403 E Franklin Street, Grapevine, TX 76051
Local realty services provided by:Better Homes and Gardens Real Estate Edwards & Associates
Listed by: sue wykes
Office: coldwell banker realty
MLS#:21392222
Source:GDAR
Price summary
- Price:$650,000
- Price per sq. ft.:$403.23
About this home
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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Home facts
- Year built:1968
- Subdivision & Development:Jenkins & Yates Sub
- Listing ID #:21392222
- Added:1 day(s) ago
- Updated:October 03, 2026 at 12:42 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:2
- Full bathrooms:2
- Flooring:Luxury Vinyl Plank
- Kitchen Description:Dishwasher, Disposal, Electric Range
- Living area:1,612 sq. ft.
Heating and cooling
- Cooling:Central Air, Electric
- Heating:Central, Electric
- Central air:Yes
Structure and exterior
- Roof:Composition
- Year built:1968
- Building area:1,612 sq. ft.
- Lot area:0.17 Acres
- Lot Features:Interior Lot, Landscaped, Subdivision
- Architectural Style:Ranch
- Construction Materials:Brick, Wood Siding
- Foundation Description:Slab
- Levels:1 Story
Schools
- High school:Colleyville Heritage
- Middle school:Grapevine
- Elementary school:Cannon
Finances and disclosures
- Price:$650,000
- Price per sq. ft.:$403.23
- Tax amount:$4,849
Features and amenities
- Appliances:Dishwasher, Disposal, Electric Range
- Amenities:Window Coverings
Parking
- Carport spaces:2
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