Modern Triplex with Individual
412 W Franklin Street Alvord, TX 76225
New
412 W Franklin Street, Alvord, TX, 76225
$590,000
For Sale
$590,000
MULTI_FAMILY - Alvord, TX
Property Size3,672 SF
Lot Size0.22 Acres
Price / SF$160.68
Days on Market7
Property Features for 412 W Franklin Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Bedrooms
- 9
- Bathrooms
- 6
- Rooms
- Bathroom 6, Bedroom 1, Bathroom 1, Bedroom 7, Bedroom 4, Bedroom 3, Bedroom 6, Bedroom 8, Bathroom 4, Bathroom 2, Bedroom 9, Bedroom 5, Bathroom 5, Bedroom 2, Bathroom 3
- Parking
- 8
- Interior features
- HighSpeedInternet
- Appliances
- Dishwasher, ElectricRange, Disposal
- Standard status
- Active
- APN
- 768308
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Description
- LOT PT 5 BLK 15 ORIGINAL ALVORD
- Tax Annual Amount
- 7949
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 2019
- Floors in Building
- 1
- Number of units
- 3
- Flooring type
- Wood
- Building materials
- Brick, WoodSiding
- Roof type
- Metal
Listing agency
CENTURY 21 Judge Fite Co.- Decatur
(940) 969-0123
Listed by
Thomas Gibson
(214) 920-9611
Added: Jul 15 Updated: Jul 17 at 1:45PM Checked: Jul 21 at 7:06PM
MLS# 21293554
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2019, this triplex at 412 W Franklin Street in Alvord, Texas features three residential units in a modern construction design. Each unit is laid out with three bedrooms and two full bathrooms, along with a spacious living area and a kitchen nook for dining. Kitchens include electric range appliances, and each home offers electric washer and dryer connections to support convenient in-home laundry setups. For tenant comfort and maintenance practicality, every unit is equipped with its own HVAC system. The exterior includes a durable metal roof, and the property also provides additional storage space for residents.
The property sits on approximately 0.223 acres in Alvord, Wise County. As a newer multifamily asset, it may appeal to buyers looking to reduce deferred-maintenance exposure typically associated with older properties.
For tenants, the combination of individual HVAC and functional in-unit laundry connections can help support day-to-day comfort and convenience. For investors, the unit mix, appliance package, and separate systems across all three homes offer a straightforward configuration for managing residential income housing within a triplex format.
The property sits on approximately 0.223 acres in Alvord, Wise County. As a newer multifamily asset, it may appeal to buyers looking to reduce deferred-maintenance exposure typically associated with older properties.
For tenants, the combination of individual HVAC and functional in-unit laundry connections can help support day-to-day comfort and convenience. For investors, the unit mix, appliance package, and separate systems across all three homes offer a straightforward configuration for managing residential income housing within a triplex format.
Key Highlights
- Triplex built in 2019 with modern construction and durable brick and wood siding exterior
- Each unit offers approximately 1,224 SF with 3 bedrooms and 2 full bathrooms
- Each unit includes electric range appliances, dishwasher, and disposal
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.5k | $12.12 |
| − Vacancy | −$5.0k | −$1.36 |
| EGI | $39.5k | $10.76 |
| − OpEx | −$11.9k | −$3.23 |
| NOI | $27.7k | $7.53 |
3,672 SF · lease $12.12/SF/yr · vacancy 11.21% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$395.2K
$345.8K – $461.0K
NOI $27,661 @ 7.0% cap · market cap 4.69%
Second Best
Apartment 5plus
$343.5K
$300.6K – $400.8K
NOI $24,047 @ 7.0% cap · market cap 4.08%
Theoretical Best
Hotel Hospitality
$2.77M
$2.42M – $3.23M
NOI $193,606 @ 7.0% cap · market cap 32.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Built in 2019, this triplex provides three bedrooms, two baths, and in-unit HVAC for tenant-controlled comfort.
Where is this triplex located?
The property is located at 412 W Franklin Street Alvord, TX.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: Triplex built in 2019 with modern construction and durable brick and wood siding exterior; Each unit offers approximately 1,224 SF with 3 bedrooms and 2 full bathrooms; Each unit includes electric range appliances, dishwasher, and disposal
