Date
Details
Price
Change
Source
3/24/2026
Listed
$312,000
—
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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1/24
$312,000 Just Listed
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Property 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 for rent increases or owner occupancy. 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).
Full Property Details
Full Property Details for 515 Olaf Dr #A & B
General
- Price: $312,000
- Taxes: $7,022 (2025)
- Status: Active
- Type: Duplex
- Source: Austin_MLS
- MLS ID: 6331533
- Updated: 3/24/2026
- Added to Site: 1 day(s) ago
Interior
- Interior Features: Ceiling Fan(s), Double Vanity, Laminate Counters, Main Level Primary, No Interior Steps, Pantry, Walk-In Closet(s)
- Appliances: Dishwasher, Exhaust Fan, Free-Standing Electric Range, Free-Standing Refrigerator, Disposal
- Flooring: Carpet Free, Tile, Vinyl
Rooms
Other Rooms
- Laundry: Inside, Laundry Closet, Washer Hookup, Electric Dryer Hookup
Additional Information
- Shared Amenities: Street Lights, See Remarks, Curbs
- Security/Safety: None
Exterior
- Exterior Features: No Exterior Steps, Private Yard, Rain Gutters
- Porch/Patio/Deck: Front Porch, Side Porch
Parking
- Garage: Yes
- Garage Spaces: 1
- Covered Spaces: 1
- Parking Features: Attached, Garage Faces Front, Garage, Outside
Location
- Area: BT
- County: Bell
- Subdivision: Liberty Hill Ph Ii
- Driving Directions: From I-35, take the exit for W Adams Ave (FM 2305) and head west. Continue on W Adams Ave, then turn right onto S 31st Street. Turn left onto W Avenue M, then right onto Olaf Drive. The property will be on your right.
- Direction Faces: East
School Information
- Elem School District: Temple ISD
- Midd School District: Temple ISD
- High School District: Temple ISD
- Elementary School: Western Hills
- Middle School: Lamar (Temple ISD)
- High School: Temple
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s)
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available, Electricity Connected, Sewer Connected, Water Connected
Structural Information
- Detached/Attached: Detached
- Construction: Brick, Masonry, Masonite
- Roof: Shingle
- Windows: Double Pane Windows
- Stories/Levels: 1
- Square Feet: 2,538
- Sq. Ft. Source: Public Records
- Living Area: 2,538 Sq. Ft.
- Year Built: 2004
- Year Built Source: Public Records
- Property Condition: Resale
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.1928
- Lot Size (Sq. Ft.): 8,398.37
- Street Lights: Yes
- Fence: Yes
- Lot Features: Back Yard, Front Yard, Interior Lot, Level, Few Trees
- Fencing (Description): Back Yard, Fenced, Privacy
Financial Considerations
- Assessment Amount: $294,129
- Tax Amount: $7,022.85
- Tax Year: 2025
- Terms: Cash, Conventional
- Owner Pays: None
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: LIBERTY HILL PHASE II, BLOCK 002, LOT 0006
- Disclosures/Reports: None, Municipal Utility District Disclosure
- Property ID: 808045650
- Block: 2
- Lot Number: 6
Listed by Compass RE Texas, LLC
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Listing agent
— 515 Olaf Dr #A & B —
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512-656-9463
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Schools
Schools serving 515 Olaf Dr #A & B
School District:Temple Independent School District
| Name | Grades | Distance |
|---|---|---|
Western Hills Elementary School, Temple, TX 600 Arapaho Drive, Temple, TX 76504 | PK-5 | 1 mi |
Temple High School 415 North 31st Street, Temple, TX 76504 | 9-12 | 1.9 mi |
Lamar Middle School, Temple, TX 2011 North 3rd Street, Temple, TX 76501 | 6-8 | 2.9 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 515 Olaf Dr #A & B
Tax History
Tax History for 515 Olaf Dr #A & B
Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,992
-4%
$294,129
-10%
2023
$7,284
—
$326,792
3%
2023
$7,284
21%
$317,700
27%
2022
$6,001
11%
$250,621
17%
2021
$5,403
-2%
$215,000
—
2020
$5,512
23%
$214,829
31%
2018
$4,471
-1%
$163,603
—
2017
$4,509
5%
$163,603
3%
2019
$4,275
-5%
$159,331
-3%
2016
$4,520
2%
$165,078
—
2015
$4,419
1%
$165,078
—
2013
$4,377
—
$165,078
-1%
2013
$4,377
—
$166,550
—
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 515 Olaf Dr #A & B
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- Single Family
- Active
- Updated 1 day ago
- 5Beds
- 3Total Baths
515 Olaf Drive #A & B, Temple, TX 76504 (MLS# 6331533) is a Duplex property with 0 bedrooms and 0 full bathrooms. 515 Olaf Drive #A & B is currently listed for $312,000 and was received on March 24, 2026. Want to learn more about 515 Olaf Drive #A & B? Do you have questions about finding other Duplex real estate for sale in Temple? You can browse all Temple real estate or contact a Coldwell Banker agent to request more information.