$525,000

Estimated payment $3,001/month

Total Views 1,449
6 Beds
4 Baths
1,116 Sq Ft
$470 Price per Sq Ft

Highlights

  • Wood Flooring
  • 1-Story Property
  • Central Heating and Cooling System
  • Built-In Features
  • Detached Carport Space
  • 4-minute walk to North Waco Park

About This Home

Investment opportunity in the heart of North Waco. Located on the corner of N 24th Street and Edna Avenue, this 4-unit multifamily property offers stable income, strong rental demand, and easy access to nearby schools, shopping, and major employers. Each unit is individually metered and designed for low-maintenance operation — a solid addition to any investor’s portfolio. With continuous rental demand in this neighborhood and the ongoing growth throughout Waco, this corner property presents a compelling long-term hold or value-add opportunity. Whether you’re expanding your investment portfolio or stepping into multifamily ownership, this is a property worth serious consideration. Each unit is furnished and comes with a stove and refrigerator. This turnkey investment provides multiple income streams in one prime location. Schedule your private showing
Legal: MELBOURNE HTS Block P, Lots 8 & 9 (0.2032 + 0.2008 acres).

Listing Agent

Kenneth Castello

Weichert, Realtors - The Eastland Group License #683066 Listed on: 12/05/2025

Weichert, Realtors - The Eastland Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,965

Year Built

  • Built in 1923

Lot Details

  • 8,756 Sq Ft Lot

Parking

  • Detached Carport Space

Home Design

  • Pillar, Post or Pier Foundation
  • Composition Roof
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Built-In Features
  • Ceiling Fan

Kitchen

  • Electric Range
  • Microwave

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Schools

  • Cedar Ridge Elementary School
  • Waco High School

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 8 / P
  • Assessor Parcel Number 480289000170003

Community Details

Overview

  • 3 Buildings
  • 4 Units
  • 1,116 Sq Ft Building
  • Melbourne Heights Subdivision

Building Details

  • Gross Income $90,000
  • Net Operating Income $70,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,965

Year Built

Built in 1923

Lot Details

0

Listing Details

  • OWNERNAME: windfall Haus
  • Property Type: Residential Income
  • Unit Levels: One
  • Year Built Details: Preowned
  • CapRate: 13.33
  • Co List Office Mls Id: A8295648
  • HumanModifiedYN: Yes
  • UniversalParcelId: urn:reso:upi:2.0:US:48309:480289000170003
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Year Built: 1923

Interior Features

  • Interior Amenities: Built-in Features, Cable TV
  • Flooring: Vinyl, Wood
  • Appliances: Dryer, Electric Range, Gas Water Heater, Microwave, Refrigerator, Washer

Beds/Baths

  • Full Bathrooms: 4
  • Total Bedrooms: 6

Exterior Features

  • Foundation: Pillar/Post/Pier
  • Roof: Composition, Metal
  • Construction Materials: Wood Siding
  • Pool Features: None
  • Waterfront: No

Garage/Parking

  • Cooling System: Central Air, Ceiling Fan(s)
  • Parking Features: Detached Carport

Utilities

  • Sewer: Public Sewer
  • Heating: Central, Electric
  • Utilities: Electricity Connected, Sewer Available, Water Available, Cable Available
  • Heating Yn: Yes

Schools

  • Elementary School: Cedar Ridge
  • High School: Waco
  • Junior High Dist: Waco ISD

Lot Info

  • Lot Size Units: Acres
  • Lot Size Area: 0.201
  • Parcel Number: 480289000170003
  • Lot Size Acres: 0.201
  • Lot Size Sq Ft: 8755.56

Building Info

  • Year Built: 1923
  • Units Total: 4

Multi Family

  • Insurance Expense: 5000.0
  • Annual Gross Income: 90000.0
  • Property Net Operating Income: 70000.0

