$975,000

Estimated payment $6,440/month

Total Views 3,489
5 Beds
5.5 Baths
3,895 Sq Ft
$250 Price per Sq Ft

Highlights

  • Popular Property
  • Vaulted Ceiling
  • Private Yard
  • Open Floorplan
  • Granite Countertops
  • Covered Patio or Porch

About This Home

Situated just blocks from Baylor University, this expansive 5-bedroom, 5.5-bathroom home offers 3,895 sq. ft. of well-planned living space and is already leased to students for the 2025-2026 school year, giving investors immediate rental income. Designed with both style and functionality in mind, the home features a bright, open layout with multiple living spaces, a versatile loft, and generously sized bedrooms—each with its own bath for privacy and convenience. The modern kitchen is finished with stainless steel appliances, sleek cabinetry, and plenty of prep space, while flooring throughout includes concrete in the main living spaces for durability and easy care. Tasteful finishes throughout create an inviting, updated feel.

Outdoors, residents enjoy six dedicated parking spaces in the oversized private driveway, a welcoming front porch, and a private back patio perfect for relaxing or entertaining. The lot is fully fenced along the sides and back for added privacy and security. With its excellent location, proven rental history, and student-friendly amenities, 2016 S 11th St stands out as a rare turnkey investment in the heart of Waco.

Listing Agent

Ashley Warren

Magnolia Realty Brokerage Phone: 254-218-5940 License #0748932 Listed on: 08/22/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,534

Year Built

  • Built in 2015

Lot Details

  • 0.26 Acre Lot
  • Partially Fenced Property
  • Wood Fence
  • Perimeter Fence
  • Landscaped
  • Level Lot
  • Sprinkler System
  • Private Yard

Home Design

  • Slab Foundation
  • Shingle Roof
  • Composition Roof
  • Stone Veneer

Interior Spaces

  • 3,895 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Built-In Features
  • Vaulted Ceiling
  • Ceiling Fan
  • Chandelier
  • Self Contained Fireplace Unit Or Insert
  • Window Treatments
  • Family Room with Fireplace
  • Living Room with Fireplace

Kitchen

  • Eat-In Kitchen
  • Electric Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Concrete
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Home Security

  • Security System Owned
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Parking

  • No Garage
  • Oversized Parking
  • Private Parking
  • Driveway
  • Paved Parking
  • On-Site Parking
  • Off-Street Parking

Outdoor Features

  • Covered Patio or Porch
  • Exterior Lighting

Schools

  • South Waco Elementary School
  • University High School

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Heat Pump System
  • Vented Exhaust Fan
  • Tankless Water Heater
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 16 / 1
  • Assessor Parcel Number 480336000043000

Community Details

Overview

  • Primrose Subdivision

Building Details

  • Gross Income $52,630
  • Net Operating Income $37,148

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,534

Year Built

Built in 2015

Lot Details

0

Listing Details

  • OWNERNAME: Flash Properties, LLC
  • Property Type: Residential Income
  • Unit Levels: Two
  • Security: Security System Owned, Security System, Carbon Monoxide Detector(s), Fire Alarm, Fire Sprinkler System, Smoke Detector(s)
  • Year Built Details: Preowned
  • Attribution Contact: 254-218-5940
  • CapRate: 3.81
  • Co List Office Mls Id: MGNL01
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Year Built: 2015

Interior Features

  • Square Footage: 3895.0
  • Windows: Window Coverings
  • Fireplace Features: Family Room, Gas Log, Living Room, Insert
  • Interior Amenities: Built-in Features, Chandelier, Eat-in Kitchen, Granite Counters, High Speed Internet, Kitchen Island, Open Floorplan, Pantry, Cable TV, Vaulted Ceiling(s), Walk-In Closet(s)
  • Flooring: Carpet, Concrete, Laminate, Tile
  • Appliances: Dryer, Dishwasher, Electric Cooktop, Electric Oven, Disposal, Gas Water Heater, Microwave, Refrigerator, Tankless Water Heater, Vented Exhaust Fan, Washer
  • Fireplaces: 1

Beds/Baths

  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5

Exterior Features

  • Foundation: Slab
  • Community Features: Curbs, Sidewalks
  • Fencing: Fenced, Perimeter, Partial, Privacy, Wood
  • Roof: Composition, Shingle
  • Construction Materials: Stone Veneer
  • Exterior Features: Lighting, Private Yard
  • Pool Features: None
  • Waterfront: No
  • Patio And Porch Features: Rear Porch, Front Porch, Patio, Covered

