
$1,999,999 USD
Multi Family Home for Sale, 1516 7th Street, Irving, Texas 75060
- MLS#21031053
- 20
- 12
Listed By 24fifteen Realty
The Multi Family Home for Sale located at 1516 7th Street, Irving, Texas 75060 is currently for sale. 1516 7th Street, Irving, Texas 75060 is listed for $1,999,999. This property has 20 bedrooms, 12 bathrooms.
Property features
Property
- Features: GarageDecorative Lighting
- Location: Building Or Complex Name
Lot/Land
- Land/Lot size:
0 m² (0.88 ft²)
Construction
- Year built: 1972
- Roofing: Asphalt
- Condition: Resale
- Construction: Brick
- Basement and foundation: On Slab
Bedrooms
- Bedrooms: 20
Bathrooms
- Total bathrooms: 12
- Full bathrooms: 10
- ½ bathrooms: 2
Heating and Cooling
- Heating system: ElectricCentral
- Cooling system: Ceiling FanElectricCentral
Utilities
- Telecommunication: Cable Available
- Other utilities: City WaterCity Sewer
Description
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.
Location
1516 7th Street, Irving, Texas 75060