1516 7th Street, Irving, Texas 75060
1/30

$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.

Date Updated : Dec 4, 2025
Diane Carpenter
24fifteen Realty

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

1516 7th Street, Irving, Texas 75060