515 Olaf DR #A & B, Temple, TX 76504
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515 Olaf DR #A & B, Temple, TX 76504
515 Olaf DR #A & B, Temple, TX 76504
515 Olaf DR #A & B, Temple, TX 76504
515 Olaf DR #A & B, Temple, TX 76504
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@ianofAustin Texas Realtor

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515 Olaf DR #A & B Temple, TX 76504

2,538 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,538 sqft

Price per Sqft $121

Subdivision Liberty Hill Ph Ii

MLS Listing ID 6331533

HOA Y/N No

Year Built 2004

Annual Tax Amount $7,022

Tax Year 2025

Lot Size 8,398 Sqft

Acres 0.1928

Property Sub-Type Duplex

Source actris

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 to continue leasing or owner-occupy. 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).

Location

State TX

County Bell

Interior

Interior Features Ceiling Fan(s), Laminate Counters, Double Vanity, No Interior Steps, Pantry, Primary Bedroom on Main, Walk-In Closet(s)

Heating Central

Cooling Ceiling Fan(s), Central Air

Flooring No Carpet, Tile, Vinyl

Fireplace No

Appliance Dishwasher, Disposal, Exhaust Fan, Free-Standing Electric Range, Free-Standing Refrigerator

Exterior

Exterior Feature Rain Gutters, No Exterior Steps, Private Yard

Garage Spaces 1.0

Fence Back Yard, Fenced, Privacy

Community Features See Remarks, Curbs, Street Lights

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Waterfront Description None

View See Remarks

Roof Type Shingle

Porch Front Porch, Side Porch

Building

Lot Description Back Yard, Curbs, Few Trees, Front Yard, Interior Lot, Level, Public Maintained Road

Faces East

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Brick,Masonite,Masonry – Partial

New Construction No

Schools

Elementary Schools Western Hills

Middle Schools Lamar (Temple Isd)

High Schools Temple

School District Temple Isd

Others

Pets Allowed Cats OK, Dogs OK, Negotiable

Special Listing Condition Standard

Pets Allowed Cats OK, Dogs OK, Negotiable

Virtual Tour https://515olafdriveaandb.mls.tours/

Listed by Compass RE Texas, LLC

Nearby School & Business

@ianofAustin Texas Realtor

@ianofAustin Texas Realtor

Agent | License ID: 660318

+1(512) 774-4621

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