# 1516 W 7 Street, Irving, TX 75060

> **TL;DR:** 20bd/12ba residential multi family, $1,900,000, built 1972. Est. $8,233/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,900,000 |
| 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 | For Sale |
| Days on Market | 0 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $8,233 |
| **Total** | **$8,233** |

## Nearby Schools

- **Elementary:** Haleyj

## 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.

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 7 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

## Listing Agent

- **Name:** Diane Carpenter
- **Brokerage:** 24fifteen Realty
- **Phone:** 9729420222
- **Email:** diane@2415realty.com

## Primary Photo

![1516 W 7 Street - Primary Photo](http://lh.rdcpix.com/4edfadb3638a65d293d18f59e175603cl-f2058115133r.jpg)

*30 total photos available on [listing page](https://www.propertysimple.com/listing/1516-w-7-street-irving-tx-75060-21231711)*

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**MLS#:** 21231711 | **Updated:** 2026-04-24
**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.com/listing/1516-w-7-street-irving-tx-75060-21231711)

---

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