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Under contract
  • $1,850,000

    1516 W 7th St, Irving, TX 75060

    20beds
    10,088sqft
    : 
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    Multi Family
    Built in 1972
    -- sqft lot
    $1,695,800 Zestimate®
    $183/sqft
    $-- HOA

    What's special

    Extra building for storage
    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.
    97 days
    |
    46
    |
    1
    |

    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: 277 days
      • Listing terms: Cash,Conventional

        Estimated market value

        $1,695,800

        $1.61M - $1.78M

        $1,382/mo

        Price history

        DateEventPrice
        6/15/2026Contingent$1,850,000$183/sqft
        Source: NTREIS #21231711 Report a problem
        4/13/2026Price change$1,850,000-2.6%$183/sqft
        Source: NTREIS #21231711 Report a problem
        4/8/2026Listed for sale$1,900,000-5%$188/sqft
        Source: NTREIS #21231711 Report a problem
        3/13/2026Listing removed$1,999,999$198/sqft
        Source: NTREIS #21031053 Report a problem
        9/20/2025Listed for sale$1,999,999$198/sqft
        Source: NTREIS #21031053 Report a problem
        6/9/2025Listing removed$1,400
        Source: Zillow Rentals Report a problem
        5/29/2025Price change$1,400+7.7%
        Source: Zillow Rentals Report a problem
        5/24/2025Listed for rent$1,300+2%
        Source: Zillow Rentals Report a problem
        5/23/2025Listing removed$1,275
        Source: Zillow Rentals Report a problem
        5/11/2025Listed 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.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Shady Grove

        Getting around

        50 / 100
        Somewhat Walkable
        29 / 100
        Some Transit
        42 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        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.

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