1516 W 7th Street, Irving, TX 75060
Local realty services provided by:CENTURY 21 Mike Bowman, Inc.
Listed by: diane carpenter972-942-0222
Office: 24fifteen realty
MLS#:21031053
Source:GDAR
Price summary
- Price:$1,999,999
- Price per sq. ft.:$198.26
About this home
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.
Contact an agent
Home facts
- Year built:1972
- Listing ID #:21031053
- Added:173 day(s) ago
- Updated:March 12, 2026 at 11:06 PM
Rooms and interior
- Bedrooms:20
- Total bathrooms:12
- Full bathrooms:10
- Half bathrooms:2
- Kitchen Description:Dishwasher, Disposal, Vented Exhaust Fan
- Living area:10,088 sq. ft.
Heating and cooling
- Cooling:Ceiling Fans, Central Air, Electric
- Heating:Central, Electric
- Central air:Yes
Structure and exterior
- Year built:1972
- Building area:10,088 sq. ft.
- Lot area:0.88 Acres
- Construction Materials:Brick
- Foundation Description:Slab
- Levels:2 Story
Schools
- High school:Nimitz
- Middle school:Bowie
- Elementary school:Haleyj
Finances and disclosures
- Price:$1,999,999
- Price per sq. ft.:$198.26
- Tax amount:$37,106
Features and amenities
- Appliances:Dishwasher, Disposal, Vented Exhaust Fan
- Amenities:Smoke Detectors
Parking
- Garage:Yes
New listings near 1516 W 7th Street
- Open Sat, 3 to 5pmNew
$760,000Active4 beds 4 baths3,203 sq. ft.7315 Comal Drive, Irving, TX 75039
MLS# 21206092Listed by: KELLER WILLIAMS REALTY-FM - Open Sun, 2 to 4pmNew
$750,000Active4 beds 3 baths2,945 sq. ft.7411 Sugar Maple Drive, Irving, TX 75063
MLS# 21199723Listed by: DAVE PERRY MILLER REAL ESTATE - New
$499,000Active2 beds 3 baths2,482 sq. ft.555 Via Amalfi #203, Irving, TX 75039
MLS# 21205302Listed by: BRADFORD ELITE REAL ESTATE LLC - Open Sat, 12 to 3pmNew
$335,000Active4 beds 3 baths2,160 sq. ft.4145 Astoria Street, Irving, TX 75062
MLS# 21206732Listed by: PETERKIN REALTY - New
$291,000Active3 beds 2 baths1,449 sq. ft.509 Robinhood Drive, Irving, TX 75061
MLS# 21206763Listed by: OPENDOOR BROKERAGE, LLC - Open Sat, 1 to 3pmNew
$649,000Active3 beds 2 baths2,291 sq. ft.2115 N Hill Drive, Irving, TX 75038
MLS# 21196998Listed by: COMPASS RE TEXAS, LLC. - New
$889,990Active3 beds 5 baths2,667 sq. ft.1364 Cherry Hills Lane, Irving, TX 75038
MLS# 21206147Listed by: HOMESUSA.COM - Open Sat, 12 to 2pmNew
$375,000Active4 beds 2 baths2,111 sq. ft.2609 Quail Ridge, Irving, TX 75060
MLS# 21201773Listed by: CHRISTIE'S LONE STAR - New
$395,000Active3 beds 2 baths1,832 sq. ft.1133 Bay Side Drive, Irving, TX 75060
MLS# 21203110Listed by: TNG REALTY - New
$1,060,000Active6 beds 5 baths4,460 sq. ft.2812 Almanzor Avenue, Irving, TX 75062
MLS# 21204635Listed by: POWERSTAR REALTY