1516 W 7th Street, Irving, TX 75060

Local realty services provided by:Better Homes and Gardens Real Estate Winans
1516 W 7th Street,Irving, TX 75060
$1,999,999
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  • 20 Beds
  • 12 Baths
  • 10,088 sq. ft.
  • Multi-family
  • Active
Listed by: diane carpenter972-942-0222
Office: 24fifteen realty
MLS#:21031053
Source:GDAR

Price summary

  • Price:$1,999,999
  • Price per sq. ft.:$198.26

About this home

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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Home facts

  • Year built:1972
  • Listing ID #:21031053
  • Added:147 day(s) ago
  • Updated:February 15, 2026 at 12:41 PM

Rooms and interior

  • Bedrooms:20
  • Total bathrooms:12
  • Full bathrooms:10
  • Half bathrooms:2
  • Living area:10,088 sq. ft.

Heating and cooling

  • Cooling:Ceiling Fans, Central Air, Electric
  • Heating:Central, Electric

Structure and exterior

  • Year built:1972
  • Building area:10,088 sq. ft.
  • Lot area:0.88 Acres

Schools

  • High school:Nimitz
  • Middle school:Bowie
  • Elementary school:Haleyj

Finances and disclosures

  • Price:$1,999,999
  • Price per sq. ft.:$198.26
  • Tax amount:$37,106
MLS LogoInformation provided, in part, by North Texas Real Estate Information Systems, Inc. Last Updated February 15, 2026 Listings with the NTREIS logo are listed by brokerages other than Better Homes and Gardens Real Estate Winans.

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