Garage/Parking

  • Cooling System: Central Air, Ceiling Fan(s), Electric, Multi Units
  • Parking Features: Concrete, Driveway, No Garage, On Site, Off Street, Oversized, Paved, Private
  • GarageYN: No

Utilities

  • Sewer: Public Sewer
  • Heating: Central, Electric, Fireplace(s), Heat Pump
  • Utilities: Electricity Connected, Natural Gas Available, Sewer Available, Separate Meters, Water Available, Cable Available
  • Heating Yn: Yes

Schools

  • Elementary School: South Waco
  • High School: University
  • Junior High Dist: Waco ISD

Lot Info

  • Lot Features: Landscaped, Level, Sprinkler System
  • Lot Size Units: Acres
  • Lot Size Area: 0.258
  • Parcel Number: 480336000043000
  • Lot Size Acres: 0.258
  • Lot Size Sq Ft: 11238.48

Building Info

  • Year Built: 2015
  • Units Total: 1
  • SeniorCommunityYN: No

Multi Family

  • Insurance Expense: 5887.0
  • Annual Gross Income: 52630.0
  • Property Net Operating Income: 37148.0

Tax Info

  • TaxBlock: 1
  • Tax Lot: 16
  • Tax Annual Amount: 13534.0

MLS Schools

  • MiddleOrJuniorSchool: Cesar Chavez

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $13,534 $600,000 $269,720 $330,280
2023 $13,451 $600,000 $224,770 $375,230
2022 $15,104 $600,000 $224,770 $375,230
2021 $19,477 $732,570 $224,770 $507,800
2020 $15,163 $559,160 $224,770 $334,390
2019 $15,731 $559,160 $224,770 $334,390
2018 $16,279 $572,830 $224,770 $348,060
2017 $16,575 $581,490 $112,390 $469,100
2016 $16,575 $581,490 $112,390 $469,100
2015 $2,530 $112,390 $112,390 $0
2014 $2,530 $89,910 $89,910 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2025 08/22/25 For Sale $975,000 -- $250 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Warranty Deed -- Texas Central Title
Warranty Deed -- None Available
Source: Public Records

About the Listing Agent

Ashley Warren

Magnolia Realty

(254) 321-2056

Section Image

Ashley Warren was born and raised in Waco. After living in Dallas and Lubbock for her husband's medical training, she has been back in Waco and an active member of her community for 15 years. She is excited to channel that community focus toward real estate. With a passion for world-class service in the Waco area, Ashley is ready to help with your home buying and selling needs.

As a proud member of the Magnolia Realty family, Ashley carries the values of integrity, exceptional listening

Ashley's Other Listings

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    • 6 Beds
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  • 123 Lone Creek Dr, West, TX 76691

    $365,000

    • 3 Beds
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    • 1,951 Sq Ft
    • 123 Lone Creek Dr
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  • 439 Cr 414, Chilton, TX 76632

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    • 3,798 Sq Ft
    • 439 Cr 414
    • Chilton, TX

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  • 2038 La Porte Dr, Waco, TX 76710

    $290,000 Sold Jun 13, 2025

    • 3 Beds
    • 2 Baths
    • 1,888 Sq Ft
    • 2038 La Porte Dr
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    Welcome to this Mountainview gem at 2038 La Porte Dr. Positioned on a corner lot, this home is located in the highly desired Mountainview neighborhood and boasts an array of desirable updates and features that make it an ideal place to call home.This delightful 3 bedroom, 2 bathroom home spans a generous 1,888 square feet. The sizable living room is highlighted by multiple windows allowing

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  • 11220 Pallasite Dr, Lorena, TX 76655

    $275,000 Sold Aug 15, 2025

    • 3 Beds
    • 2 Baths
    • 1,507 Sq Ft
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  • 117 Hollygrove Dr, Hewitt, TX 76643

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  • 105 Edinburgh Ln, Waco, TX 76712

    $525,000 Sold Aug 08, 2025

    • 4 Beds
    • 3 Baths
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Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 21038995

North Texas Real Estate Information Systems (NTREIS)

APN: 48-033600-004300-0