About 1516 W 7th Street
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.
Features of 1516 W 7th Street
| MLS® # | 21031053 |
|---|---|
| Price | $1,999,999 |
| Bedrooms | 20 |
| Bathrooms | 10.20 |
| Full Baths | 10 |
| Half Baths | 2 |
| Acres | 0.88 |
| Year Built | 1972 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 1516 W 7th Street |
|---|---|
| Subdivision | Irving Park Acres |
| City | Irving |
| County | Dallas |
| State | TX |
| Zip Code | 75060-3786 |
Amenities
| Utilities | City Sewer, City Water |
|---|---|
| Garages | Additional Parking, Garage, Other |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Built-in Features, Cable TV Available, Decorative Lighting |
|---|---|
| Heating | Central, Electric |
| Fireplace | No |
Exterior
| Roof | Asphalt |
|---|---|
| Construction | Brick |
| Foundation | Slab |
School Information
| District | Irving ISD |
|---|---|
| Elementary | Haleyj |
| Middle | Bowie |
| High | Nimitz |
Listing Details
| Agent | Diane Carpenter |
|---|---|
| Office | 24:15 Realty |
| Contact Info | 469-364-2338 |