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About This Home
This 6-bedroom, 0-bathroom townhouse at 515 Olaf Drive unit: A & B in Temple, TX is listed for $309,000 ($122 per sqft). Built in 2004, the home offers 2,538 sqft of living space on a 0.19 acres lot.
Exceptional opportunity to own a well-maintained duplex in Temple offering immediate income and long-term upside. Whether you're an investor seeking a truly turn-key asset or an owner-occupant looking to offset your mortgage, this property delivers flexibility and value.
Each unit features a spacious 3-bedroom, 2-bath layout with no carpet, dedicated in-unit laundry rooms, and large private fenced backyards backing to peaceful greenspace, creating a rare sense of privacy for tenants. Unit A is further enhanced with stainless steel appliances, adding modern appeal.
Current rental income provides strong in-place cash flow with Unit A leased at $1,290/month through 7/31/2026 and Unit B leased at $1,365/month through 5/31/2026, offering immediate returns with future flexibility to lease or owner-occupy. Major capital improvements have already been completed, including both HVAC systems replaced in February 2026
with transferable 10-year warranties and a roof replaced in 2020, significantly reducing near-term maintenance expenses and increasing investor confidence. Ideally located with convenient access to I-35, several golf courses, shopping, dining, fitness centers, hospitals, Lake Belton, Mary Hardin-Baylor University and major employers, this property is positioned for continued rental demand and long-term appreciation.
Don't miss this rare opportunity to secure a low-maintenance, income-producing property with built-in flexibility in a growing market. (Interior photos were taken prior to current tenancy).
Key Features
- Built in 2004
- 0.19 acre lot
Property Details
Amenities
Monthly Cost Estimate
$1,653/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
515 Olaf Drive unit: A & B
Temple, TX 76504
Liberty Hill Ph II
Features & Amenities
Interior Features
Exterior Features
Property Details
Flooring
Construction
Pool Features
Parking
Heating
Cooling
Appliances
Questions & Answers
This 6-bedroom, 0-bathroom townhouse at 515 Olaf Drive unit: A & B is listed at $309,000 ($122/sqft). The estimated monthly payment is $1,339 based on 20% down at 6.5% interest.
Key features include: Built in 2004, 0.19 acre lot. Interior Features: AllBedroomsDown, CeilingFans, DoubleVanity. Exterior Features: Porch, Patio, PrivateYard.
This property is listed by Meleah C. Wehman and can be reached at 5126569463 or meleah@realtyaustin.com.





























