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    1516 W 7Th St Irving, TX 75060

    New
    For Sale
    $1,999,999

    Multiple Single Units - Irving, TX

    Lot size:
    0.88 Acres
    Days on Market:
    3
    Last Refresh:
    Dec 5 at 8:06 am

    Property Features for 1516 W 7Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    20
    Bathrooms
    12
    APN
    32221500000470100
    Parking features
    Garage, Other
    Interior features
    Built-in Features, Cable Tv Available, Decorative Lighting
    Appliances
    Dishwasher, Garbage Disposer, Washer
    Lot size
    0.88 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Central, Electric (Heating)
    Cooling system
    Ceiling Fan(s), Central Air, Electric

    Building Details

    Year built
    1972
    Floors in Building
    2
    Flooring type
    Other
    Building materials
    Brick
    Roof type
    Asphalt
    Architectural style
    Other

    Sprout Realty (512) 770-6526

    Listing agent Diane Carpenter (972) 942-0222 License #0789408

    Listing date Dec 3, 2025

    MLS# 21031053 Listing URL

    Copyright © 2025 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Irving Multifamily Investment Opportunity

    Elm Road Apartments is a community in Irving, Texas, 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. The property is listed with the City of Irving as Elm Road Apartments and is maintained under a single tax filing, designed as one cohesive neighborhood. 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. Situated on 0.884 acres in Dallas County, this property offers a 4.9% cap rate and 13.5 NOI. This property represents both stability and opportunity for investors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment Apartment Building

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Irving
    County
    Dallas
    State
    Texas
    Longitude
    -96.965339
    Latitude
    32.807237

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    FAQs

    What type of property is this?
    Apartment building - Ten-unit apartment complex with private yards and dedicated parking.
    Where is this apartment building located?
    The property is located at 1516 W 7Th St Irving, TX.
    What is the asking price?
    The asking price for this property is $1,999,999.
    What are key features of this property?
    This property features: - Prime Irving location; - Strong tenant appeal; - 13.5 NOI
    (972) 942-0222
    Request Owner's contact information
    1516 W 7Th St Irving, TX 75060
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    Irving, TX 75060
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1516 W 7Th St Irving, TX 75060
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