Properties

Temple, TX 76504 515 Olaf Dr # A & B

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Presented By: Compass RE Texas, LLC; 512-656-9463
  • MLS# 6331533
  • 03/24/2026
  • Get pre-approved
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  • SQFT • 2,538
  • Garage • 1

Home Details

Exceptional opportunity to own a well-maintained duplex in Temple offering immediate income and long-term upside. Whether youโ€™re an investor seeking a truly turn-key asset or an owner-occupant looking to offset your mortgage, this property delivers flexibility and value. Each unit features a spacious 3-bedroom, 2-bath layout with no carpet, dedicated in-unit laundry rooms, and large private fenced backyards backing to peaceful greenspace, creating a rare sense of privacy for tenants. Unit A is further enhanced with stainless steel appliances, adding modern appeal. Current rental income provides strong in-place cash flow with Unit A leased at $1,290/month through 7/31/2026 and Unit B leased at $1,365/month through 5/31/2026, offering immediate returns with future flexibility to continue leasing or owner-occupy. Major capital improvements have already been completed, including both HVAC systems replaced in February 2026 with transferable 10-year warranties and a roof replaced in 2020, significantly reducing near-term maintenance expenses and increasing investor confidence. Ideally located with convenient access to I-35, several golf courses, shopping, dining, fitness centers, hospitals, Lake Belton, Mary Hardin-Baylor University and major employers, this property is positioned for continued rental demand and long-term appreciation. Donโ€™t miss this rare opportunity to secure a low-maintenance, income-producing property with built-in flexibility in a growing market. (Interior photos were taken prior to current tenancy).
Presented By: Compass RE Texas, LLC; 512-656-9463

Interior Features for 515 Olaf Dr # A & B

Bedrooms

Total Bedrooms

Bathrooms

Total Baths

Other Interior Features

LivingAreaSourcePublic Records
FlooringNo Carpet, Tile, Vinyl
Interior AmenitiesCeiling Fan(s), Laminate Counters, Double Vanity, No Interior Steps, Pantry, Primary Bedroom on Main, Walk-In Closet(s)
Total Fireplaces
Window FeaturesDouble Pane Windows

General for 515 Olaf Dr # A & B

AccessibilityNone
AppliancesDishwasher, Disposal, Exhaust Fan, Free-Standing Electric Range, Free-Standing Refrigerator
CityTemple
Community FeaturesSee Remarks, Curbs, Street Lights
Construction MaterialsBrick, Masonite, Masonry โ€“ Partial
CoolingCeiling Fan(s), Central Air
CountyBell
DirectionsFrom I-35, take the exit for W Adams Ave (FM 2305) and head west. Continue on W Adams Ave, then turn right onto S 31st Street. Turn left onto W Avenue M, then right onto Olaf Drive. The property will be
DisclosuresNone
Elementary SchoolWestern Hills
Energy EfficientNone
Facing DirectionEast
Garage Spaces1
Green SustainabilityNone
HOANo
HeatingCentral
High SchoolTemple
LevelsOne
Living Area2538
Lot Size Square Feet8398.37
MLS AreaBT
Middle/Junior High SchoolLamar (Temple ISD)
New ConstructionNo
Other StructuresNone
Patio/Porch FeaturesFront Porch, Side Porch
Pets AllowedCats OK, Dogs OK, Negotiable
Property ConditionResale
Property SubtypeDuplex
Property TypeResidential Income
RoofShingle
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameLiberty Hill Ph Ii
Tax Annual Amount7022.85
Tax Assessed Value294129
Tax Year2025
Unit NumberA & B
UtilitiesElectricity Connected, Sewer Connected, Water Connected
ViewSee Remarks
Virtual TourClick here
Virtual TourClick here
Waterfront FeaturesNone
Year Built2004
Year Built SourcePublic Records

Exterior for 515 Olaf Dr # A & B

Covered Spaces1
Exterior AmenitiesRain Gutters, No Exterior Steps, Private Yard
FencingBack Yard, Fenced, Privacy
Foundation DetailsSlab
Horse Y/NNo
Lot FeaturesBack Yard, Curbs, Few Trees, Front Yard, Interior Lot, Level, Public Maintained Road
Lot Size Acres0.1928
Other EquipmentElectric Dryer Hookup, Washer Hookup
Parking FeaturesAttached, Garage, Garage Faces Front, Outside
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools

High School Temple High School
Middle School Lamar (Temple ISD) Middle School
Elementary School Western Hills Elementary School

Connect Realty

Price $309,000
MLS#6331533
List Date 03/24/2026
Property Type Income
Phone 888.795.6274
Get pre-approved
Request Tour
Request Info
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