1516 W 7th Street, Irving, TX 75060

Irving
Local realty services provided by:Better Homes and Gardens Real Estate Winans
1516 W 7th Street,Irving, TX 75060
$1,850,000
Virtual Tour
  • 20 Beds
  • 12 Baths
  • 10,088 sq. ft.
  • Multi-family
  • Pending
Listed by: diane carpenter
Office: 24fifteen realty
MLS#:21231711
Source:GDAR

Price summary

  • Price:$1,850,000
  • Price per sq. ft.:$183.39

About this home

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...

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Home facts

  • Year built:1972
  • Subdivision & Development:Irving Park Acres
  • Listing ID #:21231711
  • Added:203 day(s) ago
  • Updated:October 29, 2026 at 08:48 AM

Rooms and interior

  • Bedrooms:20
  • Total bathrooms:12
  • Full bathrooms:10
  • Half bathrooms:2
  • Kitchen Description:Dishwasher, Disposal, Vented Exhaust Fan
  • Living area:10,088 sq. ft.

Heating and cooling

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

Structure and exterior

  • Year built:1972
  • Building area:10,088 sq. ft.
  • Lot area:0.88 Acres
  • Construction Materials:Brick
  • Foundation Description:Slab
  • Levels:2 Story

Schools

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

Finances and disclosures

  • Price:$1,850,000
  • Price per sq. ft.:$183.39
  • Tax amount:$37,106

Features and amenities

  • Appliances:Dishwasher, Disposal, Vented Exhaust Fan
  • Amenities:Smoke Detectors

Parking

  • Garage:Yes
MLS LogoInformation provided, in part, by North Texas Real Estate Information Systems, Inc. Last Updated October 29, 2026 Listings with the NTREIS logo are listed by brokerages other than Better Homes and Gardens Real Estate Winans.

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