Value-Add Multifamily Portfolio
1516 W 7th Street, Irving, TX 75060
- Added:
- Apr 13, 2026
- Days on Market:
- 51
- Last Refresh:
- Jun 2 at 9:06 pm
Property Features for 1516 W 7th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 20
- Bathrooms
- 12
- Rooms
- Bedroom 1, Bedroom 3, Bedroom 4, Bedroom 11, Bedroom 9, Bathroom 10, Bedroom 19, Bedroom 16, Bathroom 7, Bathroom 4, Bedroom 12, Bathroom 1, Bedroom 8, Bathroom 8, Bathroom 12, Bedroom 15, Bedroom 20, Bathroom 9, Bedroom 17, Bedroom 18, Bathroom 11, Bathroom 2, Bedroom 5, Bedroom 14, Bathroom 3, Bedroom 10, Bedroom 2, Bathroom 5, Bedroom 6, Bedroom 13, Bathroom 6, Bedroom 7
- Parking features
- Garage
- Interior features
- BuiltInFeatures, DecorativeDesignerLightingFixtures, CableTv
- Appliances
- Dishwasher, Disposal, VentedExhaustFan
- Standard status
- Active
- 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
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Electric, Central Air, Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1972
- Floors in Building
- 2
- Number of units
- 10
- Building materials
- Brick
- Roof type
- Asphalt
Listing agent Diane Carpenter License #0789408 (512) 770-6526
Listing office 24fifteen Realty Austin, TX (972) 942-0222
Listing date Apr 13, 2026
MLS# 21231711
Listing URL
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.
HighLights
- 10‑unit multifamily property with 1-, 2-, and 3‑bedroom unit options
- 4 buildings for tenants plus an additional building for storage
- Year built 1972; brick construction; asphalt roof
- Central electric heating and central air cooling with ceiling fans
- Public water and public sewer; garage parking
- Reported 13.5 NOI and 4.9% cap rate (additional financials available upon request)
Overview
This value-add multifamily property offers an investor-oriented setup with 10 total units across four tenant buildings, plus an additional building for storage. Units feature functional layouts with 1-, 2-, and 3-bedroom choices, supporting a mix of renter profiles. The current operations provide a base for further income enhancement, with upside anticipated through strategic rental adjustments and interior and exterior updates, along with operational efficiency improvements.
Located in Irving in the Dallas-Fort Worth market, the property is described as being within a strong rental corridor and benefits from a convenient position between Dallas and Fort Worth. The offering includes a solid NOI profile as presented in the remarks, with additional financials, rent roll, and further property details available upon request.
For buyers or portfolio investors, this asset is positioned as a practical candidate for expanding or diversifying rental holdings where both stability and measurable opportunity for improvement are part of the thesis. If you’re looking for a manageable multi-building structure with clear value-add levers, this property merits review as part of a broader income strategy.
Located in Irving in the Dallas-Fort Worth market, the property is described as being within a strong rental corridor and benefits from a convenient position between Dallas and Fort Worth. The offering includes a solid NOI profile as presented in the remarks, with additional financials, rent roll, and further property details available upon request.
For buyers or portfolio investors, this asset is positioned as a practical candidate for expanding or diversifying rental holdings where both stability and measurable opportunity for improvement are part of the thesis. If you’re looking for a manageable multi-building structure with clear value-add levers, this property merits review as part of a broader income strategy.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment
Apartment Building
Location Insight
- Map
- Local Demand
- City
- Irving
- County
- Dallas
- State
- Texas
- Longitude
- -96.965339
- Latitude
- 32.807237
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Ten-unit multifamily with 1-, 2-, and 3-bedroom options, positioned for income growth through targeted improvements.
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 multifamily property with 1-, 2-, and 3‑bedroom unit options; 4 buildings for tenants plus an additional building for storage; Year built 1972; brick construction; asphalt roof
