As-Is Duplex with 6
1233 West Hudgins Street Grapevine, TX 76051
1233 West Hudgins Street, Grapevine, TX, 76051
$450,000
For Sale
$450,000
Duplex offered as-is, featuring 3 bedrooms and 2 baths on each side for a total of 6 bedrooms and 4 baths.
Property Size2,964 SF
Price / SF$151.82
Days on Market31
Property Features for 1233 West Hudgins Street
General Information
- Standard status
- Active
- Size
- 2,964 SF
- Property subtype
- Multi-Family / Full Duplex
Building Details
- Year Built
- 1985
Listing agency
Compass
(972) 849-0972
Listed by
Candis Dunn · License #0539092
(972) 849-0972
Source
Compass
Added: Jun 22 Updated: Jul 22 at 2:54PM Checked: Jul 22 at 2:54PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
Investment Insights
Based on property information with market context.
This duplex is offered for sale as-is and presents a renovation opportunity for an investor or owner-occupant. The layout includes a spacious living area that opens to the kitchen and dining space. Each side features 3 bedrooms and 2 bathrooms, for a total of 6 bedrooms and 4 bathrooms across the property. The primary bedroom is located on the main level, with two additional bedrooms and a full bathroom on the second floor.
The property is positioned with quick access to Highway 114, Baylor Scott & White, DFW Airport, and the dining and shopping scene of downtown Grapevine, supporting a convenient day-to-day commute.
The configuration is designed for privacy and convenience with separate bedroom and bathroom layouts on each side, making it suitable for tenants or mixed occupancy depending on the buyer’s plan.
The property is positioned with quick access to Highway 114, Baylor Scott & White, DFW Airport, and the dining and shopping scene of downtown Grapevine, supporting a convenient day-to-day commute.
The configuration is designed for privacy and convenience with separate bedroom and bathroom layouts on each side, making it suitable for tenants or mixed occupancy depending on the buyer’s plan.
Key Highlights
- Duplex offered as‑is with 3 bedrooms and 2 baths on each side (total 6 bedrooms, 4 bathrooms).
- Two‑story brick and siding duplex built in 1985 with slab foundation and composition shingle roof.
- Open floorplan with vaulted ceilings; flooring includes carpet, ceramic tile, engineered wood, and vinyl.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.9k | $12.12 |
| − Vacancy | −$4.0k | −$1.36 |
| EGI | $31.9k | $10.76 |
| − OpEx | −$9.6k | −$3.23 |
| NOI | $22.3k | $7.53 |
2,964 SF · lease $12.12/SF/yr · vacancy 11.21% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$319.0K
$279.1K – $372.1K
NOI $22,328 @ 7.0% cap · market cap 4.96%
Second Best
Apartment 5plus
$277.3K
$242.6K – $323.5K
NOI $19,411 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$1.04M
$912.3K – $1.22M
NOI $72,986 @ 7.0% cap · market cap 16.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex offered as-is, featuring 3 bedrooms and 2 baths on each side for a total of 6 bedrooms and 4 baths.
Where is this duplex located?
The property is located at 1233 West Hudgins Street Grapevine, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Duplex offered as‑is with 3 bedrooms and 2 baths on each side (total 6 bedrooms, 4 bathrooms).; Two‑story brick and siding duplex built in 1985 with slab foundation and composition shingle roof.; Open floorplan with vaulted ceilings; flooring includes carpet, ceramic tile, engineered wood, and vinyl.
