1516 W 7th Street, Irving, TX 75060
1516 W 7th Street, Irving, TX 75060
1516 W 7th Street, Irving, TX 75060
1516 W 7th Street, Irving, TX 75060
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
DMTX Realty Group

DMTX Realty Group

+1(512) 751-6060
$ 1,900,000
Est. payment | /mo

0.88 Acres Lot

Save Virtual Tour
$ 1,900,000
Est. payment | /mo
Save Virtual Tour

0.88 Acres Lot

Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Subdivision Irving Park Acres

MLS Listing ID 21215883

Total Fin. Sqft 10088

Year Built 1972

Annual Tax Amount $37,106

Lot Size 0.884 Acres

Acres 0.884

Property Sub-Type Business

Property Description

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.

Location

State TX

County Dallas

Zoning Multi-Family

Direction GPS- 15 minutes from DFW Airport

Interior

Heating Central, Electric

Cooling Ceiling Fan(s), Central Air, Electric

Flooring Other

Heat Source Central, Electric

Exterior

Utilities Available City Sewer, City Water

Roof Type Asphalt

Garage No

Building

Foundation Slab

Structure Type Brick

Others

Acceptable Financing 1031 Exchange, Cash, Contact Agent, Conventional

Listing Terms 1031 Exchange, Cash, Contact Agent, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21215883

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)
©2026 North Texas Real Estate Information Systems.
Listed by Diane Carpenter • 24fifteen Realty

Nearby Locations

DMTX Realty Group

Top 1% Real Estate Team in Texas

Over $2 Billion in Total Sales

+1(512) 751-6060

info@dmtx.com

1617 W 6th St Suite C, Austin, TX, 78703, USA

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from DMTX Realty Group, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

1516 W 7th Street