2019 Triplex with Three-Bed
412 West Franklin Street Alvord, TX 76225
412 West Franklin Street, Alvord, TX, 76225
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For Sale
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Modern 2019-built triplex with three-bedroom, two-bath units, individual HVAC, and electric washer/dryer connections.
Property Size3,395 SF
Price / SF$173.78
Days on Market13
Property Features for 412 West Franklin Street
General Information
- Standard status
- Active
- Size
- 3,395 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2019
Listing agency
CENTURY 21 Judge Fite Company
(817) 885-0871
Listed by
Thomas Gibson · License #0496389
Source
Crexi
Added: Jul 10 Updated: Jul 21 at 10:21PM Checked: Jul 21 at 10:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 Judge Fite Company
Investment Insights
Based on property information with market context.
Built in 2019, this triplex includes three residential units. Each unit is designed with three bedrooms and two full bathrooms, plus spacious living areas and separate kitchen nooks for dining. Units come equipped with electric range appliances, electric washer and dryer connections, individual HVAC systems, and additional storage space. A durable metal roof supports the property’s exterior.
Located at 412 West Franklin Street in Alvord, Texas, the property offers a newer-construction configuration for buyers seeking a residential income asset in a small-town setting with access to North Texas employment and growth corridors.
Located at 412 West Franklin Street in Alvord, Texas, the property offers a newer-construction configuration for buyers seeking a residential income asset in a small-town setting with access to North Texas employment and growth corridors.
Key Highlights
- 2019‑built triplex in Alvord, TX
- Each unit features approx. 1,224 SF with 3 bedrooms and 2 full bathrooms
- Individual HVAC systems for each unit
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 | $41.1k | $12.12 |
| − Vacancy | −$4.6k | −$1.36 |
| EGI | $36.5k | $10.76 |
| − OpEx | −$11.0k | −$3.23 |
| NOI | $25.6k | $7.53 |
3,395 SF · lease $12.12/SF/yr · vacancy 11.21% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$365.3K
$319.7K – $426.2K
NOI $25,574 @ 7.0% cap · market cap 4.33%
Second Best
Apartment 5plus
$317.6K
$277.9K – $370.6K
NOI $22,233 @ 7.0% cap · market cap 3.77%
Theoretical Best
Hotel Hospitality
$2.56M
$2.24M – $2.98M
NOI $179,001 @ 7.0% cap · market cap 30.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Modern 2019-built triplex with three-bedroom, two-bath units, individual HVAC, and electric washer/dryer connections.
Where is this triplex located?
The property is located at 412 West 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: 2019‑built triplex in Alvord, TX; Each unit features approx. 1,224 SF with 3 bedrooms and 2 full bathrooms; Individual HVAC systems for each unit
