Shelby Milam
MLS#21215883
STATUSActive
PROPERTY TYPECommercial - Business
SUBDIVISIONIrving Park Acres
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.
Property Features
Property Type: Commercial - Business
Cooling: Ceiling Fan(s), Central Air, Electric
Heating: Central, Electric
Lot Size: 0.88 Acres
Roof Type: Asphalt
Stories: 1.0
Year Built: 1972
Feature Descriptions
Days on Site: 3
Exterior: Brick
Flooring: Other
Parcel#: 32221500000470100
Parking: Additional Parking, Garage, Other
Parking Notes: Additional Parking, Garage, Other
Security: Smoke Detector(s)
Units: 10
Utilities: City Sewer, City Water
Listed By / Shown By
Listed By
Agency Name: 24fifteen Realty
Agency Contact: 972-942-0222
Agent Name: Diane Carpenter
Shown By
Agent Name: Shelby Milam
Agent Phone: (254) 366-9606
Agency Title: Kelly, Realtors
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1516 W 7th Street | MLS# 21215883
This commercial property located at 1516 W 7th Street , Irving, TX 75060 is currently listed for sale with an asking price of $1,900,000. Search Irving real estate on shelbymilam.kellyrealtors.com today.