412 W Franklin Street Alvord, TX $ 590,000
412 W Franklin Street
$ 590,000
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412 W Franklin Street

Alvord, TX, 76225
$ 590,000
Bedrooms9 Baths6.0

Monthly Estimate*

$ 3,633

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Multi-Family Home for sale in Alvord, TX

for $590,000 with 9 bedrooms and 6 full baths. This home was built in 2019 on a lot size of 0.223.

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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Multi-Family Active

Price

$ 590,000

Bedrooms

9

Full Bath

6

Property Type

Multi-Family

Taxes

$ 7,949

Style

Triplex

Lot Size

0.223

Year Built

2019

Town/City

Alvord

County/Region

Wise

MLS | Web ID

21293554

Features
Interior
Interior Features High Speed Internet Available
Flooring Wood
Total Units 3
Half Baths 0
Total Bedrooms 9
Total Baths 6
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General
Heating Central Electric
Complex Name NA
Cooling Central Air Electric
Utilities Asphalt City Sewer City Water Electricity Connected
Possession Closing/Funding
Roof Metal
Appliances Dishwasher Disposal Electric Range
School District Alvord ISD
Pool Y/N 0
Year Built 2019
Levels One
Property Subtype Triplex
Subdivision Name Original Alvord
Occupant Type Tenant
County Wise
Property Type Residential Income
Construction Materials Brick Wood
Year Built Details Preowned
HOA Type None
# of Buildings 1
Full Baths 6
Status Active
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
City Alvord
Elementary School Name Alvord
High School Alvord
Elementary School Alvord
Standard Status Active
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Exterior
Waterfront 0
Parking Features Gravel
Foundation Slab
Building Area Total 3395.00
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Internal Only
Street Number 1 412
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* Excluded Features
List By
Thomas Gibson

Listing Agent

Century 21 Judge Fite Co.- Decatur

Broker

Affordability Calculator

$4,295
Per Month
85%
15%
0%
Monthly Principal & Interest
$3,633
Monthly Property Taxes
$662
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
287029 Elementary School
5136218 Middle School
Pricing History
DatePricePrice ChangeDescription
6/6/2026$590,000 Listed Price

Map


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412 W Franklin Street, Alvord, TX, 76225 is a Multi-Family Home for sale at $590,000 with a lot size of 0.223. 412 W Franklin Street has 9 bedrooms, 6.0 baths, and was built in 2019. The property's zip code is 76225 which is in Alvord, TX