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515 Olaf Drive #A B

Temple, TX 76504
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Bed 6

Bed

Bath 4

Bath

SqFt2,538

Sqft

Acres0.19

Acre(Lot)

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 7/31/2027 and Unit B leased at $1,365/month through 5/31/2026, offering immediate returns with future flexibility to continue l easing 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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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $299,999

AD Id : 76379190

MLS Id : 6331533

Beds : 6

Lot Size : 0.19 Acre

Living Area Size : 2,538

Year Built : 2004

Garage : 1

County : Bell

Subdivision: Liberty Hill Ph Ii

  • Map Map

Map

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Feature Features

  • Interior Features

    CeilingFans, DoubleVanity, LaminateCounters, MainLevelPrimary, NoInteriorSteps, Pantry, WalkInClosets
    Roof: Shingle
    Appliances: Dishwasher, ExhaustFan, FreeStandingElectricRange, FreeStandingRefrigerator, Disposal
    Laundry Features: Inside, LaundryCloset, WasherHookup, ElectricDryerHookup
  • Heating & Cooling

    Heating: Central Has Cooling: Yes

  • Building Information

    Year Built: 2004
    Construction Materials: Brick, Masonry, Masonite
    Stories: 1
    Private Pool: No
    Water front Features: None
  • Exterior Features

    Exterior Features: NoExteriorSteps, PrivateYard, RainGutters

  • Lot Information

    Main Square Feet: 0.1928 Lot Size Acres: 0.1928 Lot Description: BackYard,FrontYard,InteriorLot,Level,FewTrees

    Property Information

    Subdivision: Liberty Hill Ph Ii Source Property Type: ResidentialIncome Property SubType: Duplex Direction Faces: East Levels: One Property Age: 22

  • Listing Price Information

    Listing Price: $299999
    Cash, Conventional

  • Tax Information

    Parcel Number: 0808045650 Tax Lot: 6 Tax Block: 2 Tax Year: 2025 Annual Tax: $7022.85 Tax Legal Desc: LIBERTY HILL PHASE II, BLOCK 002, LOT 0006

  • Parking Information

    Attached, GarageFacesFront, Garage, Outside

    Garage Information

    Garage Space: 1 Pets Allowed: CatsOk, DogsOk, Negotiable

  • School Information

    Elementary School: Western Hills Junior High School: Lamar (Temple ISD) Senior High School: Temple
  • Utility Information

    ElectricityAvailable, ElectricityConnected, SewerConnected, WaterConnected
  • Location Information

    Direction: From I-35, take the exit for W Adams Ave (FM 2305) and head west. Continue on W Adams Ave, then turn right onto S 31st Street. Turn left onto W Avenue M, then right onto Olaf Drive. The property will be on your right. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1110 Zora Drive, Temple, TX, 76504 $399,000 3 2 2,588 2,588 SqFt
1106 Zora Drive #A B, Temple, TX, 76504 $389,900 6 4 2,644 2,644 SqFt
1407 S Martin Luther Ki.., Temple, TX, 76504 $345,000 6 6 2,752 2,752 SqFt
1000 S Martin Luther Ki.., Temple, TX, 76504 $345,000 6 6 2,752 2,752 SqFt
917 S 4th, Temple, TX, 76504 $149,500 -- -- --
1210 S 5th Street, Temple, TX, 76504 $90,000 2 2 1,224 1,224 SqFt
5 9 AND 15TH S 19th Str.., Temple, TX, 76504 $399,900 10 6 1,200 1,200 SqFt
1310 S 21st Street, Temple, TX, 76504 $229,900 4 2 --
2214 Saulsbury Drive, Temple, TX, 76504 $399,000 8 4 3,568 3,568 SqFt
414 Cheyenne Drive, Temple, TX, 76504 $239,000 -- -- --

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 06/05/2026 @ 03:18

MLS: 6331533 LISTED BY: Meleah Wehman, Compass RE Texas, LLC 512-575-3644 SOURCE: ACTRIS

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