This multifamily property presents a compelling opportunity for investors seeking value-add potential in the Dallas-Fort Worth market. Serious Portfolio Value Add! this asset offers the ability to increase income through strategic improvements and rental adjustments.
The property features multiple units with functional layouts and a location positioned within a strong rental corridor. Current operations provide a foundation for increased net operating income, with market data supporting higher rental rates in the area.
10 units, 1,2, and 3 bedroom choices. 4 buildings for tenants and an extra building for storage! So much potential in one property in a high renter populated city. This is truly a special income property.
Investors will appreciate the opportunity to enhance cash flow through:
Rental rate optimization based on local comparables
Interior and exterior updates
Operational efficiencies
This opportunity may be suitable for investors looking to expand or diversify a real estate portfolio within a high-demand region.
Additional financials, rent roll, and property details available upon request.
With its prime Irving location, strong tenant appeal, conveniently located between Dallas and Ft. Worth. With a solid 13.5 NOI, and a 4.9% cap rate, this property represents both stability and opportunity for investors.
Pending
$1,850,000
1516 W 7th St, Irving, TX 75060
20beds
10,088sqft
Multi Family
Built in 1972
-- sqft lot
$1,703,700 Zestimate®
$183/sqft
$-- HOA
What's special
Extra building for storage
- 143 days
- 21
- 0
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Diane Carpenter 0789408 972-942-0222,
24fifteen Realty 972-942-0222
Source: NTREIS,MLS#: 21231711
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 20
- Bathrooms: 12
- Full bathrooms: 10
- 1/2 bathrooms: 2
Heating
- Central, Electric
Cooling
- Central Air, Ceiling Fan(s), Electric
Appliances
- Included: Dishwasher, Disposal, Vented Exhaust Fan
Features
- Built-in Features, Decorative/Designer Lighting Fixtures, Cable TV
- Flooring: Other
- Has fireplace: No
Interior area
- Total structure area: 10,088
- Total interior livable area: 10,088 sqft
Video & virtual tour
Property
Parking
- Parking features: Additional Parking, Garage, Other
- Has garage: Yes
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Size: 0.88 Acres
Details
- Parcel number: 32221500000470100
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Slab
- Roof: Asphalt
Condition
- Year built: 1972
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Sewer Available, Water Available, Cable Available
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Irving Park Acres
HOA
- Has HOA: No
Location
- Region: Irving
Financial & listing details
- Price per square foot: $183/sqft
- Annual tax amount: $37,106
- Date on market: 4/8/2026
- Cumulative days on market: 289 days
- Listing terms: Cash,Conventional
Estimated market value
$1,703,700
$1.62M - $1.79M
$1,492/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/29/2026 | Listing removed | $1,800 |
Source: Zillow Rentals Report a problem | ||
| 7/26/2026 | Listed for rent | $1,800+28.6% |
Source: Zillow Rentals Report a problem | ||
| 7/17/2026 | Pending sale | $1,850,000$183/sqft |
Source: NTREIS #21231711 Report a problem | ||
| 6/15/2026 | Contingent | $1,850,000$183/sqft |
Source: NTREIS #21231711 Report a problem | ||
| 4/13/2026 | Price change | $1,850,000-2.6%$183/sqft |
Source: NTREIS #21231711 Report a problem | ||
| 4/8/2026 | Listed for sale | $1,900,000-5%$188/sqft |
Source: NTREIS #21231711 Report a problem | ||
| 3/13/2026 | Listing removed | $1,999,999$198/sqft |
Source: NTREIS #21031053 Report a problem | ||
| 9/20/2025 | Listed for sale | $1,999,999$198/sqft |
Source: NTREIS #21031053 Report a problem | ||
| 6/9/2025 | Listing removed | $1,400 |
Source: Zillow Rentals Report a problem | ||
| 5/29/2025 | Price change | $1,400+7.7% |
Source: Zillow Rentals Report a problem | ||
| 5/24/2025 | Listed for rent | $1,300+2% |
Source: Zillow Rentals Report a problem | ||
| 5/23/2025 | Listing removed | $1,275 |
Source: Zillow Rentals Report a problem | ||
| 5/11/2025 | Listed for rent | $1,275 |
Source: Zillow Rentals Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Shady Grove
Nearby schools
Schools provided by the listing agent
- Elementary: Haleyj
- Middle: Bowie
- High: Nimitz
- District: Irving ISD
Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.




