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515 Olaf Drive unit: A & B
Temple TX 76504 US

$312,000

Active Listing ID 607802
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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

$312,000

Active Listing ID 607802
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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).

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Property Features

  • Facts
  • Lot Size: 0.19 Acres
  • Property Type: Residential
  • Property Sub-type: Townhouse
  • Features
  • Full Bathrooms: 4
  • Cooling System: Central Air, Electric
  • Exterior Finish: Porch, Patio, PrivateYard, RainGutters
  • Floor Covering: Vinyl, Carpet, Tile
  • Roof Type: Shingle, Composition
  • Heating Fuels: Electric (Heating), Central
  • Additional Features
  • Patio

School Information

  • School
  • Western Hills Elementary(Elementary)
  • Lamar Middle School(MiddleSchool)
  • Temple High School(HighSchool)

Property

  • propertytype: Residential
  • propertysubtype: Townhouse
  • listprice: 312000
  • unparsedaddress: 515 Olaf Drive unit: A & B
  • postalcity: Temple
  • stateorprovince: TX
  • country: US
  • postalcode: 76504
  • bathroomsfull: 4
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.1928
  • lotsizeunits: Acres
  • lotsizearea: 0.1928
  • livingarea: 2538
  • livingareaunits: Square Feet
  • latitude: 31.113928
  • longitude: -97.384804
  • listagentfullname: Meleah C. Wehman
  • listagentemail: meleah@realtyaustin.com
  • listagentkey: 3yd-SMABOR-0670515
  • listagentmlsid: 0670515
  • listagentpreferredphone: 5126569463
  • listagentofficephone: 5122411300
  • listofficekey: 3yd-SMABOR-W785017367
  • listagentstatelicense: 0670515
  • listofficemlsid: W785017367
  • disclaimer: Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: SMABOR
  • yearbuilt: 2004
  • listingcontractdate: 2026-03-24
  • listagentfax: 5123061340
  • listagenturl: http://www.realtyaustin.com
  • countyorparish: Bell
  • parcelnumber: 335918
  • elementaryschool: Western Hills Elementary
  • highschool: Temple High School
  • elementaryschooldistrict: Temple ISD
  • middleorjuniorschooldistrict: Temple ISD
  • highschooldistrict: Temple ISD
  • appliances: Dishwasher, ElectricRange, ElectricWaterHeater, Disposal, Refrigerator, VentedExhaustFan, SomeElectricAppliances, Range
  • cooling: Central Air, Electric
  • constructionmaterials: Brick, HardiplankType, Masonry
  • flooring: Vinyl, Carpet, Tile
  • heating: Electric (Heating), Central
  • numberofunitstotal: 2
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 1
  • parkingtotal: 0
  • parkingfeatures: Garage
  • roof: Shingle, Composition
  • waterfrontyn: False
  • franchiseaffiliation: None
  • interiorfeatures: AllBedroomsDown, CeilingFans, DoubleVanity, LaminateCounters, PullDownAtticStairs, TubShower, WalkInClosets, BedroomOnMainLevel, FullBathOnMainLevel, Pantry, SolidSurfaceCounters
  • exteriorfeatures: Porch, Patio, PrivateYard, RainGutters
  • rooms: Bedroom 3, Bathroom 1, Bathroom 4, Bedroom 2, Bedroom 6, Bedroom 4, Bedroom 1, Bathroom 2, Bathroom 3, Bedroom 5
  • patioandporchfeatures: Patio, Porch
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • fencing: Privacy
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -97.3848, 31.113928
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Realty Austin", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"meleah@realtyaustin.com", "ListBrokerageCity":"Austin", "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"Realty Austin", "ListBrokeragePhone":"5122411300", "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":"TX", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"3801 Capital of Texas Hwy.", "ListBrokerageWebsiteUrl":"http://www.realtyaustin.com", "ListOfficeAddress1":"14010 N US-183 STE 400 ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"W785017367", "ListOfficeCity":"Austin", "ListOfficeCountry":"USA", "ListOfficeEmail":"mlsteam@compass.com", "ListOfficePostalCode":"78717", "ListOfficeStateOrProvince":"TX", "ListPriceCurrencyType":"USD", "ListingTitle":"TOWNHOME - Temple, TX", "ListingURL":null, "MLSModificationTimestamp":"2026-03-25 01:29:36", "Neighborhoods":[{"Description":null, "Name":"Liberty Hill Ph II"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":7023, "TaxDescription":"LIBERTY HILL PHASE II, BLOCK 002, LOT 0006", "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 3/25/2026 1:43:20 AM GMT
Source Updated Date: 3/27/2026 12:59:15 PM GMT

Courtesy of: Meleah C. Wehman, Compass RE Texas, LLC, meleah@realtyaustin.com

Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.