# 1516 W 7th Street, Irving, TX 75060

> **TL;DR:** commercial, $1,900,000, built 1972. Est. $8,233/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,900,000 |
| Year Built | 1972 |
| Lot Size | 38,507 sqft (0.88 acres) |
| Property Type | Commercial (Business) |
| Status | For Sale |
| Days on Market | 0 |

## Estimated Monthly Costs

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

## Property Highlights

- Built in 1972
- 0.88 acre lot

## Description

### Agent Description
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.

## Location

- **Address:** 1516 W 7th 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 7th Street - Primary Photo](http://lh.rdcpix.com/a7f632583717f728516e3ae4cb74e098l-f735801608r.jpg)

*4 total photos available on [listing page](https://www.propertysimple.com/listing/1516-w-7th-street-irving-tx-75060-21215883)*

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**MLS#:** 21215883 | **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-7th-street-irving-tx-75060-21215883)

---

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