1516 W 7TH STREET, IRVING, TX 75060
Homes for sale in Irving.
Homes for sale in 75060.
1516 W 7th Street
Irving, TX 75060
List Price$1,900,000
Listing #21215883
About This Property
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.
Property Features
Location Information
County
Dallas
Subdivision
Irving Park Acres
Interior Features
Has Fireplace
No
Floors
Other
Heating
Central, Electric
Tenant Pays
All Utilities
Cooling
Central Air, Ceiling Fan(s), Electric
Total Number of Units
10
Exterior Features
Construction
Brick
Lot Size in Acres
0.884
Foundation
Slab
Lot Size in Sq. Ft.
38,507
Roof
Asphalt
Possible Best Use
Other
Utilities
Sewer Available, Water Available
Zoning
Multi-Family
Security System
Smoke Detector(s)
Building Total Area (Sq. Ft.)
10,088
Parking Description
Additional Parking, Garage, Other
Is One Story
No
Has Garage
Yes
Additional Information
Year Built Details
Preowned
Status
Active
Property Type
COM
Tax Annual Amount
37106.0
Property SubType
Business
Lot Acres Source
Public Records
Year Built
1972
Similar Listings
Mortgage Calculator
$8,872
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$6,846
Monthly Tax
$1,583
Monthly Insurance
$443
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
Listing courtesy of
Diane Carpenter, 24fifteen Realty
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NTREIS - North Texas data last updated at April 29, 2026, 4:47 AM CT
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