515 Olaf Drive A & B, Temple, Bell, Residential, , 0

$ 312,000
515 Olaf Drive A & B, Temple, Liberty Hill Ph II
Active

Overview

  • Updated On:
  • March 27, 2026
  • 2,538 ft2

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 lease 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).

Address: 515 Olaf Drive A & B
City:
State/County:
Zip: 76504
Country: United States

Property Id: 498691
Price: $ 312,000
Property Size: 2,538 ft2
Property Lot Size: 0 ft2
ActivationDate: 2026-03-24
ConstructionMaterials: Brick, HardiplankType, Masonry, Other, SeeRemarks
ContractStatusChangeDate: 2026-03-24
Cooling: CentralAir, Electric, TwoUnits
CumulativeDaysOnMarket: 3
DaysOnMarket: 3
Directions: From I-35, take the exit for W Adams Ave (FM 2305) and head west. Continue on W Adams Ave, then turn right onto S 31st Street. Turn left onto W Avenue M, then right onto Olaf Drive. The property will be on your right.
ElementarySchool: Western Hills Elementary
ElementarySchoolDistrict: Temple ISD
Fencing: BackYard, Privacy
Flooring: CeramicTile, Vinyl, CarpetFree
FoundationDetails: Slab
GarageSpaces: 1
Heating: Central, Electric
HighSchool: Temple High School
HighSchoolDistrict: Temple ISD
InternetAddressDisplayYN: 1
Levels: One
ListAgentAOR: WilliamsonCountyAssociationOfRealtors
ListAgentDirectPhone: 512-656-9463
ListAgentEmail: meleah@realtyaustin.com
ListAgentFirstName: Meleah
ListAgentFullName: Meleah C. Wehman
ListAgentKey: 12653095
ListAgentLastName: Wehman
ListAgentMiddleName: C
ListAgentMlsId: 0670515
ListAgentOfficePhone: 512-241-1300
ListAgentPreferredPhone: 512-656-9463
ListAgentStateLicense: 0670515
ListOfficeAOR: WilliamsonCountyAssociationOfRealtors
ListOfficeEmail: mlsteam@compass.com
ListOfficeKey: 2100717
ListOfficeMlsId: W785017367
ListOfficeName: Compass RE Texas, LLC
ListOfficePhone: 512-241-1300
ListingAgreement: ExclusiveRightToSell
ListingContractDate: 2026-03-24
MLS ID: 607802
ListingTerms: Cash, Conventional
LivingAreaSource: Appraiser
LotSizeArea: 0.1928
MiddleOrJuniorSchool: Lamar Middle School
MiddleOrJuniorSchoolDistrict: Temple ISD
MlsStatus: Active
Last Modified: March 27, 2026 at 01:02pm
OnMarketDate: 2026-03-24
OriginalListPrice: 312000
OriginatingSystemKey: 57518237
OriginatingSystemName: CTEXAS
PatioAndPorchFeatures: Covered, Patio, Porch
PhotosCount: 24
PropertyCondition: Resale
Roof: Composition, Shingle
StateOrProvince: TX
StatusChangeTimestamp: March 24, 2026 at 08:28pm
Stories: 1
StreetName: Olaf
StreetNumber: 515
StreetNumberNumeric: 515
StreetSuffix: Drive
StructureType: Townhouse
TaxBlock: 2
TaxLegalDescription: LIBERTY HILL PHASE II, BLOCK 002, LOT 0006
TaxLot: 6
Utilities: ElectricityAvailable, TrashCollectionPublic, UndergroundUtilities
WaterSource: Public
YearBuilt: 2004
YearBuiltSource: Assessor

Outdoor Details
Garage Attached
Other Features
1
AllBedroomsDown
BedroomOnMainLevel
CeilingFans
Dishwasher
Disposal
DoubleVanity
Electrical Utility Available
ElectricRange
ElectricWaterHeater
FullBathOnMainLevel
Has Cooling System
Has Garage
Has Heating System
LaminateCounters
NoStairs
Pantry
Patio
Porch
PrivateYard
PullDownAtticStairs
RainGutters
Range
Refrigerator
SolidSurfaceCounters
SomeElectricAppliances
TubShower
VentedExhaustFan
WalkInClosets
WasherHookup, ElectricDryerHookup, LaundryInUtilityRoom, LaundryRoom, InUnit

$ 1,599.69
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 1,209.69

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Heidi Brautigan