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$570,000
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Property Description
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.
Full Property Details
Full Property Details for 412 W Franklin St
General
- Price: $570,000
- Taxes: $7,949
- Status: Active
- Type: Triplex
- Source: NTREIS
- MLS ID: 21293554
- Updated: 9/30/2026
- Added to Site: 125 day(s) ago
Interior
- Interior Features: High Speed Internet
- Appliances: Dishwasher, Electric Range, Disposal
- Flooring: Wood
Rooms
Bathrooms
- Total Bathrooms: 6
- Full Bathrooms: 6
Bedrooms
- Total Bedrooms: 9
Parking
- Total Spaces: 8
- Parking Features: Gravel
Location
- County: Wise
- Subdivision: Original Alvord
- Driving 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 the right.
School Information
- Elem School District: Alvord ISD
- Midd School District: Alvord ISD
- High School District: Alvord ISD
- Elementary School: Alvord
- Middle School: Alvord
- High School: Alvord
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Electric
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Sewer Available, Water Available
Structural Information
- # Buildings: 1
- Detached/Attached: Detached
- Construction: Brick, Wood Siding
- Roof: Metal
- Stories/Levels: 1
- Square Feet: 3,395
- Sq. Ft. Source: Public Records
- Year Built: 2019
- Property Condition: Resale
Lot Features
- Lot Size (Acres): 0.223
- Lot Size (Sq. Ft.): 9,713.88
Financial Considerations
- Tax Amount: $7,949
Disclosures and Reports
- Legal Description: LOT PT 5 BLK 15 ORIGINAL ALVORD
- Exclusions: Seller financing.
- Property ID: 768308
- Block: 15
Listed by CENTURY 21 Judge Fite Co.- Decatur, Thomas Gibson
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Schools
Schools serving 412 W Franklin St
School District:Alvord Independent School District
| Name | Grades | Distance |
|---|---|---|
Alvord Elementary School 711 Stadium Drive, Alvord, TX 76225 | PK-5 | 0.2 mi |
Alvord Middle School 328 Fm 1655, Alvord, TX 76225 | 6-8 | 0.7 mi |
Alvord High School 1049 W Bypass 287, Alvord, TX 76225 | 9-12 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 412 W Franklin St
Date
Details
Price
Change
Source
8/11/2026
Price Reduced
$570,000
-3.39%
MLS
6/05/2026
Listed
$590,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 412 W Franklin St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,949
—
$479,837
-1%
2025
$7,949
-3%
$484,330
-8%
2021
$8,220
—
$525,896
11%
2021
$8,220
—
$473,752
23%
2021
$8,220
35%
$385,970
40%
2020
$6,101
270%
$275,780
296%
2018
$1,650
540%
$69,720
498%
2019
$258
-83%
$11,650
-82%
2017
$1,562
4%
$65,350
4%
2016
$1,498
-1%
$62,650
-1%
2015
$1,506
-2%
$63,370
-1%
2014
$1,534
-2%
$64,090
-1%
2013
$1,567
—
$64,810
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 412 W Franklin St
412 W Franklin Street, Alvord, TX 76225 (MLS# 21293554) is a Triplex property with 9 bedrooms and 6 full bathrooms. 412 W Franklin Street is currently listed for $570,000 and was received on June 05, 2026. Want to learn more about 412 W Franklin Street? Do you have questions about finding other Triplex real estate for sale in Alvord? You can browse all Alvord real estate or contact a Coldwell Banker agent to request more information.

