515 Olaf Dr #A & B, Temple, TX 76504
Local realty services provided by:CENTURY 21 Judge Fite Company
Listed by: meleah wehman
Office: compass re texas, llc.
MLS#:6331533
Source:ACTRIS
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 continue leasing 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 #:6331533
- Updated:March 29, 2026 at 02:53 PM
Rooms and interior
- Flooring:Tile, Vinyl
- Kitchen Description:Dishwasher, Disposal, Exhaust Fan, Free-Standing Electric Range, Free-Standing Refrigerator
- Living area:2,538 sq. ft.
Heating and cooling
- Cooling:Central
- Heating:Central
- Central air:Yes
Structure and exterior
- Roof:Shingle
- Year built:2004
- Building area:2,538 sq. ft.
- Lot Features:Back Yard, Curbs, Few Trees, Front Yard, Interior Lot, Level, Public Maintained Road
- Construction Materials:Brick, Masonite, Masonry Partial
- Exterior Features:Private Yard
- Foundation Description:Slab
Schools
- High school:Temple
- Elementary school:Western Hills
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$309,000
- Price per sq. ft.:$121.75
- Tax amount:$7,023 (2025)
Features and amenities
- Appliances:Dishwasher, Disposal, Electric Dryer Hookup, Exhaust Fan, Free-Standing Electric Range, Free-Standing Refrigerator, Washer Hookup
- Amenities:Pantry
Parking
- Parking description:Attached, Garage, Garage Faces Front
- Garage:Yes
- Garage spaces:1
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