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1516 W 7th Street Irving, TX $ 1,850,000
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1516 W 7th Street
$ 1,850,000
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1516 W 7th Street

Irving, TX, 75060
$ 1,850,000
Bedrooms20 Baths10.2

Monthly Estimate*

$ 11,391

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Multi-Family Home for sale in Irving, TX

for $1,850,000 with 20 bedrooms and 10 full baths, 2 half baths. This home was built in 1972 on a lot size of 0.884.

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.

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Multi-Family Active

Price

$ 1,850,000

Bedrooms

20

Full Bath

10

Half Bath

2

Property Type

Multi-Family

Taxes

$ 37,106

Style

Multiple Single Units

Lot Size

0.884

Year Built

1972

Town/City

Irving

County/Region

Dallas

MLS | Web ID

21231711
Features
Interior
Interior Features Built-in Features Cable TV Available Decorative Lighting
Flooring Other
Total Units 10
Half Baths 2
Total Bedrooms 20
Total Baths 12
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General
Heating Central Electric
Complex Name Elm Road Apartments
Cooling Ceiling Fan(s) Central Air Electric
Utilities City Sewer City Water
Possession Closing/Funding
Roof Asphalt
Appliances Dishwasher Disposal Vented Exhaust Fan
School District Irving ISD
Pool Y/N 0
Year Built 1972
Levels Two
Property Subtype Multiple Single Units
Subdivision Name Irving Park Acres
Occupant Type Tenant
County Dallas
Property Type Residential Income
Construction Materials Brick
Year Built Details Preowned
HOA Type None
# of Buildings 5
Full Baths 10
Status Active
Directions GPS
City Irving
Elementary School Name Haleyj
High School Nimitz
Elementary School Haleyj
Standard Status Active
Listing Terms Cash Conventional
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Exterior
Waterfront 0
Parking Features Additional Parking Garage Other
Lot Size .5 to < 1 Acre
Foundation Slab
Building Area Total 10088.00
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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

$14,483
Per Month
79%
21%
0%
Monthly Principal & Interest
$11,391
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
3969176 Elementary School
5136495 Middle School
See complete school information
Pricing History
Date Price Price Change Description
4/13/2026 $1,850,000 -2.63% Price Down
4/8/2026 $1,900,000 Listed Price

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1516 W 7th Street, Irving, TX, 75060 is a Multi-Family Home for sale at $1,850,000 with a lot size of 0.884. 1516 W 7th Street has 20 bedrooms, 10.2 baths, and was built in 1972. The property's zip code is 75060 which is in Irving, TX

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