1516 W 7th Street, Irving, Texas 75060

  • 1972
  • 20
  • 12

For Sale

$1,850,000
PendingListing ID #21231711
Basic Details
Residential Income
Pending
21231711
1972
$1,850,000
0.884
10,088 Sqft
20
12
Property 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.

Features
Brick
Asphalt
Central, Electric
Central Air, Electric, Ceiling Fan(s)
Sewer Available, Water Available, Cable Available
Built-in Features, Cable TV, Decorative/Designer Lighting Fixtures
Public Sewer
Garage, Additional Parking, Other
Neighborhood
Haleyj
Bowie
Nimitz
Irving ISD
Additional Information
Preowned
10
Close Of Escrow
Diane Carpenter
24fifteen Realty
Address Map
1516
W 7th Street
Irving Park Acres
Irving
TX
75060
Dallas
Texas / Dallas / Irving
    sqbbsiu2t1s9lq572yun © 2026 North Texas Real Estate Information Systems, Inc.
    Data last updated: 10/14/2026 3:22 AM
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    Walkscore

    For Sale

    $1,850,000
    PendingListing ID #21231711
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