10-Unit Apartment
For Sale
$1,850,000
Pending
1516 W 7th Street, Irving, TX 75060
MULTI_FAMILY - Irving, TX
Property SizeContact for details
Lot Size0.88 Acres
Days on Market48
Property Features for 1516 W 7th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
20
Bathrooms
12
Full bathrooms
10
Half bathrooms
2
Rooms
Bedroom 12, Bathroom 7, Bedroom 2, Bedroom 3, Bathroom 12, Bedroom 11, Bedroom 6, Bathroom 9, Bathroom 10, Bedroom 9, Bedroom 15, Bathroom 3, Bedroom 5, Bedroom 8, Bedroom 14, Bathroom 4, Bathroom 2, Bedroom 4, Bedroom 7, Bedroom 20, Bedroom 1, Bedroom 18, Bathroom 5, Bathroom 6, Bathroom 8, Bedroom 19, Bedroom 13, Bedroom 10, Bedroom 16, Bedroom 17, Bathroom 1, Bathroom 11
Parking features
Garage
Interior features
BuiltInFeatures, DecorativeDesignerLightingFixtures, CableTv
Appliances
Dishwasher, Disposal, VentedExhaustFan
Subdivision
Irving Park Acres
Elementary school
Haleyj
Middle school
Bowie
High school
Nimitz
Elementary school district
Irving ISD
Middle school district
Irving ISD
High school district
Irving ISD
Directions
GPS
Standard status
Pending
APN
32221500000470100
Lot size
0.88 Acres
Taxes and HOA fees
Tax Description
IRVING PARK ACRES LT 47 LESS ROW ACS 0.9469 C
Tax Annual Amount
37106
Legal Description
IRVING PARK ACRES LT 47 LESS ROW ACS 0.9469 C
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Ceiling Fan(s), Central Air, Electric
Water source
Public
Building Details
Year built
1972
Floors in Building
2
Number of units
10
Building materials
Brick
Roof type
Asphalt
Listing Agency:
24fifteen Realty
(972) 942-0222
Listed By:
Diane Carpenter · License #0789408
(512) 770-6526
Added: Jul 17
Changed: Aug 4
Last Checked: Sep 2 at 5:06PM
MLS# 21231711
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This 10-unit apartment building is a brick multifamily property built in 1972. The unit mix includes 1-, 2-, and 3-bedroom floor plans, with layouts designed to support practical tenant living. The property consists of four tenant buildings plus an additional building for storage. Exterior roofing is asphalt. Heating and cooling are electric, with central systems and ceiling fans.
Utilities include public water and public sewer. Parking is provided via garage.
Financially, the offering references a 4.9% cap rate. The information provided emphasizes value-add through improvements and rental adjustments, supported by an investor-focused outlook for increasing net operating income.
Utilities include public water and public sewer. Parking is provided via garage.
Financially, the offering references a 4.9% cap rate. The information provided emphasizes value-add through improvements and rental adjustments, supported by an investor-focused outlook for increasing net operating income.
Key Highlights
- 10‑unit apartment building with 1-, 2-, and 3‑bedroom units
- Four tenant buildings plus an additional building for storage
- 0.884‑acre lot
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
567
Businesses Nearby
Explore this area
Business Placement
Demographics for 75060, TX
47,955
Population
15,538
Households
3.1
Avg Household Size
34
Median Age
18%
College-Educated
64%
High-School Grad
12.1 sq mi
ZIP Area
3,963
Density / Sq Mi
$69,708
Median Household Income
$35,508
Median Earnings
$1,367
Median Rent
$224,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 10-unit brick apartment property with 1-, 2-, and 3-bedroom units and central electric HVAC on a 0.884-acre lot.
Where is this apartment building located?
The property is located at 1516 W 7th Street Irving, TX.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 10‑unit apartment building with 1-, 2-, and 3‑bedroom units; Four tenant buildings plus an additional building for storage; 0.884‑acre lot
