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About This Home
This 20-bedroom, 12-bathroom residential multi family at 1516 W 7 Street in Irving, TX is listed for $1,900,000. Built in 1972, on a 0.88 acres lot.
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.
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.
Key Features
- Built in 1972
- 0.88 acre lot
- 2 stories
Property Details
Monthly Cost Estimate
$10,162/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1516 W 7 Street
Irving, TX 75060
Irving Park Acres
Features & Amenities
Interior Features
Property Details
Flooring
Construction
Parking
Heating
Cooling
Appliances
Questions & Answers
This 20-bedroom, 12-bathroom residential multi family at 1516 W 7 Street is listed at $1,900,000. The estimated monthly payment is $8,233 based on 20% down at 6.5% interest.
Key features include: Built in 1972, 0.88 acre lot, 2 stories. Interior Features: Built-in Features, Cable Tv Available, Decorative Lighting.
This property is listed by Diane Carpenter and can be reached at 9729420222 or diane@2415realty.com.





























