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Mike Bowman

[email protected] +1(817) 328-2342

$650,000

Est. payment - /mo

4 Beds

2 Baths

1,612 SqFt

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Sat Oct 03, 12:00pm - 2:00pm

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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.

Location

State TX

County Tarrant

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

Rooms

Dining Room 2

Interior

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

Heating Central, Electric

Cooling Central Air, Electric

Flooring Luxury Vinyl Plank

Appliance Dishwasher, Disposal, Electric Range

Heat Source Central, Electric

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

Exterior

Carport Spaces 2

Fence Back Yard, Wood

Utilities Available Cable Available, City Sewer, City Water

Roof Type Composition

Total Parking Spaces 2

Garage No

Building

Lot Description Interior Lot, Landscaped, Subdivision

Story One

Foundation Slab

Level or Stories One

Structure Type Brick,Wood

Schools

Elementary Schools Cannon

Middle Schools Grapevine

High Schools Colleyville Heritage

School District Grapevine-Colleyville Isd

Others

Restrictions Architectural,Building

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Sue Wykes • Coldwell Banker Realty

Nearby School & Business

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Mike Bowman

+1(817) 328-2342

Broker License ID: 0273938

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403 E Franklin Street Grapevine, TX 76051

Mike Bowman

Open House

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby School & Business

Get More Information