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Harrison Lilly

| Harrison Lilly Realty Dallas | Harrison Lilly Realty | PLACE

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412 W Franklin St , Alvord, TX 76225
$570,000
Est. Payment: $2,934.61/mo
9 Bed
6 Bath
3395 Sqft
Status: active | Days on site: 79
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House 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.

Highlights

Listed by Thomas Gibson , CENTURY 21 Judge Fite Co.- Decatur , North Texas Real Estate Information Systems

Property Type

Multi-Family

Lot/Acreage
0.22

Year Built

2019

County

Wise

Neighborhood

Original Alvord

School District

Alvord ISD

Listing ID

21293554

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:9
  • Bathrooms:6
  • Full Bathrooms:6
Appliances:Dishwasher, Disposal, Electric Range
Air Cond:Central Air,Electric
Fireplaces:
Floor:Wood
Other:
  • Additional:High Speed Internet Available

Exterior Features

Garage Capacity:8
Roof:Metal
Others:
  • Additional:Preowned
Parking Features:Gravel
Principal Interest
$2,935
Taxes
$662

Home Price

$570,000

Loan Details

30 yrs
6.674%

Down Payment

20%
$114,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,934.61

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,934.61 $662.42 $0.00 $3,597.02
Yearly $35,215.29 $7,949.00 $0.00 $43,164.29
Total $1,056,458.71 $238,470.00 $0.00 $1,294,928.71

Today's Rates

30 Year

6.67%

20 Year

6.37%

15 Year

5.93%

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Market insight data is pulled from the same city as the listing being viewed (Alvord, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by North Texas Real Estate Information Systems Multiple Listing Service, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-24T21:21:41.390Z

© 2026 North Texas Real Estate Information Systems