Value-Add Multifamily Investment
1516 W 7th Street, Irving, TX 75060
- Added:
- Apr 13, 2026
- Days on Market:
- 51
- Last Refresh:
- Jun 2 at 8:06 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
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HighLights
- Value‑add potential through rental rate optimization and property improvements.
- Strong rental corridor location between Dallas and Ft. Worth.
- Existing 10 units with a mix of 1, 2, and 3‑bedroom options.
- Solid 13.5 NOI.
- Additional building for storage.
- Current operations provide a foundation for increased net operating income.
Overview
This multifamily property in Irving, Texas, offers investors a value-add opportunity in the Dallas-Fort Worth market. The property features multiple units with functional layouts and is located within a strong rental corridor. Current operations provide a foundation for increased net operating income, with market data supporting higher rental rates in the area. The property consists of 10 units with 1, 2, and 3-bedroom choices, distributed across 4 buildings for tenants and an additional building for storage. Investors can enhance cash flow through rental rate optimization, interior and exterior updates, and operational efficiencies. The property is located in a prime Irving location, conveniently situated between Dallas and Ft. Worth. The property has a 13.5 NOI and a 4.9% cap rate. The lot size is 0.884 acres.
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 - Multifamily property with value-add potential in Irving, Texas.
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: Value‑add potential through rental rate optimization and property improvements.; Strong rental corridor location between Dallas and Ft. Worth.; Existing 10 units with a mix of 1, 2, and 3‑bedroom options.
