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Property Details:

County or Parish
Tarrant
Lot Size
Less Than .5 Acre (not Zero)
Lot Size (Acres)
0.1680
Lot Size Area
0.1680
Lot Size (Square Feet)
7318.0800
Association Type
None
Restrictions
Architectural,Building

School Information:

School District
Grapevine-Colleyville ISD
Elementary School
Cannon
Middle School
Grapevine
High School
Colleyville Heritage

Interior Information:

Appliances
Dishwasher,Disposal,Electric Range
Heating
Central,Electric
Cooling
Central Air,Electric
Fireplaces Total
0
Flooring
Luxury Vinyl Plank
Interior Features
Cable TV Available,Granite Counters,High Speed Internet Available,Open Floorplan

Exterior Information:

Architectural Style
Ranch
Lot Features
Interior Lot,Landscaped,Subdivision
Lot Size
Less Than .5 Acre (not Zero)
Acres
0.1680
Pool
No
Waterfront
No

Map

Flood information: FEMA National Flood Hazard Layer (NFHL). Coverage varies; no shading does not mean no flood risk. This map is informational, not an official flood determination for insurance or lending. Verify current maps at the FEMA Map Service Center.

MLS 21392222

403 E Franklin Street

Grapevine, Texas
$625,000
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Type: Residential
Beds: 4 Baths: 2.00 Living: 2 Dining: 2
Gar: 0 SqFt: 1,636 Year Built: 1968
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 $2,136 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.
Active
Listed by: Sue Wykes
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Tony C Hager

Tony C Hager

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