$99,000
$12K PRICE DROP

216 N Carpenter St Unit A & B Mart, TX 76664

Estimated payment $690/month

Total Views 3,672
4 Beds
2 Baths
1,888 Sq Ft
$52 Price per Sq Ft

Highlights

  • Open Floorplan
  • 1-Story Property
  • Central Heating and Cooling System
  • Paneling
  • Luxury Vinyl Plank Tile Flooring

About This Home

Investment Opportunity: Two Duplex Package in Mart, TX. Other listing is 214 N. Carpenter Street (MLS #20985250).

Unlock the potential with this rare package deal featuring two duplexes, each offering two bedrooms and one bath per unit. Conveniently located just a few blocks from charming downtown Mart and only 20 minutes from Waco, these properties are ideally situated for tenants seeking small-town living with city access.

Both duplexes are tenant-occupied, generating steady income from day one. Whether you’re looking to expand your rental portfolio or pursue a value-add opportunity, this investment offers plenty of upside. Explore possibilities to increase rents, enhance the properties, or hold for long-term appreciation.

Don’t miss your chance to acquire four income-producing units in a growing area with excellent proximity to Waco’s employment, entertainment, and educational hubs.

Contact us today for financials and to schedule a showing!

Listing Agent

Trevor Caswell

Keller Williams Realty, Waco License #743181 Listed on: 07/07/2025

Keller Williams Realty, Waco

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,000

Year Built

  • Built in 1975

Parking

  • Gravel Driveway

Home Design

  • Duplex
  • Pillar, Post or Pier Foundation
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Open Floorplan
  • Paneling
  • Luxury Vinyl Plank Tile Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Schools

  • Mart Elementary School
  • Mart High School

Additional Features

  • 9,000 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 131627

Community Details

Overview

  • 2 Units
  • 1,888 Sq Ft Building
  • Cowan Effie Addn Subdivision

Building Details

  • Gross Income $9,540
  • Net Operating Income $6,575

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,000

Year Built

Built in 1975

Lot Details

0

Listing Details

  • OWNERNAME: Blaine Alger
  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Unit Levels: One
  • Year Built Details: Preowned
  • CapRate: 6.64
  • Co List Office Mls Id: A8295250
  • Special Features: VirtualTour
  • Year Built: 1975

Interior Features

  • Interior Amenities: Open Floorplan, Paneling/Wainscoting
  • Flooring: Luxury Vinyl Plank

Beds/Baths

  • Full Bathrooms: 2
  • Total Bedrooms: 4

Exterior Features

  • Foundation: Pillar/Post/Pier
  • Roof: Composition
  • Pool Features: None

Garage/Parking

  • Cooling System: Central Air
  • Parking Features: Gravel
  • GarageYN: No

Utilities

  • Sewer: Public Sewer
  • Heating: Central
  • Utilities: Sewer Available, Water Available
  • Heating Yn: Yes

Schools

  • Elementary School: Mart
  • High School: Mart
  • Junior High Dist: Mart ISD

Lot Info

  • Lot Size Units: Acres
  • Lot Size Area: 0.2066
  • Parcel Number: 131627
  • Lot Size Acres: 0.2066
  • Lot Size Sq Ft: 8999.5

Building Info

  • Year Built: 1975
  • Units Total: 2

Multi Family

  • Insurance Expense: 1500.0
  • Annual Gross Income: 9540.0
  • Property Net Operating Income: 6575.0

MLS Schools

  • MiddleOrJuniorSchool: Mart

Map

Range of Values:

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Average Value
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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
2025 $2,000 $98,910 $14,490 $84,420
2024 $2,000 $89,000 $14,490 $74,510
2023 $2,030 $89,000 $14,490 $74,510
2022 $2,281 $90,750 $12,600 $78,150
2021 $1,553 $56,000 $11,520 $44,480
2020 $1,118 $40,000 $10,890 $29,110
2019 $1,581 $55,200 $10,440 $44,760
2018 $1,407 $53,270 $9,900 $43,370
2017 $1,180 $44,650 $9,450 $35,200
2016 $1,146 $43,370 $9,270 $34,100
2015 $727 $27,393 $8,730 $18,663
2014 $727 $27,393 $8,730 $18,663
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2025 08/15/25 Price Changed $99,000 -10.8% $52 / Sq Ft
07/07/2025 07/07/25 For Sale $111,000 -- $59 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20987570

North Texas Real Estate Information Systems (NTREIS)

APN: 32-001500-000201-8

Texas Mclennan County Mart 76664

216 N Carpenter St Unit A & B, Mart, TX

This home is located at 216 N Carpenter St Unit A & B, Mart, TX 76664 and is currently priced at $99,000, approximately $52 per square foot. This property was built in 1975. 216 N Carpenter St Unit A & B is a home located in McLennan County with nearby schools including Mart Elementary School and Mart High School.

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North Texas Real Estate Information Systems (NTREIS) Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2025. All rights reserved

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Trevor Caswell
Listing Agent
Trevor Caswell
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Keller Williams Realty, Waco
(254) 252-3454