515 Olaf Drive #A & B, Temple, TX 76504
Local realty services provided by:Better Homes and Gardens Real Estate Winans
Listed by: meleah c. wehman
Office: compass re texas, llc.
MLS#:607802
Source:TX_FRAR
Price summary
- Price:$309,000
- Price per sq. ft.:$121.75
About this home
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 to lease or owner-occupy. 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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Home facts
- Year built:2004
- Listing ID #:607802
- Added:47 day(s) ago
- Updated:May 11, 2026 at 04:11 PM
Rooms and interior
- Flooring:Carpet Free, Ceramic Tile, Vinyl
- Bathrooms Description:Double Vanity, Tub Shower
- Kitchen Description:Dishwasher, Disposal, Electric Range, Laminate Counters, Pantry, Range, Refrigerator, Solid Surface Counters, Some Electric Appliances, Vented Exhaust Fan
- Bedroom Description:All Bedrooms Down
- Living area:2,538 sq. ft.
Heating and cooling
- Cooling:Ceiling Fans, Central Air, Electric
- Heating:Central, Electric
- Central air:Yes
Structure and exterior
- Roof:Composition, Shingle
- Year built:2004
- Building area:2,538 sq. ft.
- Lot area:0.19 Acres
- Architectural Style:Townhouse
- Construction Materials:Brick, Masonry
- Exterior Features:Covered, Patio, Porch, Private Yard, Rain Gutters
- Foundation Description:Slab
- Levels:1 Story
Schools
- High school:Temple High School
- Middle school:Lamar Middle School
- Elementary school:Western Hills Elementary
Utilities
- Water:Public
Finances and disclosures
- Price:$309,000
- Price per sq. ft.:$121.75
Features and amenities
- Appliances:Dishwasher, Disposal, Electric Range, Electric Water Heater, Range, Refrigerator, Some Electric Appliances, Vented Exhaust Fan
- Laundry features:Electric Dryer Hookup, In Unit, Laundry Room, Washer Hookup
- Amenities:Pull-Down Attic Stairs, Walk-in Closets
Parking
- Parking description:1 Car Garage, Attached, Garage, Garage Faces Front
- Garage:Yes
- Garage spaces:1
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