Properties

Irving, TX 75060 1516 W 7th Street

1516 W 7th Street Irving, TX - Image 11516 W 7th Street Irving, TX - Image 21516 W 7th Street Irving, TX - Image 3
25 more
1516 W 7th Street Irving, TX - Image 41516 W 7th Street Irving, TX - Image 51516 W 7th Street Irving, TX - Image 61516 W 7th Street Irving, TX - Image 71516 W 7th Street Irving, TX - Image 81516 W 7th Street Irving, TX - Image 91516 W 7th Street Irving, TX - Image 101516 W 7th Street Irving, TX - Image 111516 W 7th Street Irving, TX - Image 121516 W 7th Street Irving, TX - Image 131516 W 7th Street Irving, TX - Image 141516 W 7th Street Irving, TX - Image 151516 W 7th Street Irving, TX - Image 161516 W 7th Street Irving, TX - Image 171516 W 7th Street Irving, TX - Image 181516 W 7th Street Irving, TX - Image 191516 W 7th Street Irving, TX - Image 201516 W 7th Street Irving, TX - Image 211516 W 7th Street Irving, TX - Image 221516 W 7th Street Irving, TX - Image 231516 W 7th Street Irving, TX - Image 241516 W 7th Street Irving, TX - Image 251516 W 7th Street Irving, TX - Image 261516 W 7th Street Irving, TX - Image 271516 W 7th Street Irving, TX - Image 281516 W 7th Street Irving, TX - Image 29
Presented By: 24fifteen Realty
  • MLS# 21231711
  • 04/08/2026
  • Get pre-approved
  • Request Tour
  • Request Info
  • Beds • 20
  • Full/Half Baths • 10 / 2

Home Details

This multifamily property presents a compelling opportunity for investors seeking value-add potential in the Dallas-Fort Worth market. Serious Portfolio Value Add! this asset offers the ability to increase income through strategic improvements and rental adjustments. The property features multiple units with functional layouts and a location positioned within a strong rental corridor. Current operations provide a foundation for increased net operating income, with market data supporting higher rental rates in the area. 10 units, 1,2, and 3 bedroom choices. 4 buildings for tenants and an extra building for storage! So much potential in one property in a high renter populated city. This is truly a special income property. Investors will appreciate the opportunity to enhance cash flow through: Rental rate optimization based on local comparables Interior and exterior updates Operational efficiencies This opportunity may be suitable for investors looking to expand or diversify a real estate portfolio within a high-demand region. Additional financials, rent roll, and property details available upon request. With its prime Irving location, strong tenant appeal, conveniently located between Dallas and Ft. Worth. With a solid 13.5 NOI, and a 4.9% cap rate, this property represents both stability and opportunity for investors.
Presented By: 24fifteen Realty

Interior Features for 1516 W 7th Street

Bedrooms

Total Bedrooms20

Bathrooms

Half Baths2
Total Baths12

Other Interior Features

Unit Count7
Fireplaces Total0
Lock Box TypeNone
FlooringOther
Interior FeaturesBuilt-in Features, Cable TV Available, Decorative Lighting
Total Units10

General for 1516 W 7th Street

# of Buildings5
AppliancesDishwasher, Disposal, Vented Exhaust Fan
Capitalization Rate5.08
CityIrving
Complex NameElm Road Apartments
Construction MaterialsBrick
CoolingCeiling Fan(s), Central Air, Electric
CountyDallas
DirectionsGPS
Elementary SchoolHaleyj
Elementary School NameHaleyj
Full Baths10
Gross Annual Expenses59627.00
HOA TypeNone
HeatingCentral, Electric
High SchoolNimitz
Insurance Expense6018
LevelsTwo
Listing TermsCash, Conventional
Occupant TypeTenant
Pool Y/NNo
PossessionClosing/Funding
Property SubtypeMultiple Single Units
Property TypeResidential Income
RoofAsphalt
School DistrictIrving ISD
Security FeaturesSmoke Detector(s)
Standard StatusActive
StatusActive
Subdivision NameIrving Park Acres
Unexempt Taxes37106
UtilitiesCity Sewer, City Water
Virtual Tour URL UnbrandedClick here
Will SubdivideSubdivided
Year Built1972
Year Built DetailsPreowned

Exterior for 1516 W 7th Street

Building Area Total10088.00
Foundation Slab
Lot Size.5 to < 1 Acre
Lot Size Acres0.8840
Lot Size Area0.8840
Lot Size Square Feet38507.0400
Lot Size UnitsAcres
Number Of Parking Spaces0
Parking FeaturesAdditional Parking, Garage, Other
WaterfrontNo

Additional Details

Price History

Schools

Elementary School Haleyj Elementary School
Middle School N/A

Connect Realty

Price $1,850,000
MLS#21231711
List Date 04/08/2026
Property Type Multi-Family
Phone 888.795.6274
Get pre-approved
Request Tour
Request Info
Visit My Website

Similar Properties to 1516 W 7th Street

Contact Us

info@connectrealty.com
2170 Buckthorne PL. #100
The Woodlands, TX 77380
866-938-0924
  • This field is for validation purposes and should be left unchanged.