USATXIrvingIrving Park Acres1516 W 7Th St
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$1,850,000

For Sale

16 days ago

1516 W 7Th St, Irving, TX

House

MLS® 21231711

20 Bed

12 Bath

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0

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size -
Garage Yes
Taxes $37,106
Days Active 15
Lot Size 
Approx. Age 1972
MLS® Number 21231711

Property Address: 1516 W 7th St, Irving, TX, 75060-3786

Average square foot calculated using Size range provided by listing 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.
MLS® Number21231711
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1972
Basement
DrivewayAdditional Parking, Garage, Other
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 8, 2026List Date
$1,850,000List Price
-End Date
Not Sold YetSold Price

For Sale

Mar 23, 2026List Date
$1,900,000List Price
  • Commute

Commute

Starting Address
Destination Address
1516 W 7Th St, Irving, TX

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