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

> **TL;DR:** 6bd/0ba townhouse, $309,000 ($122/sqft), built 2004, 2,538 sqft.
> A/C. Est. $1,339/mo. Listed 17 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $309,000 |
| Price/sqft | $122 |
| Bedrooms | 6 |
| Square Feet | 2,538 |
| Year Built | 2004 |
| Lot Size | 8,398 sqft (0.19 acres) |
| Stories | 1 |
| Property Type | Townhouse (Townhouse) |
| Status | For Sale |
| Days on Market | 17 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,339 |
| **Total** | **$1,339** |

## Nearby Schools

- **Elementary:** Western Hills Elementary
- **Middle:** Lamar Middle School
- **High:** Temple High School

## Key Amenities

- A/C

## Property Highlights

- Built in 2004
- 0.19 acre lot

## Description

### 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).

## Location

- **Address:** 515 Olaf Drive unit: A & B, Temple, TX 76504
- **County:** Bell
- **Neighborhood:** Liberty Hill Ph II
- **Coordinates:** 31.113928, -97.384804
- **Google Maps:** https://www.google.com/maps?q=31.113928,-97.384804

## Listing Agent

- **Name:** Meleah C. Wehman
- **Brokerage:** Compass RE Texas, LLC
- **Phone:** 5126569463
- **Email:** meleah@realtyaustin.com

## Primary Photo

![515 Olaf Drive unit: A & B - Primary Photo](http://lh.rdcpix.com/14a9739a53ac5def346458fc171b019cl-f2378628898r.jpg)

*24 total photos available on [listing page](https://www.propertysimple.com/listing/515-olaf-drive-unit-a-b-temple-tx-76504-r607802)*

---

**MLS#:** 607802 | **Updated:** 2026-04-24
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/515-olaf-drive-unit-a-b-temple-tx-76504-r607802)

---

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