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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: Central Air, Electric, Ceiling Fan(s)
  • Floor Covering: Other
  • Roof Type: Asphalt
  • Heating Fuels: Central, Electric (Heating)

School Information

  • School
  • Haleyj(Elementary)
  • Bowie(MiddleSchool)
  • Nimitz(HighSchool)

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
  • listagentkey: 3yd-NTREIS-0789408
  • listagentmlsid: 0789408
  • listagentpreferredphone: (512) 770-6526
  • listofficekey: 3yd-NTREIS-MT100485
  • 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
  • highschool: Nimitz
  • elementaryschooldistrict: Irving ISD
  • middleorjuniorschooldistrict: Irving ISD
  • highschooldistrict: Irving ISD
  • appliances: Dishwasher, Disposal, VentedExhaustFan
  • cooling: Central Air, Electric, Ceiling Fan(s)
  • constructionmaterials: Brick
  • heating: Central, Electric (Heating)
  • numberofunitstotal: 10
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 0
  • parkingfeatures: Garage
  • roof: Asphalt
  • waterfrontyn: False
  • franchiseaffiliation: None
  • interiorfeatures: BuiltInFeatures, DecorativeDesignerLightingFixtures, CableTv
  • rooms: Bathroom 2, Bedroom 1, Bathroom 7, Bathroom 10, Bedroom 12, Bathroom 8, Bedroom 4, Bedroom 6, Bathroom 12, Bedroom 8, Bedroom 5, Bedroom 14, Bedroom 2, Bedroom 11, Bathroom 11, Bathroom 6, Bedroom 19, Bedroom 15, Bedroom 16, Bedroom 17, Bedroom 3, Bedroom 7, Bedroom 10, Bathroom 5, Bathroom 3, Bathroom 9, Bedroom 9, Bedroom 18, Bathroom 4, Bathroom 1, Bedroom 20, Bedroom 13
  • 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, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"office@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":" ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"MT100485", "ListOfficeCity":"Austin", "ListOfficeCountry":"US", "ListOfficeEmail":"office@2415realty.com", "ListOfficePostalCode":null, "ListOfficeStateOrProvince":"TX", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - 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":"2026-04-13 16:33:54", "Neighborhoods":[{"Description":null, "Name":"Irving Park Acres"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":37106, "TaxDescription":"IRVING PARK ACRES LT 47 LESS ROW ACS 0.9469 C", "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 6/3/2026 10:30:57 PM GMT
Source Updated Date: 6/8/2026 1:00:21 AM GMT

Courtesy of: Diane Carpenter, 24fifteen Realty

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.