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Jenny Adams

jenny.adams@engelvoelkers.com +1(469) 688-2105

$ 2,200,000

Est. payment -/mo

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705 E Worth Street Grapevine, TX 76051

17 Beds

13 Baths

0.51 Acres Lot

UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision College Heights Add

MLS Listing ID 21135293

Bedrooms 17

Full Baths 13

HOA Y/N None

Total Fin. Sqft 10118

Year Built 1963

Annual Tax Amount $19,134

Lot Size 0.510 Acres

Acres 0.51

Property Sub-Type Apartment

Property Description

Investor Opportunity – 13-Unit Apartment in Grapevine! Located near Historic Downtown Grapevine, this fully occupied 13-unit multifamily property offers a rare opportunity to acquire a stabilized, income-producing asset in one of the area's most desirable rental markets. Similar to the nearby 717 E Texas St apartments, this property benefits from strong tenant demand driven by its central Grapevine location and proximity to dining, shopping, and entertainment. The property features a diverse unit mix consisting of eight 1-bedroom units, four 2-bedroom units, and one efficiency unit, providing flexibility and broad rental appeal. Functional layouts and consistent occupancy support stable operations, allowing investors to step into immediate income with established management in place. Residents enjoy convenient access to downtown Grapevine, major employment centers, and transportation corridors, contributing to long-term rental demand. With limited multifamily inventory in this submarket, this 13-unit property presents an excellent opportunity for local investors, portfolio buyers, or 1031 exchange purchasers seeking scale in a proven location.
This is a compelling option for investors seeking a stabilized apartment asset with long-term upside in the Grapevine market. 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***

Location

State TX

County Tarrant

Direction GPS

Interior

Interior Features Cable TV Available, High Speed Internet Available

Heating Central, Electric

Cooling Ceiling Fan(s), Central Air, Electric

Flooring Carpet, Vinyl

Appliance Dishwasher, Disposal, Electric Range, Refrigerator

Heat Source Central, Electric

Exterior

Utilities Available City Sewer, City Water

Roof Type Composition

Garage No

Building

Story Two

Foundation Slab

Level or Stories Two

Structure Type Brick,Siding

Schools

Elementary Schools Cannon

Middle Schools Grapevine

High Schools Colleyville Heritage

School District Grapevine-Colleyville Isd

Others

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21135293

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Kelsey Cretsinger • Bray Real Estate-Ft Worth

Jenny Adams

Advisor | License ID: 0556782

+1(469) 688-2105

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