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$650,000

403 E Franklin St Apt A, Grapevine, TX, 76051

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths2 Bath
Baths1,612 Sq Ft
DuplexDuplex
price_per_sqft$403.23 / sqft
Year BuiltBuilt in 1968

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Electric Water Heater, Disposal
FlooringLuxury Vinyl Plank

Exterior

Lot Size7,301 sqft

Building Information

Year Built1968
Stories1
Garage Spaces2

Land Information

APN21610-33-9A
Lot Number9A
SubdivisionJenkins & Yates Subdivision
Land UseResidential
Legal DescriptionJENKINS & YATES SUBDIVISION LOT 9A
Census Tract113712
Assessed Land Value$180,000
Assessed Improvement Value$129,000
Assessment Year2025

About this property

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 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. 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 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.

Investor Tools

$119,137Estimated Mortgage Balance
$420,863Estimated Equity
77% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,900 /month
Positive
Cash Flow Estimate:
$1,300 /month

Interested in this property?

Sue Wykes

Coldwell Banker Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$629/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,849
$309,000
2025
$180,000
$129,000
$309,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,849
$309,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Conventional
$150,000
No
First
Dec 21, 2016
Jan 2047

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$119,137
$420,863
77%
22%
$900/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,190/mo
$900/mo
+$2,290/mo
7.1%

City: Grapevine