# 1516 W 7th Street, Irving, TX 75060 > **TL;DR:** 20bd/12ba residential multi family, $1,850,000, built 1972. > A/C. Est. $9,895/mo. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $1,850,000 | | Bedrooms | 20 | | Bathrooms | 10 full, 2 half | | Year Built | 1972 | | Lot Size | 38,507 sqft (0.88 acres) | | Stories | 2 | | Property Type | Residential Multi Family (Other) | | Status | Pending | | Days on Market | 0 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $9,355 | | Estimated Insurance | $540 | | **Total** | **$9,895** | ## Nearby Schools - **Elementary:** Haleyj - **Middle:** Bowie - **High:** Nimitz ## Key Amenities - A/C ## Property Highlights - Built in 1972 - 0.88 acre lot - 2 stories ## Description ### Agent 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. ## Location - **Address:** 1516 W 7th Street, Irving, TX 75060 - **County:** Dallas - **Neighborhood:** Irving Park Acres - **Coordinates:** 32.807237, -96.965339 - **Google Maps:** https://www.google.com/maps?q=32.807237,-96.965339 ## Virtual Tour & Media - **Video Tour:** https://www.propertypanorama.com/instaview/ntreis/21231711 ## Listing Agent - **Name:** Diane Carpenter - **Brokerage:** Sprout Realty - **Broker Phone:** (512) 770-6526 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/1516-W-7th-St_Irving_TX_75060_M85730-14912?f=listhub&s=NTREIS&m=21231711&c=propsimple) ## Photos ![1516 W 7th Street - Photo 1](http://lh.rdcpix.com/ec5624ed44c9e847f8c0af06e7fc7ae1l-f912918864r.jpg) ![1516 W 7th Street - Photo 2](http://lh.rdcpix.com/ec5624ed44c9e847f8c0af06e7fc7ae1l-f3871287168r.jpg) ![1516 W 7th Street - Photo 3](http://lh.rdcpix.com/ec5624ed44c9e847f8c0af06e7fc7ae1l-f2280123284r.jpg) ![1516 W 7th Street - Photo 4](http://lh.rdcpix.com/ec5624ed44c9e847f8c0af06e7fc7ae1l-f4099332529r.jpg) ![1516 W 7th Street - Photo 5](http://lh.rdcpix.com/ec5624ed44c9e847f8c0af06e7fc7ae1l-f3009758499r.jpg) ![1516 W 7th Street - Photo 6](http://lh.rdcpix.com/ec5624ed44c9e847f8c0af06e7fc7ae1l-f3588700600r.jpg) ![1516 W 7th Street - Photo 7](http://lh.rdcpix.com/ec5624ed44c9e847f8c0af06e7fc7ae1l-f3992663989r.jpg) ![1516 W 7th Street - Photo 8](http://lh.rdcpix.com/ec5624ed44c9e847f8c0af06e7fc7ae1l-f3125417870r.jpg) ![1516 W 7th Street - Photo 9](http://lh.rdcpix.com/ec5624ed44c9e847f8c0af06e7fc7ae1l-f4043453696r.jpg) ![1516 W 7th Street - Photo 10](http://lh.rdcpix.com/ec5624ed44c9e847f8c0af06e7fc7ae1l-f3508788411r.jpg) ![1516 W 7th Street - Photo 11](http://lh.rdcpix.com/ec5624ed44c9e847f8c0af06e7fc7ae1l-f2510309210r.jpg) ![1516 W 7th Street - Photo 12](http://lh.rdcpix.com/ec5624ed44c9e847f8c0af06e7fc7ae1l-f3393022676r.jpg) ![1516 W 7th Street - Photo 13](http://lh.rdcpix.com/ec5624ed44c9e847f8c0af06e7fc7ae1l-f2988740918r.jpg) ![1516 W 7th Street - Photo 14](http://lh.rdcpix.com/ec5624ed44c9e847f8c0af06e7fc7ae1l-f4114728654r.jpg) ![1516 W 7th Street - Photo 15](http://lh.rdcpix.com/ec5624ed44c9e847f8c0af06e7fc7ae1l-f1316817955r.jpg) ![1516 W 7th Street - Photo 16](http://lh.rdcpix.com/ec5624ed44c9e847f8c0af06e7fc7ae1l-f1565319740r.jpg) ![1516 W 7th Street - Photo 17](http://lh.rdcpix.com/ec5624ed44c9e847f8c0af06e7fc7ae1l-f2478076891r.jpg) ![1516 W 7th Street - Photo 18](http://lh.rdcpix.com/ec5624ed44c9e847f8c0af06e7fc7ae1l-f4250285556r.jpg) ![1516 W 7th Street - Photo 19](http://lh.rdcpix.com/ec5624ed44c9e847f8c0af06e7fc7ae1l-f1977964091r.jpg) ![1516 W 7th Street - Photo 20](http://lh.rdcpix.com/ec5624ed44c9e847f8c0af06e7fc7ae1l-f1347899663r.jpg) ![1516 W 7th Street - Photo 21](http://lh.rdcpix.com/ec5624ed44c9e847f8c0af06e7fc7ae1l-f1151728168r.jpg) ![1516 W 7th Street - Photo 22](http://lh.rdcpix.com/ec5624ed44c9e847f8c0af06e7fc7ae1l-f958472481r.jpg) ![1516 W 7th Street - Photo 23](http://lh.rdcpix.com/ec5624ed44c9e847f8c0af06e7fc7ae1l-f1391609290r.jpg) ![1516 W 7th Street - Photo 24](http://lh.rdcpix.com/ec5624ed44c9e847f8c0af06e7fc7ae1l-f539503912r.jpg) ![1516 W 7th Street - Photo 25](http://lh.rdcpix.com/ec5624ed44c9e847f8c0af06e7fc7ae1l-f4281582876r.jpg) ![1516 W 7th Street - Photo 26](http://lh.rdcpix.com/ec5624ed44c9e847f8c0af06e7fc7ae1l-f3549949871r.jpg) ![1516 W 7th Street - Photo 27](http://lh.rdcpix.com/ec5624ed44c9e847f8c0af06e7fc7ae1l-f4180996669r.jpg) ![1516 W 7th Street - Photo 28](http://lh.rdcpix.com/ec5624ed44c9e847f8c0af06e7fc7ae1l-f1172275407r.jpg) ![1516 W 7th Street - Photo 29](http://lh.rdcpix.com/ec5624ed44c9e847f8c0af06e7fc7ae1l-f281828969r.jpg) ![1516 W 7th Street - Photo 30](http://lh.rdcpix.com/ec5624ed44c9e847f8c0af06e7fc7ae1l-f3986438092r.jpg) --- **MLS#:** 21231711 | **Updated:** 2026-10-29 **Source:** listhub *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.* [View on PropertySimple](https://www.propertysimple.ai/listing/1516-w-7th-street-irving-tx-75060-1a04e67996fe42d68faf2be50158c714) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/1516-w-7th-street-irving-tx-75060-1a04e67996fe42d68faf2be50158c714#listing", "url": "https://www.propertysimple.ai/listing/1516-w-7th-street-irving-tx-75060-1a04e67996fe42d68faf2be50158c714", "name": "1516 W 7th Street, Irving, TX 75060", "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. 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