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    Stabilized Quadplex Income Property Title is generated by Realmo AI

    210 Austin Street, Grapevine, TX 76051

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    Claim this Listing
    For Sale
    $1,045,500

    MULTI_FAMILY - Grapevine, TX

    Lot size:
    0.14 Acres
    Added:
    May 26, 2026
    Days on Market:
    12
    Last Refresh:
    Jun 6 at 12:06 am

    Property Features for 210 Austin Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    8
    Bathrooms
    4
    Rooms
    Bathroom 2, Bedroom 8, Bathroom 4, Bedroom 5, Bedroom 2, Bedroom 6, Bedroom 3, Bedroom 1, Bedroom 7, Bathroom 1, Bathroom 3, Bedroom 4
    Parking
    10
    Parking features
    Parking Lot
    Patio and Porch features
    Patio
    Appliances
    Dishwasher, ElectricOven, ElectricRange, ElectricWaterHeater, Disposal, GasOven, GasRange, GasWaterHeater, Microwave
    Standard status
    Active
    APN
    07595476
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Tax Description
    COLLEGE HEIGHTS ADDITION-GRPVN BLOCK 100 LOT
    Tax Annual Amount
    10621

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Central
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    1965
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Carpet, Tile
    Building materials
    Brick
    Roof type
    Composition

    We can help!

    Listing Contact
    Alessandria De La Rosa

    Listing agent Alessandria De La Rosa License #0840485

    Listing office BRIDGE TOWER REALTORS LLC Dallas, TX

    Listing date May 26, 2026

    MLS# 21060884 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Professionally managed quadplex with 4 fully occupied units
    • Each unit is a two‑story townhome with 2 bedrooms and 1 bathroom
    • Approx. 900 SF living space per unit
    • Private back patio for each unit
    • 10 dedicated parking spaces in front of the building
    • Built in 1965 with brick construction, composition roof, central heating and central air

    Overview

    Offered as a professionally managed investor opportunity, this fully occupied quadplex features four two-story townhome-style units. Each unit is configured with 2 bedrooms and 1 bathroom, with approximately 900 square feet of living space. Residents benefit from private back patios, and the property includes 10 dedicated parking spaces at the front of the building, supporting convenient day-to-day access.

    The property is located within walking distance of Historic Downtown Grapevine, placing it near local restaurants, shops, and wineries. With the building currently fully leased, it presents a stabilized income approach for buyers seeking immediate occupancy rather than repositioning. The parking arrangement also helps accommodate both residents and guests.

    This setup is well-suited for investors looking for rental demand in a sought-after, walkable area and a turnkey holding strategy. With all units leased, the property offers the opportunity to step into cash flow at acquisition while still benefiting from potential future upside as the rental market evolves. The townhome layout and private outdoor space are practical features that can support tenant retention in an income-focused portfolio.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grapevine
    County
    Tarrant
    State
    Texas
    Longitude
    -97.072158
    Latitude
    32.9397693

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    FAQs

    What type of property is this?
    Quadplex - Fully occupied quadplex with four two-story townhome units, each with private patio and dedicated parking.
    Where is this quadplex located?
    The property is located at 210 Austin Street Grapevine, TX.
    What is the asking price?
    The asking price for this property is $1,045,500.
    What are key features of this property?
    This property features: Professionally managed quadplex with 4 fully occupied units; Each unit is a two‑story townhome with 2 bedrooms and 1 bathroom; Approx. 900 SF living space per unit
    (214) 440-5606
    We can help!
    Listing Contact
    Alessandria De La Rosa
    Real Estate License ID: 0840485
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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