403 E Franklin Street Grapevine, TX 76051 Open Sat 12PM-2PM
UPDATED: 10/01/2026 08:10 PM ON SITE: 1 days on site
$650,000
4 Beds2 Baths1,612 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,612 sqft
Subdivision Jenkins & Yates Sub
MLS Listing ID 21392222
Style Ranch
Bedrooms 4
Full Baths 2
HOA Y/N None
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.
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