717 E Texas St Grapevine, TX 76051
Estimated payment $9,767/month
Highlights
- 0.46 Acre Lot
- Central Heating and Cooling System
- High Speed Internet
- Cannon Elementary School Rated A
- Ceiling Fan
- Carpet
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***
Listing Agent
Bray Real Estate-Ft Worth Brokerage Phone: 682-847-1396 License #0802165 Listed on: 01/15/2026
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $15,498
Year Built
- Built in 1985
Lot Details
- 0.46 Acre Lot
Parking
- Parking Lot
Home Design
- Brick Exterior Construction
- Slab Foundation
- Composition Roof
Interior Spaces
- 2-Story Property
- Ceiling Fan
- Window Treatments
Kitchen
- Electric Range
- Disposal
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 18 Bedrooms
- 10 Full Bathrooms
Home Security
- Fire and Smoke Detector
- Fire Sprinkler System
Schools
- Cannon Elementary School
- Grapevine Middle School
- Colleyville Heritage High School
Utilities
- Central Heating and Cooling System
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block 12R / 105
- Assessor Parcel Number 04411676
Community Details
Overview
- 2 Buildings
- 8 Units
- 8,120 Sq Ft Building
- College Heights Add Subdivision
Amenities
- Community Mailbox
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/16/2026 01/16/26 | For Sale | $1,650,000 | -- | $203 / Sq Ft |
Source: North Texas Real Estate Information Systems (NTREIS)
MLS Number: 21135288
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Ask me questions while you tour the home.