Curious about this home?

Ask anything — no agents, no pressure

Try asking

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.

Agent Description

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

1 story
4 full
2004

Amenities

A/C

Monthly Cost Estimate

$1,653/mo

20% down · 6.5% · 30 years

Principal$223
Interest$1,339
Insurance$90

Estimates only. Actual payments may vary.

Location

515 Olaf Drive unit: A & B

Temple, TX 76504

Liberty Hill Ph II

Features & Amenities

Interior Features

AllBedroomsDownCeilingFansDoubleVanityLaminateCountersPullDownAtticStairsTubShowerWalkInClosetsBedroomOnMainLevelFullBathOnMainLevelPantrySolidSurfaceCounters

Exterior Features

PorchPatioPrivateYardRainGutters

Property Details

Flooring

VinylCarpetTile

Construction

Brick HardiplankType Masonry

Pool Features

PatioPorch

Parking

Garage

Heating

Electric (Heating)Central

Cooling

ElectricCentral Air

Appliances

DishwasherElectricRangeElectricWaterHeaterDisposalRefrigeratorVentedExhaustFanSomeElectricAppliancesRange

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.

Similar Homes in Temple

View all
MW

Meleah C. Wehman

Agent at Compass RE Texas, LLC

(512) 656-9463

Listed by Compass RE Texas, LLC

MLS# 607802· Source: listhub· Updated 17 days ago

Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

515 Olaf Drive unit: A & B, Temple, TX 76504

Open this listing in: