16-Unit Multifamily in Franklin, TX
Robertson County, TX · listed Apr 18, 2026 (193 days)
- $/unit
- $212,500
- ▲ 131% vs TX · 88th pct
- Cap rate
- —
- NOI
- $195K
- $12,188/unit/yr
- Units
- 16
- 8 bldg · 2008
Financials
- Asking price
- $3,400,000
- Price per unit
- $212,500
- Price per sq ft
- $163
- Gross rent / year
- Not stated
- Net operating income
- $195,000
- NOI per unit
- $12,188
- Cap rate
- Not stated
- Gross yield
- Not stated
- Occupancy
- 100%
As stated by the seller. Verify during due diligence.
Building
- Units
- 16
- Unit mix
- 8 duplexes with a hard-to-find all 3-bedroom, 2-bath layout
- Buildings
- 8
- Year built
- 2008
- Building size
- 20,800 sq ft
- Avg unit size
- 1,300 sq ft
- Lot size
- Not stated
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Apr 18, 2026
- Days on market
- 193 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1163
About this property
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.
Multifamily | 16 Units
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Franklin, TXStabilized | $3.45M | $216K$216K | 7.5%gy |
 Hearne, TX▼ 10% cutValue-add | $695K | $87K$87K | 6.1% |
 Bryan, TXStabilized | $2.2M | $138K$138K | 4.9% |
 College Station, TXStabilized | $4M | $250K$250K | — |
 Bryan, TXValue-add | $2M | $100K$100K | — |
 Bryan, TXHigh yieldStabilized | $1.9M | $158K$158K | 8.9% |