Sqft 2,538
Acres 0.19
Property Type Residential Income
Heating Central
Parking Attached, Garage Faces Front, Garage, Outside
Year Built 2004
Stories 1
Cooling Central Air, Ceiling Fan(s)
Days on Market 161
Garages 1.00

About 515 Olaf Dr A & B

Bring Offers! 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 7/31/2027 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

Legal Description LIBERTY HILL PHASE II, BLOCK 002, LOT 0006
Address 515 Olaf Dr A & B
County Bell
City Temple
Zip Code 76504
Subdivision Liberty Hill Ph Ii
School District Temple ISD
MLS Area BT

Size and Restrictions

Acres 0.19
Lot Description Back Yard, Front Yard, Interior Lot, Level, Few Trees
Horses Allowed No
$/Acre $1,556,011

Improvements

Parking Attached, Garage Faces Front, Garage, Outside
Garage Spaces 1.00
Fence Back Yard, Fenced, Privacy
Exterior Features No Exterior Steps, Private Yard, Rain Gutters

Features

Water Access None

Utilities

Water Public
Utilities Electricity Available, Electricity Connected, Sewer Connected, Water Connected

Amenities

Area Amenities Street Lights, See Remarks, Curbs

Beds and Baths

Primary on Main Yes

Other Rooms

Other Rooms Bathroom, Bedroom, Family Room, Kitchen, Laundry, Primary Bathroom, Primary Bedroom
Kitchen Appliances Dishwasher, Exhaust Fan, Free-Standing Electric Range, Free-Standing Refrigerator, Disposal
Laundry Facilities Inside, Laundry Closet, Washer Hookup, Electric Dryer Hookup

Heating and Cooling

Heating Central
Air Conditioning Central Air, Ceiling Fan(s)

Interior Features

Flooring Carpet Free, Tile, Vinyl
Features Ceiling Fan(s), Double Vanity, Laminate Counters, Main Level Primary, No Interior Steps, Pantry, Walk-In Closet(s)
Disability None

Building Information

Square Feet 2,538
Year Built 2004
# of Stories 1
Building Faces East
Construction Brick, Masonry, Masonite
Foundation Slab
Roof Shingle

Property Features

Exterior Features No Exterior Steps, Private Yard, Rain Gutters

Garage and Parking

Garage Yes - 1 Space
Parking Attached, Garage Faces Front, Garage, Outside

Financial

$/Sq Ft $118
$/Acre $1,556,011
$/Unit $150,000
Special Conditions DeedRestrictions
Disclosures None, Municipal Utility District Disclosure

Property Taxes

Appraisal District Bell
Estimated Taxes $7,023
Tax ID 0808045650
Tax Year 2025

Homeowner Association

Has HOA No

Listing Details

OfficeCompass RE Texas, LLC
Contact Info512-656-9463

Listing Map

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