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1516 W 7th Street, 
Irving, TX 75060

$1,850,000


20

Beds


12

Baths


10,088

Sq Ft


Multi-Family


Virtual Tour

Pending

Listed by

Diane Carpenter

24fifteen Realty

Last updated:

October 27, 2026, 08:37 AM

MLS#

21231711

Source:

GDAR

About This Home

1516 W 7th Street

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.

Home Facts

Multi-Family

12 Baths

20 Bedrooms

Built in 1972

Subdivision & Development:

Irving Park Acres

Price Summary

1,850,000

$183 per Sq. Ft.

MLS #:

21231711

Last Updated:

October 27, 2026, 08:37 AM

Added:

6 month(s) ago


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:

$1,850,000

Price per Sq. Ft:

$183 per Sq. Ft.

MLS Logo
Information provided, in part, by North Texas Real Estate Information Systems, Inc. Last Updated October 27, 2026 Listings with the NTREIS logo are listed by brokerages other than Coldwell Banker Regional Realty.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.