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412 W Franklin Street

Alvord, Texas 76225
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Bed 9

Bed

Bath 6

Bath

Acres0.22

Acre(Lot)

Here is an investment opportunity in the city of Alvord, Texas. Built in 2019, this triplex offers modern construction, durable exterior features, and strong long-term rental appeal for investors seeking to expand or stabilize their portfolio. Each unit features approximately 1,224 square feet of living space with three bedrooms and two full bathrooms, creating an attractive option for families, workforce housing, or long-term tenants seeking comfort and convenience. The thoughtfully designed floor plans include spacious living areas, separate kitchen nooks for dining, and electric range appliances in each unit. Electric washer and dryer connections provide added convenience for tenants while reducing maintenance concerns often associated with shared laundry facilities. Each residence i s also equipped with individual HVAC systems, allowing tenants to control their own comfort while helping owners manage utility efficiency more effectively. A durable metal roof enhances the property’s exterior appeal while potentially contributing to lower long-term maintenance costs and extended roof life compared to many traditional roofing materials. Additional storage space adds practical value for residents and increases the property’s marketability in a competitive rental environment. The property’s newer construction age may provide advantages related to reduced deferred maintenance compared to older multifamily assets, making this an appealing option for both seasoned and first-time investors. Located in Alvord, this property benefits from the appeal of small-town Texas living while maintaining access to larger North Texas employment and growth corridors. The combination of modern construction, desirable unit sizes, and functional amenities positions this property as a strong income-producing asset with long-term upside potential. Multifamily opportunities with this combination of age, layout, and functionality remain increasingly difficult to find in today’s market.

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Detail Ic Property Details

Property Type : Residential Income

Price : $590,000

AD Id : 80131868

MLS Id : 563705792

Beds : 9

Lot Size : 0.22 Acre

Year Built : 2019

County : Wise

Subdivision: Original Alvord

  • Map Map

Map

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Feature Features

  • Bedroom Information

    Total Bedrooms: 9

    Bathroom Information

    Total Baths: 6 Full Baths: 6 Half Baths: 0
  • Interior Features

    High Speed Internet Available

    Appliances

    Dishwasher,Disposal,Electric Range

    Utilities

    Asphalt,City Sewer,City Water,Electricity Connected
  • Cooling Features

    Central Air,Electric

    Heating Source

    Central,Electric

  • Building Information

    Built Year: 2019 Building Area Total: 3,395 Construction: Brick,Wood Roof Type: Metal
  • Foundation

    Slab
  • Construction Materials

    Brick,Wood

  • Lot Information

    Lot Size (Acr): 0.2230 Lot Size Units: Acres Lot Size Square Feet: 9,714
  • Property Information

    Property Type: Residential Income Property Sub Type: Triplex Subdivision: Original Alvord City: Alvord State: Texas Directions: From US 287 and US 380 in Decatur, TX, head northwest on US 287 N, US 81 N. Take the US-81 BUS N, US-287 BUS N exit toward Alvord and continue onto US 287 BUS N, US 81 BUS N. Your destination will be on the right. Property Status: Active Levels: One Property Age: 7 Year Built Details: Preowned

  • Listing Price Information

    Original List Price: $590,000
  • Listing Information

    Possession: Closing/Funding

  • Tax Information

    Parcel Number: 768308 Tax Block: 15 Tax Legal Description: LOT PT 5 BLK 15 ORIGINAL ALVORD Unexempt Taxes: $7,949

  • Parking Information

    Parking: 8 Parking Features: Gravel
  • Homeowners Association Information

    HOA Type: None

  • School Information

    Elementary School: Alvord Middle School: Alvord High School: Alvord School District: Alvord ISD
  • Utility Information

    Utilities: Asphalt,City Sewer,City Water,Electricity Connected
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Disclosure: Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2026. All rights reserved

ByOwner last updated this listing 06/22/2026 @ 05:43

MLS: 563705792 LISTED BY: Thomas Gibson, CENTURY 21 Judge Fite Co.- Decatur 817-885-0871 SOURCE: NTREIS - North Texas Real Estate Information

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