
Land with Home for Sale in Alvarado, Texas
4612 County Road 616, Alvarado, TX 76009
Exceptional income-producing investment opportunity on 6 acres in Alvarado featuring a 10-unit mobile home park with strong cash-flow potential and long-term upside. The property includes 6 double-wide and 4 single-wide manufactured homes, comprised of nine 3-bedroom, 2-bath units and one 2-bedroom, 1-bath unit, offering an attractive unit mix for sustained tenant demand. Improvements include a 30x40 metal building, one two-car garage, one one-car garage, and six portable storage buildings, adding functional value and additional utility for operations or tenant use.
Infrastructure enhancements include underground internet service through Johnson County Electric Cooperative, supporting modern tenant needs. Nine of the ten homes feature metal roofs, reducing long-term maintenance concerns and improving durability. Established rental income with value-add potential through operational improvements, rent optimization, or future site expansion. Positioned in a growing market with continued demand for affordable housing, this asset presents an ideal opportunity for investors seeking stable returns and portfolio growth. Convenient access to major thoroughfares enhances tenant accessibility while maintaining a desirable rural setting. Rare chance to acquire a scalable manufactured housing investment with immediate income and future appreciation potential
Location
- Street address
- 4612 County Road 616
- County
- Johnson County
- Community
- MD Dicky
- Elevation
- 694 feet
Directions
Stay on US-287 South toward Alvarado.
Take the exit for FM 917, County Road 616 area.
Turn onto FM 917 heading toward Lillian.
Turn onto County Road 616.
Continue down CR 616, the property will be on your route near 4612 County Road 616.
Property details
- Acreage
- 6 acres
- MLS #
- NTREIS 21217452
- Posted
Parcels
- 126-0195-06290
Legal description
ABST 195 TR 74A M D DICKEY
Resources
Details and features
Listing
- Type
- Residential Multi Family
- Franchise
- Century 21 Real Estate
Exterior
- Parking Spaces
- 10
- Parking
- Garage
- Features
- Awning(s), Balcony
Structure
- Stories
- 1
- Heating
- Electric, Fireplace(s)
- Materials
- Aluminum Siding
- Roof
- Metal
Interior
- Rooms
- Bathroom x 5, Bedroom x 5
- Fireplaces
- Yes
- Appliances
- Dishwasher, Microwave, Range, Washer
Nearby schools
| Name | Type |
|---|---|
| Alvarado N | Elementary |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| May 19, 2026 | New listing | $1,500,000 | — | NTREIS |



























