717 E Texas Street, Grapevine, TX 76051
Local realty services provided by:CENTURY 21 Middleton
Listed by: kelsey cretsinger682-847-1396
Office: bray real estate-ft worth
MLS#:21135288
Source:GDAR
Price summary
- Price:$1,650,000
- Price per sq. ft.:$203.2
About this home
Investor Opportunity – 8-Unit Apartment in Grapevine! Located near Historic Downtown Grapevine, this fully occupied 8-unit multifamily property offers a rare opportunity to acquire a stabilized, income-producing asset in one of the area’s most desirable rental markets. The property consists of two quadraplex buildings on one tax ID, providing efficient operations and long-term investment appeal. The unit mix includes a combination of 2- and 3-bedroom floorplans, offering functional layouts that appeal to a wide tenant base. All units are currently leased, allowing investors to step into immediate cash flow with minimal disruption. Residents enjoy convenient access to downtown Grapevine’s restaurants, shopping, and entertainment, as well as major employment corridors and transportation routes. Strong occupancy, proven rental demand, and a prime Grapevine location make this property a compelling option for local investors, portfolio buyers, and 1031 exchange opportunities. This is a rare chance to own a small-scale apartment asset in a high-demand submarket with long-term upside. Property has been operated as part of a larger multifamily portfolio. Income is supported by current rent rolls. Certain operating expenses have historically been shared at the portfolio level and have been normalized for stand-alone review. Detailed financial information, including rent rolls and portfolio T-12, is available upon request and subject to buyer due diligence. ***Seller Financing NOT available***
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Home facts
- Year built:1985
- Listing ID #:21135288
- Added:44 day(s) ago
- Updated:March 02, 2026 at 12:46 PM
Rooms and interior
- Bedrooms:18
- Total bathrooms:10
- Full bathrooms:10
- Flooring:Carpet, Vinyl
- Kitchen Description:Disposal, Electric Range, Refrigerator
- Living area:8,120 sq. ft.
Heating and cooling
- Cooling:Ceiling Fans, Central Air, Electric
- Heating:Central, Electric
Structure and exterior
- Roof:Composition
- Year built:1985
- Building area:8,120 sq. ft.
- Lot area:0.46 Acres
- Construction Materials:Brick
- Foundation Description:Slab
- Levels:2 Story
Schools
- High school:Colleyville Heritage
- Middle school:Grapevine
- Elementary school:Cannon
Finances and disclosures
- Price:$1,650,000
- Price per sq. ft.:$203.2
- Tax amount:$15,498
Features and amenities
- Appliances:Disposal, Electric Range, Refrigerator
- Amenities:Fire Alarm, Fire Sprinkler System, Window Coverings
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