| 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
| Office | Compass RE Texas, LLC |
|---|---|
| Contact Info | 512-656-9463 |
