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1516 W 7th Street

Irving, TX 75060
  • $1,900,000
  • STATUS: Active
  • ON SITE: 50 Days
  • MLS #: 21215883
UPDATED: 13 min ago
$1,900,000
  • 0
    BEDS
  • 0.88
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1972
County:
Area:

School Ratings & Info

Offered by Diane Carpenter of 24fifteen Realty: 972-942-0222.

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.

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© 2026 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Best Local Team | Post Oak Realty. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Best Local Team | Post Oak Realty are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2026-05-13T15:46:44.823.
www.bestlocalteam.com/homes/174355020
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1516 W 7th Street Irving, TX 75060

  • Price: $1,900,000
  • Status: Active
  • On Site: 50 Days
  • Updated: 13 min ago
  • MLS #: 21215883
0
Beds
0
Baths
0
½ Baths
0.88
Acres
1972
Built
Neighborhood:
Irving Park Acres
County:
Dallas
Area:
Irving
Property 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.
Exterior Features

Construction Brick Construction Materials Walls Brick Foundation Slab Lot Size Source Public Records Parking Or Garage Additional ParkingGarageOther Roof Asphalt Waterfront YN No

Interior Features

Ceiling Height 11 to 14 Feet Cooling Ceiling Fan(s)Central AirElectric Flooring Other Handicap YN No Heating CentralElectric Sq Ft Gross 48000

Property Features

Alarm Or Security Type Smoke Detector(s) Building Area Source Assessor Building Area Total 10088.00 Building Use Other Construction Status Preowned Gross Annual Expenses 59627.00 Gross Annual Income 159660.00 Insurance Expense 6018 Leaseable Spaces 10 Listing Terms 1031 ExchangeCashContact AgentConventional Multi Zoning No Municipal Utility District No Net Operation Income 94015 Possession Closing/Funding Property Type Business Tenant Pays All Utilities Transaction Includes Land & Improvements Unexempt Taxes 37106 Utilities City SewerCity Water Will Subdivide Yes Zoning Multi-Family

North Texas Real Estate Information Systems MLS logo Listing information © 2026 North Texas Real Estate Information System.


© 2026 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Best Local Team | Post Oak Realty. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Best Local Team | Post Oak Realty are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2026-05-13T15:46:44.823.
 
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Best Local Team | Post Oak Realty
2701 Wind River Lane
Denton TX, 76210
Offered by Diane Carpenter of 24fifteen Realty: 972-942-0222.