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About This Home
This 0-bedroom, 0-bathroom commercial at 1516 W 7th Street in Irving, TX is listed for $1,900,000. Built in 1972, on a 0.88 acres lot.
Welcome to Elm Road Apartments, a well-established community in the heart of the Metroplex featuring five one-story buildings with a total of ten rental units and 13,500 combined square feet. Each unit includes its own private yard and dedicated parking with one to three spaces, offering convenience and comfort for tenants.
Recent updates include new roofs completed in June 2025 on Units 1–6 along 7th Street, with two additional roof replacements already in the planning phase. Listed with the City of Irving as Elm Road Apartments, the property is maintained under a single tax filing and designed as one cohesive neighborhood. With its prime Irving location, strong tenant appeal, 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
Property Details
Monthly Cost Estimate
$10,162/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1516 W 7th Street
Irving, TX 75060
Irving Park Acres
Property Details
Flooring
Construction
Parking
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 1516 W 7th 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.
This property is listed by Diane Carpenter and can be reached at 9729420222 or diane@2415realty.com.
