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$1,900,000
14 Days On Site

1516 W 7th Street
Irving, TX 75060

For Sale|Business|Active
0
Beds
0
Total Baths
10,088
SqFt
$188
/SqFt
1972
Built
Subdivision:
Irving Park Acres
County:
Dallas
1516 W 7th Street1516 W 7th Street1516 W 7th Street
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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.

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Listing Snapshot
Price 
$1,900,000
Days On Site 
14 Days
Bedrooms 
N/A
Inside Area (SqFt) 
10,088 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.884 Acres
Year Built 
1972
MLS® Number 
21215883
Status 
Active
Property Tax 
$37,106
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
2 weeks agoListing updated with changes from the MLS®
2 weeks agoListing first seen on site
General Features
Acres 
0.884
Foundation 
Slab
Number Of Stories 
1
Parking 
Additional ParkingGarageOther
Property Sub Type 
Business
Security 
Smoke Detector(s)
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
10088
Water Source 
Public
Zoning 
Multi-Family
Interior Features
Cooling 
Ceiling Fan(s)Central AirElectric
Flooring 
Other
Heating 
CentralElectric
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Exterior Features
Construction Details 
Brick
Roof 
Asphalt
Community Features
Financing Terms Available 
1031 ExchangeCashConventional
Listing courtesy of Diane Carpenter of 24fifteen Realty diane@2415realty.com



© 2020 North Texas Real Estate Information Systems. All rights reserved. Information is deemed reliable but is not guaranteed accurate by the MLS or NTREIS. The information being provided is for the consumer's personal, non-commercial use, and may not be reproduced, redistributed, or used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Last checked: 2026-04-07 03:22 AM CDT

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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855-299-SOLD
855-299-7653