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