Irving, TX 75060 1516 W 7th Street
$1,900,000


Presented By: 24fifteen Realty
Disclaimer: The information contained in this listing has not been verified by Bold Real Estate and should be verified by the buyer.
Home Details
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.
Presented By: 24fifteen Realty
Interior Features for 1516 W 7th Street
Other Interior Features
FlooringOther
Lock Box TypeNone
SQFT Gross48000
Total Stories1
Total Units10
General for 1516 W 7th Street
Building UseOther
Business TypeResidential
Ceiling Height11 to 14 Feet
CityIrving
Construction MaterialsBrick
CoolingCeiling Fan(s), Central Air, Electric
CountyDallas
DirectionsGPS- 15 minutes from DFW Airport
Gross Annual Expenses59627.00
HeatingCentral, Electric
Insurance Expense6018
Listing Terms1031 Exchange, Cash, Conventional
Occupant TypeTenant
PossessionClosing/Funding
Property SubtypeBusiness
Property TypeCommercial Sale
RoofAsphalt
Security FeaturesSmoke Detector(s)
Standard StatusActive
StatusActive
Subdivision NameIrving Park Acres
Tenant PaysAll Utilities
Unexempt Taxes37106
UtilitiesCity Sewer, City Water
Virtual Tour URL UnbrandedClick here
Will SubdivideNo
Year Built1972
Year Built DetailsPreowned
Zoning DescriptionMulti-Family
Exterior for 1516 W 7th Street
Building Area Total10088.00
Foundation Slab
Lot Size.5 to < 1 Acre
Lot Size Acres0.8840
Lot Size Area0.8840
Lot Size SourcePublic Records
Lot Size Square Feet38507.0400
Lot Size UnitsAcres
Parking FeaturesAdditional Parking, Garage, Other
WaterfrontNo
Additional Details
Price History
Suzanne Smith
Broker/Owner
