Date
Details
Price
Change
Source
4/08/2026
Listed
$1,900,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
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. 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.
Full Property Details
Full Property Details for 1516 W 7 St
General
- Price: $1,900,000
- Taxes: $37,106
- Status: Active
- Type: Multi-Family
- Source: NTREIS
- MLS ID: 21231711
- Updated: 4/8/2026
- Added to Site: 2 day(s) ago
Interior
- Interior Features: Built-in Features, Decorative/Designer Lighting Fixtures, Cable TV
- Appliances: Dishwasher, Disposal, Vented Exhaust Fan
- Flooring: Other
Rooms
Bathrooms
- Total Bathrooms: 12
- Full Bathrooms: 10
- Half Bathrooms: 2
Bedrooms
- Total Bedrooms: 20
Additional Information
- Security/Safety: Smoke Detector(s)
Parking
- Garage: Yes
- Parking Features: Additional Parking, Garage, Other
Location
- County: Dallas
- Subdivision: Irving Park Acres
- Driving Directions: GPS
School Information
- Elem School District: Irving ISD
- Midd School District: Irving ISD
- High School District: Irving ISD
- Elementary School: Haleyj
- Middle School: Bowie
- High School: Nimitz
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s), Electric
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Cable Available: Yes
- Utility Description: Sewer Available, Water Available, Cable Available
Structural Information
- # Buildings: 5
- Detached/Attached: Detached
- Construction: Brick
- Roof: Asphalt
- Stories/Levels: 2
- Square Feet: 10,088
- Sq. Ft. Source: Assessor
- Year Built: 1972
Lot Features
- Lot Size (Acres): 0.884
- Lot Size (Sq. Ft.): 38,507.04
Financial Considerations
- Tax Amount: $37,106
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: IRVING PARK ACRES LT 47 LESS ROW ACS 0.9469 C
- Property ID: 32221500000470100
- Lot Number: 47
Listed by 24fifteen Realty, Diane Carpenter
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Listing agent
— 1516 W 7 St —
Diane Carpenter
24fifteen Realty
972-942-0222
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 1516 W 7 St
School District:Irving Independent School District
| Name | Grades | Distance |
|---|---|---|
Haley J Elementary School 1100 Schulze Drive, Irving, TX 75060 | PK-5 | 0.5 mi |
Lamar Middle School, Irving, TX 219 Crandall Road, Irving, TX 75060 | 6-8 | 1.2 mi |
Nimitz High School 100 West Oakdale Road, Irving, TX 75060 | 9-12 | 1.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1516 W 7 St
Tax History
Tax History for 1516 W 7 St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$35,617
-1%
$2,074,800
20%
2024
$36,023
20%
$1,735,450
25%
2023
$30,019
-7%
$1,388,200
—
2022
$32,153
45%
$1,388,200
51%
2021
$22,248
18%
$920,000
23%
2020
$18,818
37%
$750,000
39%
2019
$13,773
7%
$541,020
11%
2018
$12,906
18%
$486,690
19%
2017
$10,965
4%
$408,790
5%
2016
$10,506
—
$390,000
—
2015
$10,537
10%
$390,000
10%
2014
$9,551
-1%
$356,000
—
2013
$9,638
—
$356,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1516 W 7 St
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- Single Family
- Active
- Updated 6 days ago
- 4Beds
- 4Total Baths
- Townhouse
- Active
- Updated 1 day ago
- 2Beds
- 1Total Bath
- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 3Total Baths
1516 W 7 Street, Irving, TX 75060 (MLS# 21231711) is a Multi-Family property with 10 units containing 20 bedrooms, 10 full bathrooms and 2 partial bathrooms. 1516 W 7 Street is currently listed for $1,900,000 and was received on April 08, 2026. Want to learn more about 1516 W 7 Street? Do you have questions about finding other Multi-Family real estate for sale in Irving? You can browse all Irving real estate or contact a Coldwell Banker agent to request more information.