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.
Listed By
Agency Name: Coldwell Banker Realty
Agency Contact: 817-329-9005
Agent Name: Sue Wykes
Shown By
Agency Title: Kelly, Realtors
Agency Phone: (254) 741-1500
Agency Email: info@kellyrealtors.com
Agency Text: (254) 717-6447
Estimated Payment
$ 1,636.20 per month $1,446.62 Principal & Interest $0.00 Property Tax (data not provided by mls) $189.58 Homeowner's InsuranceIf the email address was found in our system, your password has been sent. Please check your inbox.
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403 E Franklin Street | MLS# 21392222
This single family home located at 403 E Franklin Street, Grapevine, TX 76051 is currently listed for sale with an asking price of $650,000. This property was built in 1968 and has 4 bedrooms and 2 full baths with 1612 sq. ft. E Franklin Street is located in the Jenkins & Yates Sub subdivision within the Grapevine-Colleyville ISD school district. Search Jenkins & Yates Sub real estate on www.kellyrealtors.com today.