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Open House • Saturday, October 17 · 1:00 PM – 3:00 PM

403 E Franklin Street

Grapevine, TX 76051 · View on map ↓

4Beds
2Baths
1,636Sqft
$650,000
MLS# 21392222

Overview

4 / 2
Bed / Bath / Gar
1,636
Sq Ft
1968
Year Built
0.168 acres
Lot Size
14
CDOM
Single Family
Type

Open House

  • Saturday, October 17 · 1:00 PM – 3:00 PM

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 $2,136 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.

Mortgage Calculator

20% · $130,000
0%50%
Principal & Interest$3,287(83%)
Property Tax$404(10%)
Homeowner's Insurance (est.)$271(7%)
Est. Monthly Payment$3,962/mo
Est. Monthly$3,962

Estimate only — contact a lender for actual rates and terms.

Rooms

Primary Bedroom
1 x 1 / 1
Primary Bedroom
1 x 1 / 1
Bedroom
11 x 11 / 1
Bedroom
1 x 1 / 1
Living Room
11 x 11 / 1
Dining Room
8 x 6 / 1
Dining Room
8 x 6 / 1
Appliances
Dishwasher, Electric Range, Disposal
Interior Features
Granite Counters, High Speed Internet, Open Floorplan, Cable Tv
Flooring
Luxury Vinyl Plank
Laundry
Electric Dryer Hookup, Laundry In Utility Room, Stacked
Window Features
Window Coverings
Heating
Central, Electric
Cooling
Central Air, Electric
Utilities
Sewer Available, Water Available, Cable Available
Architectural Style
Ranch, Historic Antique
Construction
Brick, Wood Siding
Roof
Composition
Foundation
Slab
Pool
None
Levels
One
Stories
1
Carport Spaces
2
Covered Spaces
2

Schools

Elementary
Cannon (Grapevine-Colleyville ISD)
Middle
Grapevine (Grapevine-Colleyville ISD)
High
Colleyville Heritage (Grapevine-Colleyville ISD)

Price & Status History

DateEventPrice
10/1/2026Listed for sale
Source: NTREIS #21392222
$650,000

Nearby Properties

Listed by Sue Wykes · Coldwell Banker Realty
Source: NTREIS · MLS#: 21392222

Information deemed reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) program of NTREIS. Real estate listings held by brokerage firms other than Sirka.com are marked with the IDX logo and detailed information about them includes the name of the listing brokers.

© 2026 North Texas Real Estate Information Systems, Inc. All Rights Reserved.

4bed
2bath
$650,000
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