$1,850,000

1516 W 7th Street, Irving, TX 75060

  • 20 beds |
  • 12 baths |
  • 10,088 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1972
  • Property Lot Size Icon0.88acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $183/sqft
  • Property List Date Icon Listed 4 months ago

Property Description

This multifamily property presents a compelling opportunity for investors seeking value-add potential in the Dallas-Fort Worth market. Serious Portfolio Value Add! this asset offers the ability to increase income through strategic improvements and rental adjustments. The property features multiple units with functional layouts and a location positioned 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. 10 units, 1,2, and 3 bedroom choices. 4 buildings for tenants and an extra building for storage! So much potential in one property in a high renter populated city. This is truly a special income property. Investors will appreciate the opportunity to enhance cash flow through: Rental rate optimization based on local comparables Interior and exterior updates Operational efficiencies This opportunity may be suitable for investors looking to expand or diversify a real estate portfolio within a high-demand region. Additional financials, rent roll, and property details available upon request. With its prime Irving location, strong tenant appeal, conveniently located between Dallas and Ft. Worth. With a solid 13.5 NOI, and a 4.9% cap rate, this property represents both stability and opportunity for investors.

Listing Status:
Pending
Data Last Updated:
August 16, 2026 at 1:20PM
Listing Office:
24fifteen Realty : 972-942-0222
Listing Agent:
Diane Carpenter :
Contact:
972-942-0222
MLS ID:
21231711
  • General: Built-in FeaturesDecorative/Designer Lighting FixturesCable TV
  • Appliances: DishwasherDisposalVented Exhaust Fan
  • Flooring: Other
  • A/C: Central AirCeiling Fan(s)Electric
  • Heating: CentralElectric
  • Fireplace: Fireplaces: 0
  • Pool: None
  • Parking: Additional ParkingGarageOtherParking spaces: 0
  • Roofing: Asphalt
  • General: Brick2Slab
  • Originating MLS: NTR
  • School District: Irving ISD
  • County: Dallas
  • Zoning: IRVING PARK ACRES LT 47 LESS ROW ACS 0.9469 C32221500000470100
  • Utilities: Sewer AvailableWater AvailableCable Available
  • Water: Public
  • Sewer: Public Sewer
  • Source: NTR

This listing courtesy of Diane Carpenter , 24fifteen Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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