds
  • 20,800 SqFT
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.

Overview
  • MLS Number: 96682164
  • Type: Multi-Family
  • Bedrooms: N/A
  • Bathrooms: N/A
  • Garages: N/A
  • Size: 20,800 SqF
  • Land Size: 60,950 sqft
  • Year Built: 2008
Financial
Price:
$3,400,000
Price/SqFT:
$163.46
Original Price:
$3,499,000
Reduced $:
$99,000
Reduced On:
May 15th, 2026
Reduced %:
2.83 %
HOA Fee:
Tax Rate:
1.888 %
Est. Monthly:
$45,211 *
Tax Amount:
$64,192
Amenities and features
Property & Schools on Map
Floor plans / Dimensions / Descriptions
  • Floors:
    Laminate,Tile,Vinyl Plank
    Heating:
    Central Electric
    Cooling:
    Central Electric
    Dishwasher:
    Yes
    Disposal:
    Yes
    Microwave:
    Yes
  • Roof:
    Composition
    Exterior Type:
    Brick
    Parking Unit:
    More than Two

Listed By:
Mordekhai Harroch

Texas Ally Real Estate Group, LLC

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