
Courtesy of: Meleah C. Wehman, Compass RE Texas, LLC, meleah@realtyaustin.com
$312,000
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6 bed
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4.00 Bath (4 Full)
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Lot: 0.19 Acres
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Townhouse
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$312,000
515 Olaf Drive unit: A & B 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).
Courtesy of: Meleah C. Wehman, Compass RE Texas, LLC, meleah@realtyaustin.com
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