Active

403 E Franklin Street

Grapevine, Texas 76051
Mark as Favorite
Bed 4

Bed

Bath 2

Bath

SqFt1,612

Sqft

Acres0.17

Acre(Lot)

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 t raditional 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.

Read More Expand
Tour with a ByOwner Agent

Detail Ic Property Details

Property Type : Residential

Price : $650,000

AD Id : 91588091

MLS Id : 574677511

Beds : 4

Lot Size : 0.17 Acre

Living Area Size : 1,612 Sq. Ft

Year Built : 1968

County : Tarrant

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bedroom Information

    Total Bedrooms: 4 Window Features: Window Coverings

    Bathroom Information

    Total Baths: 2 Full Baths: 2 Half Baths: 0
  • Interior Features

    Cable TV Available,Granite Counters,High Speed Internet Available,Open Floorplan

    Appliances

    Dishwasher,Disposal,Electric Range

    Utilities

    Cable Available,City Sewer,City Water
  • Cooling Features

    Central Air,Electric

    Heating Source

    Central,Electric

    Fireplace

    Number of Fireplaces: 0

  • Building Information

    Built Year: 1968 Construction: Brick,Wood Roof Type: Composition
  • Foundation

    Slab
  • Laundry Features

    Electric Dryer Hookup,Utility Room,Stacked W/D Area

    Fencing

    Back Yard,Wood

    Construction Materials

    Brick,Wood

  • Lot Information

    Lot Size (Acr): 0.1680 Lot Size Units: Acres Lot Size Square Feet: 7,318 Lot Features: Interior Lot,Landscaped,Subdivision
  • Property Information

    SQ ft (Living Area): 1,612 Property Type: Residential Property Sub Type: Single Family Residence Architectural Style: Ranch Subdivision: Jenkins & Yates Sub City: Grapevine State: Texas Directions: From Main St: Two blocks East on Franklin, house is on your left. Property Status: Active Exclusions: Unit A: Shed in backyard, Refrigerator in kitchen Levels: One Property Age: 58 Year Built Details: Preowned

  • Listing Price Information

    Original List Price: $650,000 List Price Tot SqFt: $403
  • Listing Information

    Possession: Closing/Funding

  • Tax Information

    Parcel Number: 04536517 Tax Legal Description: JENKINS & YATES SUBDIVISION LOT 9A Tax Lot: 9A Unexempt Taxes: $4,849

  • Parking Information

    Garage Space: 0 Carport Spaces: 2 Parking Features: Carport
  • Homeowners Association Information

    HOA Type: None

  • School Information

    Elementary School: Cannon Middle School: Grapevine High School: Colleyville Heritage School District: Grapevine-Colleyville ISD
  • Utility Information

    Utilities: Cable Available,City Sewer,City Water
Sell a home like this and save $38,501 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
821 Lovers Lane, Grapevine, TX, 76051 $360,000 3 2 1,291 0.25 Acre
875 Lovers Lane, Grapevine, TX, 76051 $449,000 3 2 1,520 0.15 Acre
809 E Wall Street, Grapevine, TX, 76051 $528,000 3 2 1,068 0.21 Acre
612 E Wall Street, Grapevine, TX, 76051 $379,000 2 2 906 0.16 Acre
422 Smith Street, Grapevine, TX, 76051 $740,000 3 2 1,517 0.24 Acre
2934 Kosse Court, Grapevine, TX, 76051 $1,499,999 4 5 3,657 0.13 Acre
2982 Kosse Court, Grapevine, TX, 76051 $1,469,900 4 5 3,371 0.15 Acre
2947 Kosse Court, Grapevine, TX, 76051 $1,159,000 4 4 2,894 0.20 Acre
1103 Bellaire Drive, Grapevine, TX, 76051 $390,000 2 1 814 0.23 Acre
915 Oak Cliff Drive, Grapevine, TX, 76051 $339,999 3 2 1,507 0.17 Acre
MLS Logo

Disclosure: Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2026. All rights reserved

ByOwner last updated this listing 10/06/2026 @ 06:58

MLS: 574677511 LISTED BY: Sue Wykes, Coldwell Banker Realty 800-257-1242 SOURCE: NTREIS - North Texas Real Estate Information

Homes around $650,000

Selling? Save $38,501 when you sell a home like this

Tour with a ByOwner Agent