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Verified property facts
515 Olaf Dr Unit #A & B is listed at $309,000 with 0 bedrooms, 2,538 square feet, 0.19-acre lot.
515 Olaf Dr Unit #A & B is zoned for Temple ISD with assigned schools: Western Hills (elementary), Lamar (Temple ISD) (middle), Temple (high). School assignments should be verified directly with the district.
515 Olaf Dr Unit #A & B is a Residential Income built in 2004 featuring 0 bedrooms, 2,538 square feet, 0.19-acre lot.
515 Olaf Dr Unit #A & B is presented by the Keenan Group at Compass Real Estate, the #1 Austin Board of Realtors Team (2024) with 1,000+ career transactions and $1B+ in career volume across Austin's luxury market.
The most recent annual property tax for 515 Olaf Dr Unit #A & B is $7,023. Texas has no state income tax, so property taxes are a primary revenue source. Rates vary by jurisdiction and exemptions. Verify current amounts with the county appraisal district.
#1 Austin Board of Realtors Team. Over 1,000 successful transactions with high-end expertise.
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Listing timeline with current price, original ask, and market time.
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 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).
Property Type
Residential Income
Year Built
2004
Lot Size
0.19 acres
$/Sq Ft
$122
Listed by Compass RE Texas, LLC
Property Details
Features
Appliances
Flooring
Features
Construction
Lot Features
Fencing
Foundation
Patio / Porch
Parking
Temple ISD
Zoned assignments come from the property school fields available to us. District context schools are shown only when an assigned tier is missing. Contact the school district directly to verify current boundaries and enrollment eligibility. Ratings from GreatSchools.org.
20% ($62K)
$309,000
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List price
$309,000
Price per sqft
$122/sqft
Vs. Liberty Hill Ph Ii median
Not available
Days on market
51 days
Original to current
$3K reduction
$312K original
Active inventory context
Ask for current inventory
Source: MLS Grid / Unlock MLS and Keenan Group review as of May 8, 2026.
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With 20% down ($61,800) on a 30-year fixed mortgage at approximately 6.75%, the estimated monthly payment for 515 Olaf Dr Unit #A & B is around $2,189 including principal, interest, and estimated taxes. Actual payment varies by rate, down payment, insurance, and HOA fees.
At $309,000, 515 Olaf Dr Unit #A & B is in the Liberty Hill Ph Ii market where there are currently 20 active listings in 76504.
Answers use visible listing facts, school context, and neighborhood data available on this page. Verify time-sensitive details before making decisions.
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