Exceptional opportunity to own a well-maintained duplex in Temple offering immediate income and long-term upside. Whether youre 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. Tenants may like to stay. 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. Dont 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).
Listed By
Agency Name: Compass RE Texas, LLC
Agency Phone: 512-241-1300
Shown By
Agent Name: Shelby Milam
Agent Phone: (254) 366-9606
Agency Title: Kelly, Realtors
Agency Email: info@kellyrealtors.com
Agency Text: (254) 717-6447
Estimated Payment
$ 785.38 per month $694.38 Principal & Interest $0.00 Property Tax (data not provided by mls) $91.00 Homeowner's Insurance
515 Olaf Drive, Unit A & B | MLS# 607802
This townhouse located at 515 Olaf Drive, Unit A & B, Temple, TX 76504 is currently listed for sale with an asking price of $312,000. This property was built in 2004 and with 2538 sq. ft. Olaf Drive, Unit A & B is located in the Liberty Hill subdivision within the Temple ISD school district. Search Liberty Hill real estate on shelbymilam.kellyrealtors.com today.