Active

1516 W 7th Street

Irving, Texas 75060

$1,850,000 $7,799/Mo

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Overview

Bed

Bath

0.88

Acre(Lot)

Description

This multifamily property presents a compelling opportunity for investors seeking value-add potential in the Dallas-Fort Worth market. Serious Portfolio Value Add! this asset offers the ability to increase income through strategic improvements and rental adjustments. The property features multiple units with functional layouts and a location positioned within a strong rental corridor. Current operations provide a foundation for increased net operating income, with market data supporting higher rental rates in the area. 10 units, 1,2, and 3 bedroom choices. 4 buildings for tenants and an extra building for storage! So much potential in one property in a high renter populated city. This is truly a special income property. Investors will appreciate the opportunity to enhance cash flo w through: Rental rate optimization based on local comparables Interior and exterior updates Operational efficiencies This opportunity may be suitable for investors looking to expand or diversify a real estate portfolio within a high-demand region. Additional financials, rent roll, and property details available upon request. With its prime Irving location, strong tenant appeal, conveniently located between Dallas and Ft. Worth. With a solid 13.5 NOI, and a 4.9% cap rate, this property represents both stability and opportunity for investors.

Property Details

Property Type : Residential Income

Price : $1,850,000

AD Id : 76885101

MLS Id : 556421425

Beds : 20

Lot Size : 0.88 Acre

Year Built : 1972

County : Dallas

Subdivision: Irving Park Acres

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total Bedrooms: 20

Bathroom Information

Total Baths: 10.5 Full Baths: 10 Half Baths: 2
Interior Features

Built-in Features,Cable TV Available,Decorative Lighting

Appliances

Dishwasher,Disposal,Vented Exhaust Fan

Utilities

City Sewer,City Water
Cooling Features

Ceiling Fan(s),Central Air,Electric

Heating Source

Central,Electric

Fireplace

Number of Fireplaces: 0

Building Information

Built Year: 1972 Building Area Total: 10,088 Construction: Brick Roof Type: Asphalt
Foundation

Slab

Security Features

Smoke Detector(s)
Construction Materials

Brick

Lot Information

Lot Size (Acr): 0.8840 Lot Size Units: Acres Lot Size Square Feet: 38,507
Property Information

Property Type: Residential Income Property Sub Type: Multiple Single Units Subdivision: Irving Park Acres City: Irving State: Texas Directions: GPS Property Status: Active Levels: Two Property Age: 54 Year Built Details: Preowned

Listing Price Information

Original List Price: $1,850,000
Listing Information

Possession: Closing/Funding

Tax Information

Parcel Number: 32221500000470100 Tax Legal Description: IRVING PARK ACRES LT 47 LESS ROW ACS 0.9469 C Tax Lot: 47 Unexempt Taxes: $37,106

Parking Information

Parking: 0 Parking Features: Additional Parking,Garage,Other
Homeowners Association Information

HOA Type: None

School Information

Elementary School: Haleyj Middle School: Bowie High School: Nimitz School District: Irving ISD
Utility Information

Utilities: City Sewer,City Water

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
717 Van Horn Drive, Irving, TX, 75060	$379,999	3	2	1,604	1,604 SqFt
1706 Windsong Lane, Irving, TX, 75060	$199,900	2	1	812	812 SqFt
320 S Irving Heights Dr.., Irving, TX, 75060	$465,000	3	3	3,426	3,426 SqFt
1109 E Oakdale Road, Irving, TX, 75060	$625,000	4	3	3,396	3,396 SqFt
629 Bur Oak Drive, Irving, TX, 75060	$299,900	3	2	1,401	1,401 SqFt
337 Lucille Street, Irving, TX, 75060	$695,000	4	3	3,579	3,579 SqFt
2317 Willow Oak Drive, Irving, TX, 75060	$495,000	4	4	2,671	2,671 SqFt
516 E 6th Street, Irving, TX, 75060	$550,000	4	1	1,893	1,893 SqFt
1003 Ash Street, Irving, TX, 75060	$329,000	4	3	1,584	1,584 SqFt
2009 Red Oak Drive, Irving, TX, 75060	$350,000	4	3	1,859	1,859 SqFt

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ByOwner last updated this listing 06/15/2026 @ 14:41

MLS: 556421425 LISTED BY: Diane Carpenter, 24fifteen Realty 469-364-2338 SOURCE: NTREIS - North Texas Real Estate Information