1516 W 7th Street, Irving, TX 75060 - MLS#21031053 - John Mays

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John Mays

john@john-mays.com +1(817) 681-2167

$1,999,999

Est. payment - /mo

20 Beds

12 Baths

0.88 Acres Lot

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Key Details

Property Type Single Family Home

Sub Type Multiple Single Units

Listing Status Active

Purchase Type For Sale

Subdivision Irving Park Acres

MLS Listing ID 21031053

Bedrooms 20

Full Baths 10

Half Baths 2

HOA Y/N None

Total Fin. Sqft 10088

Year Built 1972

Annual Tax Amount $37,106

Lot Size 0.884 Acres

Acres 0.884

Property Sub-Type Multiple Single Units

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

Direction GPS

Interior

Interior Features Built-in Features, Cable TV Available, Decorative Lighting

Heating Central, Electric

Cooling Ceiling Fan(s), Central Air, Electric

Flooring Other

Appliance Dishwasher, Disposal, Vented Exhaust Fan

Heat Source Central, Electric

Exterior

Utilities Available City Sewer, City Water

Roof Type Asphalt

Garage No

Building

Story Two

Foundation Slab

Level or Stories Two

Structure Type Brick

Schools

Elementary Schools Haleyj

Middle Schools Bowie

High Schools Nimitz

School District Irving Isd

Others

Ownership See Offer Requirements

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Diane Carpenter • 24:15 Realty

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John Mays

+1(817) 681-2167

Agent | License ID: 0691996

Agent License ID: 0691996

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1516 W 7th Street Irving, TX 75060

John Mays

Key Details

Location

Interior

Exterior

Building

Schools

Others

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