403 E Franklin StreetGrapevine, TX 76051

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.

Property Information

Property type

Residential

Sub-type

Single Family Residence

Style

Ranch

Year built

1968

Living area

1,636 Sq Ft

Lot size

0.17 acres

Days on market

13

MLS^® Listing#

21392222

Property Features

Interior

Granite Counters · Open Floorplan · High Speed Internet

Appliances

Dishwasher · Disposal · Electric Range

Cooling

Central Air · Electric

Heating

Central · Electric

Flooring

Vinyl

Parking

Carport

Laundry

Electric Dryer Hookup

Fencing

Back Yard · Wood

Lot features

Interior Lot · Landscaped · Subdivided

Construction

Wood Siding · Brick

Foundation

Slab

Roof

Composition

Windows

Window Coverings

Utilities

Cable Available

Sewer

Public Sewer

Water source

Public

Schools

Elementary

Cannon

Middle

Grapevine

High

Colleyville Heritage

District

Grapevine-Colleyville ISD

Financial Details

Annual taxes

$4,849

Parcel number

04536517

Directions

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