About This Home

This 20-bedroom, 12-bathroom residential multi family at 1516 W 7th Street in Irving, TX is listed for $1,850,000. Built in 1972, on a 0.88 acres lot.

Key Features

  • Built in 1972
  • 0.88 acre lot
  • 2 stories

Property Details

2 stories
10 full, 2 half
1972

Amenities

A/C
Listing 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.

Monthly Cost Estimate

$9,894/mo

20% down · 6.5% · 30 years

Principal$1,338
Interest$8,017
Insurance$540

Estimates only. Actual payments may vary.

Location

1516 W 7th Street

Irving, TX 75060

Irving Park Acres

Features & Amenities

Interior Features

BuiltInFeaturesDecorativeDesignerLightingFixturesCableTv

Property Details

Construction

Brick

Parking

Garage

Heating

CentralElectric (Heating)

Cooling

Central AirElectricCeiling Fan(s)

Appliances

DishwasherDisposalVentedExhaustFan

Questions & Answers

This 20-bedroom, 12-bathroom residential multi family at 1516 W 7th Street is listed at $1,850,000. The estimated monthly payment is $9,895 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1972, 0.88 acre lot, 2 stories. Interior Features: BuiltInFeatures, DecorativeDesignerLightingFixtures, CableTv.

This property is listed by Diane Carpenter.

DC

Diane Carpenter

Agent at Sprout Realty

Listed by Sprout Realty · Broker phone: (512) 770-6526 · View on Broker Site

MLS# 21231711· Source: North Texas Real Estate Information Systems, Inc.· 3 days on PropertySimple

Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1516 W 7th Street, Irving, TX 75060

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