1516 W 7th Street new Save Request In-Person Tour Request Virtual Tour
Irving,TX 75060
Key Details
Property Type Multi-Family
Sub Type Multiple Single Units
Listing Status Active
Purchase Type For Sale
Subdivision Irving Park Acres
MLS Listing ID 21031053
Bedrooms 20
Full Baths 10
Half Baths 2
Year Built 1972
Annual Tax Amount $37,106
Lot Size 0.884 Acres
Property Sub-Type Multiple Single Units
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.
Location
State TX
County Dallas
Interior
Heating Central,Electric
Cooling Ceiling Fan(s),Central Air,Electric
Flooring Other
Exterior
Utilities Available City Sewer,City Water
Roof Type Asphalt
Building
Story Two
Foundation Slab
Structure Type Brick
Schools
Elementary Schools Haleyj
Middle Schools Bowie
High Schools Nimitz
School District Irving Isd
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21031053