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1516 W 7th Street
Irving TX 75060 US

$1,850,000

Active Listing ID 21231711
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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

$1,850,000

Active Listing ID 21231711
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1516 W 7th Street 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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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: 1850000
  • 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=21231711&c=rexren", "MLSModificationTimestamp":"2026-04-13T11:33:25Z", "Neighborhoods":[], "PostalCode":null, "RawPropertySubType":"Multiple Single Units", "RawPropertyType":"Residential Income", "RoomCount":null, "StateOrProvince":null, "Taxes":[], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 4/14/2026 1:42:05 AM GMT
Source Updated Date: 4/20/2026 7:14:27 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.