Date
Details
Price
Change
Source
9/20/2025
Listed
$1,999,999
—
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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$1,999,999
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Property Description
Welcome to Elm Road Apartments, a well-established community in the heart of the Metroplex featuring five one-story buildings with a total of ten rental units and 13,500 combined square feet. Each unit includes its own private yard and dedicated parking with one to three spaces, offering convenience and comfort for tenants. Recent updates include new roofs completed in June 2025 on Units 1-6 along 7th Street, with two additional roof replacements already in the planning phase. Listed with the City of Irving as Elm Road Apartments, the property is maintained under a single tax filing and designed as one cohesive neighborhood. With its prime Irving location, strong tenant appeal, 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 Seventh St
General
- Price: $1,999,999
- Taxes: $37,106
- Status: Active
- Type: Multi-Family
- Source: NTREIS
- MLS ID: 21031053
- Updated: 12/3/2025
- Added to Site: 119 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
We Value Your Privacy
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Listing agent
— 1516 W Seventh St —
Diane Carpenter
24fifteen Realty
972-942-0222
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 1516 W Seventh 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 |
Lorenzo De Zavala Middle School 707 West Pioneer Drive, Irving, TX 75061 | 6-8 | 1.1 mi |
Nimitz High School 100 West Oakdale Road, Irving, TX 75060 | 9-12 | 1.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1516 W Seventh St
Tax History
Tax History for 1516 W Seventh 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 Seventh St
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- Single Family
- Active
- Updated 2 days ago
- 5Beds
- 3Total Baths
- Single Family
- Active
- Updated 3 days ago
- 4Beds
- 4Total Baths
1516 W 7th Street, Irving, TX 75060 (MLS# 21031053) is a Multi-Family property with 10 units containing 20 bedrooms, 10 full bathrooms and 2 partial bathrooms. 1516 W 7th Street is currently listed for $1,999,999 and was received on September 20, 2025. Want to learn more about 1516 W 7th 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.