515 Olaf Drive A & B Temple, TX $ 312,000
515 Olaf Drive A & B
$ 312,000
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515 Olaf Drive A & B

Temple, TX, 76504
$ 312,000
Baths0.0 Sq 2,538

Monthly Estimate*

$ 1,921

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Studio

Townhouse for sale in Temple, TX

for $312,000. This 2,538 square foot townhouse was built in 2004 on a lot size of 0.1928.

Exceptional opportunity to own a well-maintained duplex in Temple offering immediate income and long-term upside. Whether you’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 for rent increases or owner occupancy. 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. Don’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).

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Townhouse Active

Price

$ 312,000

Bedrooms

Studio

Property Type

Townhouse

Taxes

$ 0

Style

Lot Size

0.1928

Year Built

2004

Town/City

Temple

County/Region

Bell

MLS | Web ID

607802

List By
Meleah C. Wehman

Listing Agent

Compass Re Texas, Llc

Broker

meleah@realtyaustin.com

Email

Affordability Calculator

$1,921
Per Month
100%
0%
0%
Monthly Principal & Interest
$1,921
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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
0 Elementary School
0 Middle School
Temple High School High School High School
Pricing History
DatePricePrice ChangeDescription
3/25/2026$312,000 Listed Price

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515 Olaf Drive A & B, Temple, TX, 76504 is a Townhouse for sale at $312,000 with 2,538 sqft and a lot size of 0.1928. 515 Olaf Drive A & B is a studio with 0.0 baths and was built in 2004. The property's zip code is 76504 which is in Temple, TX