515 Olaf DR A & B, Temple, TX 76504

• 2,538 sqft

Property Description

Exceptional opportunity to own a well-maintained duplex in Temple offering immediate income and long-term upside. Whether you’re an investor seeking a truly turn-key asset or an owner-occupant looking to offset your mortgage, this property delivers flexibility and value. Each unit features a spacious 3-bedroom, 2-bath layout with no carpet, dedicated in-unit laundry rooms, and large private fenced backyards backing to peaceful greenspace, creating a rare sense of privacy for tenants. Unit A is further enhanced with stainless steel appliances, adding modern appeal. Current rental income provides strong in-place cash flow with Unit A leased at $1,290/month through 7/31/2026 and Unit B leased at $1,365/month through 5/31/2026, offering immediate returns with future flexibility to continue leasing or owner-occupy. Major capital improvements have already been completed, including both HVAC systems replaced in February 2026 with transferable 10-year warranties and a roof replaced in 2020, significantly reducing near-term maintenance expenses and increasing investor confidence. Ideally located with convenient access to I-35, several golf courses, shopping, dining, fitness centers, hospitals, Lake Belton, Mary Hardin-Baylor University and major employers, this property is positioned for continued rental demand and long-term appreciation. Don’t miss this rare opportunity to secure a low-maintenance, income-producing property with built-in flexibility in a growing market. (Interior photos were taken prior to current tenancy).

Listing Status:

Active

Data Last Updated:

May 21, 2026 at 7:19AM

Listing Office:

Compass RE Texas, LLC : 512-656-9463

Listing Agent:

Meleah Wehman : (512) 656-9463

MLS ID:

6331533

Interior

• General: Ceiling Fan(s)Laminate CountersDouble VanityNo Interior StepsPantryPrimary Bedroom on MainWalk-In Closet(s)
• Rooms: Primary BedroomBedroomPrimary BathroomBathroomKitchenFamily RoomLaundry
• Appliances: DishwasherDisposalExhaust FanFree-Standing Electric RangeFree-Standing Refrigerator
• Laundry: InsideLaundry Closet
• Flooring: No CarpetTileVinyl
• A/C: Ceiling Fan(s)Central Air
• Heating: Central
• Fireplace: Fireplaces: 0
• Eco/Green Feature: NoneNone

Exterior

• General: Rain GuttersNo Exterior StepsPrivate Yard
• Other Structures: Front PorchSide Porch
• Parking: AttachedGarageGarage Faces FrontOutside

Construction

• Roofing: Shingle
• Windows: Double Pane Windows
• General: OneSlab

Location

• HOA Amenities: See RemarksCurbsStreet Lights
• Originating MLS: actris
• School District: Temple ISD
• County: Bell

Lot

• Zoning: LIBERTY HILL PHASE IIBLOCK 002LOT 00060808045650
• View: See Remarks
• Fencing: Back YardFencedPrivacy

Utilities

• Utilities: Electricity ConnectedSewer ConnectedWater Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: actris