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1516 W 7th Street
Irving TX 75060 US

$1,999,999

Active Listing ID 21031053
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20 bed
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12.00 Bath (10 Full , 2 Half)
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Lot: 0.88 Acres
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Other

$1,999,999

Active Listing ID 21031053
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1516 W 7th Street 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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Property Features

  • Facts
  • Lot Size: 0.88 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 10
  • 1/2 Bathrooms: 2
  • Cooling System: Ceiling Fan(s), Central Air, Electric
  • Floor Covering: Other
  • Roof Type: Asphalt
  • Heating Fuels: Central, Electric (Heating)

School Information

  • School
  • Haleyj(Elementary)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 1999999
  • unparsedaddress: 1516 W 7th Street
  • postalcity: Irving
  • stateorprovince: TX
  • country: US
  • postalcode: 75060
  • bathroomsfull: 10
  • bathroomshalf: 2
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.884
  • lotsizeunits: Acres
  • lotsizearea: 0.884
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 32.807237
  • longitude: -96.965339
  • listagentfullname: Diane Carpenter
  • listagentemail: diane@2415realty.com
  • listagentkey: 3yd-NTREIS-0789408
  • listagentmlsid: 0789408
  • listagentpreferredphone: 9729420222
  • listagentofficephone: 9729420222
  • listofficekey: 3yd-NTREIS-MT100485
  • listagentstatelicense: 0789408
  • listofficemlsid: MT100485
  • disclaimer: Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: NTREIS
  • yearbuilt: 1972
  • countyorparish: Dallas
  • parcelnumber: 32221500000470100
  • elementaryschool: Haleyj
  • appliances: Dishwasher, Garbage Disposer, Washer
  • cooling: Ceiling Fan(s), Central Air, Electric
  • constructionmaterials: Brick
  • flooring: Other
  • heating: Central, Electric (Heating)
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 0
  • parkingfeatures: Garage, Other
  • roof: Asphalt
  • waterfrontyn: False
  • interiorfeatures: Built-in Features, Cable Tv Available, Decorative Lighting
  • architecturalstyle: Other
  • rooms: Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • utilities: Cable Available
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -96.96534, 32.807236
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Sprout Realty", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"diane@2415realty.com", "ListBrokerageCity":"Austin", "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"Sprout Realty", "ListBrokeragePhone":"(512) 770-6526", "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":"TX", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"2506 S Lamar Blvd", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"130 N Denton Tap Rd ste 130", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"0640434", "ListOfficeCity":"Coppell", "ListOfficeCountry":"US", "ListOfficeEmail":"office@2415realty.com", "ListOfficePostalCode":"75019", "ListOfficeStateOrProvince":"TX", "ListPriceCurrencyType":"USD", "ListingTitle":"Multiple Single Units - Irving, TX", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/1516-W-7th-St_Irving_TX_75060_M85730-14912?f=listhub&s=NTREIS&m=21031053&c=rexren", "MLSModificationTimestamp":"2025-12-03T10:55:17Z", "Neighborhoods":[], "PostalCode":null, "RawPropertySubType":"Multiple Single Units", "RawPropertyType":"Residential Income", "RoomCount":null, "StateOrProvince":null, "Taxes":[], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 1/1/2026 1:20:17 AM GMT
Source Updated Date: 1/11/2026 6:42:41 PM GMT

Courtesy of: Diane Carpenter, 24fifteen Realty, diane@2415realty.com

Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.