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412 Franklin Street

Alvord, TX 76225

$550,000

3 units · 2019

Units3
Building area3,395 sq ft
Year built2019
Gross income$45,600/yr
Cap rate5.75% as listed
Parking8 spaces
Lot size0.223 acres
TypeTriplex

What it costs to own

Taxes$7,949 per year
HOANone listed
Operating expenses$13,950 per year — as listed
Insurance$4,000 per year — as listed
Net operating income$31,650 per year — as listed

Taxes shown reflect the current owner's exemptions and may change after purchase.

About this home

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.

The details

HeatingCentral, Electric
CoolingCentral Air, Electric
FlooringWood
AppliancesDishwasher, Disposal, Electric Range
Interior featuresHigh Speed Internet Available

Construction materialsBrick, Wood
RoofMetal
FoundationSlab

Water sourceCity Water
SewerCity Sewer
ElectricElectricity Connected

SubdivisionOriginal Alvord

ElementaryAlvord
Middle schoolAlvord
High schoolAlvord
DistrictAlvord ISD

Gross income$45,600 per year
Operating expenses$13,950 per year
Insurance$4,000 per year
Cap rate5.75% — as listed
Net operating income$31,650 per year

MLS #21293554
Source
Price changeReduced by $20,000 · Oct 19, 2026
On the market136 days
CountyWise

Around this home

One moment…

Everyday life

Nearest groceryBrookshire's · 9.9 mi
Nearest parkElm Creek Park · 0.4 mi

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Listing courtesy of CENTURY 21 Judge Fite Co.- Decatur — Thomas Gibson.

Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21293554. Information last updated October 19, 2026.

Based on information submitted to the MLS as of the date above. All data is obtained from various sources and may not have been verified by the broker or NTREIS. Supplied data is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing.

Ink Realty Group is brokered by eXp Realty.

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