8-Unit Apartment
717 East Texas Street Grapevine, TX 76051
717 East Texas Street, Grapevine, TX, 76051
$1,650,000
For Sale
$1,650,000
Fully occupied 8-unit apartment property with two quadplex buildings on one tax ID.
Property Size8,120 SF
Price / SF$203.20
Days on Market223
Property Features for 717 East Texas Street
General Information
- Standard status
- Active
- Size
- 8,120 SF
- Property subtype
- Multi-Family / Apartment/5Plex+
Building Details
- Year Built
- 1963
Listing agency
Bray Real Estate-Ft Worth
(682) 847-1396
Listed by
Kelsey Cretsinger · License #0802165
(682) 847-1396
Source
Compass
Added: Dec 12, 2025 Updated: Jul 22 at 3:19PM Checked: Jul 22 at 3:19PM
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 Bray Real Estate-Ft Worth
Investment Insights
Based on property information with market context.
This offering is an 8-unit apartment building featuring two quadraplex buildings on a single tax ID. The unit mix includes 2- and 3-bedroom floorplans, and all units are currently leased. The property is structured for straightforward operations with income supported by current rent rolls, and certain operating expenses have historically been shared at the portfolio level and normalized for stand-alone review. Financial documentation, including rent rolls and portfolio T-12, is available upon request, subject to buyer due diligence.
The property is located near Historic Downtown Grapevine, with convenient access to area restaurants, shopping, and entertainment. It also provides access to major employment corridors and transportation routes.
Seller financing is not available for this transaction.
The property is located near Historic Downtown Grapevine, with convenient access to area restaurants, shopping, and entertainment. It also provides access to major employment corridors and transportation routes.
Seller financing is not available for this transaction.
Key Highlights
- Fully occupied 8‑unit apartment property with two quadraplex buildings on one tax ID
- Unit mix includes a combination of 2- and 3‑bedroom floorplans
- Year built 1963; brick and siding construction with composition roof
Local Financial Insights For Apartment 5plus
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 | $109.6k | $13.50 |
| − Vacancy | −$12.9k | −$1.59 |
| EGI | $96.7k | $11.91 |
| − OpEx | −$43.5k | −$5.36 |
| NOI | $53.2k | $6.55 |
8,120 SF · lease $13.50/SF/yr · vacancy 11.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$759.7K
$664.7K – $886.3K
NOI $53,177 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.86M
$2.50M – $3.33M
NOI $199,947 @ 7.0% cap · market cap 12.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Fully occupied 8-unit apartment property with two quadplex buildings on one tax ID.
Where is this apartment building located?
The property is located at 717 East Texas Street Grapevine, TX.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Fully occupied 8‑unit apartment property with two quadraplex buildings on one tax ID; Unit mix includes a combination of 2- and 3‑bedroom floorplans; Year built 1963; brick and siding construction with composition roof
