1516 W 7th Street, Irving, TX 75060
Local realty services provided by:Better Homes and Gardens Real Estate Winans
Listed by:diane carpenter469-364-2338,469-364-2338
Office:24:15 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:1 day(s) ago
- Updated:September 21, 2025 at 11:43 AM
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
Information provided, in part, by North Texas Real Estate Information Systems, Inc. Last Updated September 21, 2025 Listings with the NTREIS logo are listed by brokerages other than Better Homes and Gardens Real Estate Winans.New listings near 1516 W 7th Street
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