403 E Franklin ST, Grapevine, TX 76051
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403 E Franklin ST, Grapevine, TX 76051
403 E Franklin ST, Grapevine, TX 76051
403 E Franklin ST, Grapevine, TX 76051
403 E Franklin ST, Grapevine, TX 76051
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$ 650,000
Est. payment /mo
Open Sat 12PM-2PM

403 E Franklin ST Grapevine, TX 76051

4 Beds

2 Baths

1,612 SqFt


Open House

Sat Oct 03, 12:00pm - 2:00pm

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,612 sqft

Price per Sqft $403

Subdivision Jenkins & Yates Sub

MLS Listing ID 21392222

Style Ranch,Historic/Antique

Bedrooms 4

Full Baths 2

Construction Status Resale

HOA Y/N No

Year Built 1968

Annual Tax Amount $4,849

Lot Size 7,318 Sqft

Acres 0.168

Property Sub-Type Single Family Residence

Property Description

Rare opportunity to own a turnkey duplex in the heart of Grapevine's coveted Historic District, just two blocks from vibrant Main Street! With very few duplexes existing within the Historic District, this unique property offers incredible flexibility for an owner-occupant or investor. Built in 1968 on a slab foundation and fully renovated, each 806-square-foot unit features two bedrooms and one bath with LVP flooring throughout—no carpet—quartz countertops and fresh neutral paint for a clean, updated look. Both residences are move-in ready with no renovation required. Unit A is currently vacant, offering the perfect opportunity to live on one side while benefiting from rental income next door. Unit B is tenant-occupied with a lease in place through July 2027 at $2,000 per month. Prefer a traditional investment? Lease Unit A as well and enjoy income from both sides.
For buyers envisioning a single-family residence, there may also be an opportunity to convert the duplex into one home, as demonstrated by a neighboring property that has undergone a similar transformation. Any such conversion would be subject to applicable City of Grapevine approvals, including any necessary zoning changes, which the buyer would need to pursue after purchase. The location is exceptional—leave the car at home and walk to the restaurants, wineries, boutiques, festivals and entertainment of Historic Main Street, as well as Grapevine Faith Christian School. The property is also zoned to Grapevine-Colleyville ISD, including Colleyville Heritage High School. Whether you're looking for a home with built-in rental income, a multigenerational living option, a potential single-family conversion or a rare investment property in one of Grapevine's most desirable and walkable neighborhoods, this beautifully renovated duplex offers a combination of location, flexibility and income potential that is seldom available.

Location

State TX

County Tarrant

Direction From Main St: Two blocks East on Franklin, house is on your left.

Interior

Interior Features Granite Counters, High Speed Internet, Open Floorplan, Cable TV

Heating Central, Electric

Cooling Central Air, Electric

Flooring Luxury Vinyl Plank

Fireplace No

Window Features Window Coverings

Appliance Dishwasher, Electric Range, Disposal

Laundry Electric Dryer Hookup, Laundry in Utility Room, Stacked

Exterior

Parking Features Carport

Carport Spaces 2

Fence Back Yard, Wood

Pool None

Utilities Available Sewer Available, Water Available, Cable Available

Water Access Desc Public

Roof Type Composition

Garage No

Private Pool No

Building

Lot Description Interior Lot, Landscaped, Subdivision

Dwelling Type Duplex

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories One

Construction Status Resale

Schools

Elementary Schools Cannon

Middle Schools Grapevine

High Schools Colleyville Heritage

School District Grapevine-Colleyville Isd

Others

Tax ID 04536517

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21392222


Suzie Kim

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403 E Franklin ST