Listing provided courtesy of CENTURY 21 Judge Fite Co.- Decatur- MLS# 21293554MLS ProviderContact Information: Thomas Gibson - 8178850871

412 W Franklin StreetAlvord, TX 76225

Multi-Family · 9 Beds · 6 Full Baths · 3,395 Sq. ft. | 0.22 Acres
$590,000 Active

412 W Franklin Street Overview

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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 is 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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412 W Franklin Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 3,395
  • Price/Sq.ft. $174
  • Lot 0.22 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Alvord ISD
  • Elementary School: Alvord
  • Middle Or Junior School: Alvord
  • High School: Alvord

Income/Expenses

  • Gross Income: 45600.0
  • Insurance Expense: 4000.0
  • Net Operating Income: 31650.0

Building Information

  • Year Built: 2019
  • Year Built Details: Preowned

Location/Region

  • Country: US
  • County Or Parish: Wise
  • Postal City: ALVORD
  • Subdivision Name: Original Alvord

Tax Information

  • Tax Annual Amount: 7949.0

General Information

  • Parcel Number: 768308
  • Property Sub Type: Triplex
  • Property Type: Residential Income

Interior

Beds/Baths

  • Bathrooms Full: 6
  • Bathrooms Half: 0
  • Bathrooms Total: 6
  • Bedrooms Total: 9

Building Interior

  • Building Area Source: Public Records
  • Building Area Total: 3395.0

General Information

  • Appliances: Dishwasher,Electric Range,Disposal
  • Flooring: Wood
  • Foundation Details: Slab
  • Interior Features: High Speed Internet
  • Levels: One
  • Stories: 1

Exterior

Parking Information

  • Parking Features: Gravel
  • Parking Total: 8.0

Lot Information

  • Lot Size Acres: 0.223
  • Lot Size Area: 0.223
  • Lot Size Square Feet: 9713.88
  • Lot Size Units: Acres
  • Number Of Buildings: 1
  • Road Surface Type: Asphalt
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick,Wood Siding
  • Roof: Metal

General Information

  • Number Of Units Total: 3
  • Pool Features: None
  • Sewer: Public Sewer
  • Utilities: Electricity Connected,Sewer Available,Water Available

Unit Information

Unit 1 Details

  • Unit Type: 3 Bedroom
  • Units Total: 3

Unit 2 Details

  • Unit Type: 3 Bedroom
  • Units Total: 2

Unit 3 Details

  • Unit Type: 3 Bedroom
  • Units Total: 1

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

412 W Franklin Street Market Data

Based on the last 30 days in this zip code

$602,751
Average List Price
$280
Average Price per Square Foot
4
Properties Sold
146
Average Days on Market
72
Properties for Sale
Calculations provided by Reliance Network


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