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For sale
  • $590,000

    412 W Franklin St, Alvord, TX 76225

    9beds
    3,395sqft
    : 
    $4,076/mo
    Get pre-qualified
    Triplex, Multi Family
    Built in 2019
    -- sqft lot
    $-- Zestimate®
    $174/sqft
    $-- HOA

    What's special

    Electric range appliancesThree bedroomsFunctional amenitiesDesirable unit sizesAdditional storage spaceIndividual hvac systemsDurable exterior features
    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.
    48 days
    |
    129
    |
    8
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Thomas Gibson 0496389 8178850871,

    CENTURY 21 Judge Fite Co.- Decatur 940-969-0123

    Source: NTREIS,MLS#: 21293554

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 9
      • Bathrooms: 6
      • Full bathrooms: 6
      Heating
      • Central, Electric
      Cooling
      • Central Air, Electric
      Appliances
      • Included: Dishwasher, Electric Range, Disposal
      Features
      • High Speed Internet
      • Flooring: Wood
      Interior area
      • Total structure area: 3,395
      • Total interior livable area: 3,395 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 8
      • Parking features: Gravel
      Features
      • Levels: One
      • Stories: 1
      • Pool features: None
      Lot
      • Size: 9,713 Square Feet
      Details
      • Parcel number: 768308

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Triplex, Multi Family
      Materials
      • Brick, Wood Siding
      • Foundation: Slab
      • Roof: Metal
      Condition
      • Year built: 2019

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Connected, Sewer Available, Water Available

      Community & HOA

      Community
      • Subdivision: Original Alvord
      HOA
      • Has HOA: No
      Location
      • Region: Alvord

      Financial & listing details

      • Price per square foot: $174/sqft
      • Tax assessed value: $484,330
      • Annual tax amount: $7,949
      • Date on market: 6/6/2026
      • Cumulative days on market: 49 days
      • Exclusions: Seller financing.
      • Road surface type: Asphalt

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,580/mo

        Price history

        DateEventPrice
        6/6/2026Listed for sale$590,000+807.7%$174/sqft
        Source: NTREIS #21293554 Report a problem
        3/24/2021Listing removed--
        Source: Owner Report a problem
        10/29/2019Listing removed$975
        Source: Owner Report a problem
        10/29/2019Listed for rent$975
        Source: Owner Report a problem
        9/5/2018Listing removed$65,000$19/sqft
        Source: Keller Williams Realty #13854439 Report a problem
        8/10/2018Pending sale$65,000$19/sqft
        Source: Keller Williams Realty #13854439 Report a problem
        6/18/2018Price change$65,000-7.1%$19/sqft
        Source: Keller Williams Realty #13854439 Report a problem
        4/18/2018Listed for sale$70,000$21/sqft
        Source: Keller Williams Realty #13821344 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$7,949 -9%$484,330 -7%
        2024$8,730 +2.8%$521,026 -0.9%
        2023$8,491 $525,896 +11%
        2022-- $473,752 +22.7%
        2021$8,220 +40%$385,970 +40%
        2020$5,873 +2030.4%$275,780 +2267.2%
        2019$276 -83.3%$11,650 -83.3%
        2018$1,650 +5.6%$69,720 +6.7%
        2017$1,562 $65,350
        2016-- $65,350 +3.1%
        2015-- $63,370 -1.1%
        2014-- $64,090 -1.1%
        2013-- $64,810 -1.1%
        2012-- $65,520 -2.2%
        2011-- $66,960
        2010-- $66,960 -5.1%
        2009-- $70,560
        2008-- $70,560 +5.4%
        2007-- $66,960 +121.5%
        2003-- $30,230
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 76225

        Getting around

        40 / 100
        Car-Dependent
        40 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Alvord
        • Middle: Alvord
        • High: Alvord
        • District: Alvord ISD

        Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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