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1516 W 7th Street, 
Irving, TX 75060

$1,999,999


20

Beds


12

Baths


10,088

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Diane Carpenter

Kenny Conoley

24:15 Realty

Last updated:

September 20, 2025, 08:39 PM

MLS#

21031053

Source:

GDAR

About This Home

1516 W 7th Street

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.

Home Facts

Multi-Family

12 Baths

20 Bedrooms

Built in 1972

Price Summary

1,999,999

$198 per Sq. Ft.

MLS #:

21031053

Last Updated:

September 20, 2025, 08:39 PM


Rooms & Interior

Bedrooms

Total Bedrooms:

20

Bathrooms

Total Bathrooms:

12

Full Bathrooms:

10

Interior

Living Area:

10,088 Sq. Ft.


Structure

Structure

Building Area:

10,088 Sq. Ft.

Year Built:

1972


Lot

Lot Size (Sq. Ft):

38,507


Finances & Disclosures

Finances

Price:

$1,999,999

Price per Sq. Ft:

$198 per Sq. Ft.

MLS Logo
Information provided, in part, by North Texas Real Estate Information Systems, Inc. Last Updated September 20, 2025 Listings with the NTREIS logo are listed by brokerages other than Coldwell Banker Apex, Realtors.

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By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.