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$590,000
9 Beds 6 Baths 21293554 MLS
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.

412 W Franklin St, Alvord

$435,000
5 Beds 3 Baths 21279220 MLS
Live large and unlock the possibilities with this unique property featuring two separate homes on one oversized, fully fenced lot, perfect for multi-generational living, investment potential, or living in one home while generating rental income from the other. The spacious 2,800 sq. ft. main home offers 3 bedrooms and 2 bathrooms with multiple living spaces including formal living, dining, and a family room. The kitchen is filled with character and functionality featuring beautiful 42-inch solid wood cabinets, ample storage, and generous workspace. Fresh interior paint adds a bright, refreshed feel throughout the home. Step outside and enjoy expansive front and back yards, two storage sheds, and plenty of room to spread out and make the property your own. Located outside city limits, this property offers country-style living with more freedom and fewer restrictions. The second residence is a private 800 sqft standalone cottage featuring 2 bedrooms and 1 bathroom with its own entrance, fenced yard, and dedicated parking. Currently tenant occupied, this income-producing cottage offers immediate rental potential and serves as an excellent option for extended family, guests, or supplemental income. Each home is independently metered, adding convenience and true income-producing flexibility. The property also includes a 2-car carport and several major system updates including HVAC systems less than 10 years old, water heaters less than 2 years old, and a well pump replaced in September 2025. PLUS: Seller is offering a $20,000 buyer credit that can be used toward closing costs, buy-down or cosmetic updates. This is a rare opportunity to own a versatile property that combines space, privacy, and income potential all in one. Live large while owning a property that can help pay for itself. Schedule your showing today before it’s gone!

214 County Rd 4870, Newark

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Wise Multi-Family Real Estate

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