717 E TEXAS STREET, GRAPEVINE, TX 76051
Homes for sale in Grapevine.
Homes for sale in 76051.
717 E Texas Street
Grapevine, TX 76051
List Price$1,650,000
Listing #21135288
About This Property
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***
Property Features
Location Information
County
Tarrant
Subdivision
College Heights Add
Interior Features
Interior
High Speed Internet, Cable TV
Cooling
Central Air, Ceiling Fan(s), Electric
Full Baths
10
Floors
Carpet, Vinyl
Has Fireplace
No
Appliances
Electric Range, Disposal, Refrigerator
Number of Fireplaces
0
Total Number of Units
8
Heating
Central, Electric
Exterior Features
Stories
2
Garage Spaces
0
Construction
Brick
Pool Description
None
Foundation
Slab
Lot Size in Acres
0.46
Roof
Composition
Lot Size in Sq. Ft.
20,037
Water / Sewer
Sewer Available, Water Available, Cable Available
Buildings
2
Utilities
Sewer Available, Water Available, Cable Available
Building Total Area (Sq. Ft.)
8,120
Security System
Fire Alarm, Fire Sprinkler System
Is One Story
No
Parking Description
Concrete, Parking Lot
Windows Description
Window Coverings
School
Elementary School District
Grapevine-Colleyville ISD
Jr. High School
Grapevine
Elementary School
Cannon
High School
Colleyville Heritage
Additional Information
Year Built Details
Preowned
Has a Home Owners Association
No
Property Type
RI
Tax Annual Amount
15498.0
Property SubType
Apartment
Exclusions
washer and dryer units are common use and being leased. Not part of the sale.
Year Built
1963
Community Features
Community Mailbox
Status
Active
Lot Acres Source
Public Records
Similar Listings
Mortgage Calculator
$7,705
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$5,945
Monthly Tax
$1,375
Monthly Insurance
$385
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
Listing courtesy of
Kelsey Cretsinger, Bray Real Estate-Ft Worth
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NTREIS - North Texas data last updated at January 17, 2026, 7:21 AM CT
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