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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. 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 karenschaeper.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: 1
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: Karen Schaeper
Agent Phone: (254) 723-0902
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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