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1516 W 7th Street Irving, TX $ 1,900,000
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1516 W 7th Street
$ 1,900,000
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1516 W 7th Street

Irving, TX, 75060
$ 1,900,000
Bedrooms-- Baths--

Monthly Estimate*

$ 11,699

​

Commercial Property for sale in Irving, TX

for $1,900,000. This building was built in 1972 on a lot size of 0.884.

Welcome to Elm Road Apartments, a well-established community in the heart of the Metroplex featuring five one-story buildings with a total of ten rental units and 13,500 combined square feet. Each unit includes its own private yard and dedicated parking with one to three spaces, offering convenience and comfort for tenants. Recent updates include new roofs completed in June 2025 on Units 1–6 along 7th Street, with two additional roof replacements already in the planning phase. Listed with the City of Irving as Elm Road Apartments, the property is maintained under a single tax filing and designed as one cohesive neighborhood. With its prime Irving location, strong tenant appeal, 13.5 NOI, and a 4.9% cap rate, this property represents both stability and opportunity for investors.

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Commercial Active

Price

$ 1,900,000

Property Type

Commercial

Taxes

$ 37,106

Style

Business

Lot Size

0.884

Year Built

1972

Town/City

Irving

County/Region

Dallas

MLS | Web ID

21215883
Features
General
Heating Central Electric
Cooling Ceiling Fan(s) Central Air Electric
Utilities City Sewer City Water
Ceiling Height 11 to 14 Feet
Possession Closing/Funding
Roof Asphalt
Year Built 1972
Business Type Residential
Property Subtype Business
Subdivision Name Irving Park Acres
Occupant Type Tenant
County Dallas
Property Type Commercial Sale
Construction Materials Brick
Year Built Details Preowned
Status Active
Directions GPS
City Irving
Standard Status Active
Listing Terms 1031 Exchange Cash Conventional
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Exterior
Waterfront 0
Lot Size Source Public Records
Parking Features Additional Parking Garage Other
Lot Size .5 to < 1 Acre
Foundation Slab
Building Area Total 10088.00
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Interior
Flooring Other
Total Stories 1
Total Units 10
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Internal Only
Street Number 1 1516
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* Excluded Features
List By
Diane Carpenter

Listing Agent

24Fifteen Realty

Broker

Affordability Calculator

$14,791
Per Month
79%
21%
0%
Monthly Principal & Interest
$11,699
Monthly Property Taxes
$3,092
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
288163 Elementary School
288375 Middle School
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
3/23/2026 $1,900,000 Listed Price

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1516 W 7th Street, Irving, TX, 75060 is a Commercial Property for sale at $1,900,000 with a lot size of 0.884. 1516 W 7th Street was built in 1972. The property's zip code is 75060 which is in Irving, TX

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