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515 Olaf Drive, Unit A & B, Temple, TX 76504

$312,000
  • 515 Olaf Drive, Unit A & B, Temple, TX 76504 Main Photo

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New to the Market Active
BEDS0 BATHS SQUARE FEET2,538 MLS#607802
STATUSActive PROPERTY TYPEResidential - Townhouse SUBDIVISIONLiberty Hill SCHOOLTemple ISD

Property Description

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).

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.

Property Features

Property Type: Residential - Townhouse
Cooling: Central Air, Electric,2 Units
Garage: 1 car attached
Heating: Central, Electric
Lot Size: 0.19 Acres
Roof Type: Composition, Shingle
Stories: 1.0
Year Built: 2004

Amenities

All Bedrooms Down
Ceiling Fan(s)
Double Vanity
Laminate Counters
Pull Down Attic Stairs
Tub Shower
Walk-In Closet(s)
Bedroom on Main Level
Full Bath on Main Level
Pantry
Solid Surface Counters
Porch
Patio
Private Yard
Rain Gutters

Feature Descriptions

Accessibility: No Stairs
Appliances: Dishwasher, Electric Range, Electric Water Heater, Disposal, Refrigerator, Vented Exhaust Fan, Some Electric Appliances, Range
Body of Water: None
Days on Site: 2
Exterior: Brick, HardiPlank Type, Masonry, Other, See Remarks
Fencing: Back Yard, Privacy
Fireplace: None
Flooring: Ceramic Tile, Vinyl, Carpet Free
Laundry: Washer Hookup, Electric Dryer Hookup, Laundry in Utility Room, Laundry Room, In Unit
Parcel#: 335918
Parking: Attached, Garage Faces Front, Garage
Parking Notes: Attached, Garage Faces Front, Garage
Patio/Porch: Covered, Patio, Porch
Units: 2
Utilities: Electricity Available, Trash Collection Public, Underground Utilities
Water: Public

Local Schools

High School: Temple High School
Middle School: Lamar Middle School
Elementary School: Western Hills Elementary
School District: Temple ISD

Listed By / Shown By

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

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Estimated Payment

$ 785.38 per month $694.38 Principal & Interest $0.00 Property Tax (data not provided by mls) $91.00 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/26/2026. The listing information on this page last changed on 03/26/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 03/26/2026 2:42:48 AM EST) or NTREIS (last updated Wed 03/25/2026 11:48:44 PM EST) or SABOR MLS (last updated Thu 03/26/2026 12:52:25 AM EST) or CTXMLS (last updated Wed 03/25/2026 11:34:26 PM EST). Real estate listings held by brokerage firms other than Kelly, Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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