Tax Info

  • TaxBlock: P
  • Tax Lot: 8
  • Tax Annual Amount: 2965.0

MLS Schools

  • MiddleOrJuniorSchool: Tennyson

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 $2,827 $131,860 $17,140 $114,720
2024 $2,827 $125,320 $17,140 $108,180
2023 $2,489 $111,000 $17,140 $93,860
2022 $2,613 $103,790 $14,870 $88,920
2021 $1,538 $57,850 $7,520 $50,330
2020 $1,377 $50,770 $7,080 $43,690
2019 $1,326 $47,120 $6,820 $40,300
2018 $1,300 $45,730 $6,470 $39,260
2017 $1,253 $43,970 $6,210 $37,760
2016 $983 $34,490 $6,120 $28,370
2015 $1,026 $37,370 $5,860 $31,510
2014 $1,026 $36,470 $7,000 $29,470
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/05/2025 12/05/25 For Sale $525,000 -- $470 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Warranty Deed -- None Listed On Document
Warranty Deed -- None Listed On Document
Warranty Deed -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $129,150 New Conventional
Source: Public Records

About the Listing Agent

Kenneth Castello

Weichert, Realtors - The Eastland Group

(254) 354-2448

Section Image

Based in Waco, Texas, Ken Castello is a trusted real estate professional known for his local expertise, straight talk, and commitment to client success. As the Broker and Owner of Weichert Realtors – The Eastland Group, Ken leads a dedicated team focused on delivering results through knowledge, integrity, and hard work.

With years of experience in the Central Texas market, Ken has built his reputation on helping clients make confident decisions — whether buying their first home, selling

Kenneth's Other Listings

  • 3412 Kendall Ln, Bellmead, TX 76705

    $240,000

    • Land
    • 9.07 Acres
    • $26,461 per Acre
    • 3412 Kendall Ln
    • Bellmead, TX

    Price increase reflects the Seller has decided to sell all 9 acres, adding 2 acres to the listing Discover a rare 9-acre tract in the heart of Waco, just minutes from Baylor University and downtown. This prime piece of land offers an ideal blend of space and location, giving you room to spread out while staying close to everything the city has to offer. With frontage along Kendall Lane and easy

    Kenneth Castello Weichert, Realtors - The Eastland Group

    Section Image
  • 3501 Beutel Rd, Lorena, TX 76655

    $409,500

    • 4 Beds
    • 3.5 Baths
    • 2,623 Sq Ft
    • 3501 Beutel Rd
    • Lorena, TX

    Welcome to this charming home in the peaceful community of Lorena! This lovely property offers comfortable living with spacious rooms and a warm, inviting atmosphere. Perfect for relaxing or entertaining, the home includes a dedicated media room equipped with a high-quality TV, sound system, and four comfortable media chairs—all included with a full-price offer. Enjoy quiet evenings watching your

    Kenneth Castello Weichert, Realtors - The Eastland Group

    Section Image
  • 848 Canyon Oaks Rd, Crawford, TX 76638

    $1,499,000

    • 7 Beds
    • 5.5 Baths
    • 4,340 Sq Ft
    • 848 Canyon Oaks Rd
    • Crawford, TX

    Experience the beauty of riverfront living at 848 Canyon Oaks, now offered at 1.9M—an exceptional value from its original 2.5M list. Set on 16 acres above the Bosque River, this remarkable property offers the peace of nature with the space and flexibility to fit a variety of lifestyles. The main home welcomes you with lodge-style warmth, soaring ceilings, a striking stone fireplace, and panoramic

    Kenneth Castello Weichert, Realtors - The Eastland Group

    Section Image
  • 5273 Fm 73 W, Prairie Hill, TX 76678

    $240,000

    • 3 Beds
    • 2 Baths
    • 2,645 Sq Ft
    • 5273 Fm 73 W
    • Prairie Hill, TX

    Investor Special in Prairie Hill! This unique property offers not one but two homes with income-producing potential.The main house includes 3 bedrooms and 2 bathrooms, paired with updates like a new septic system and central HVAC, but will need additional TLC to bring it to full potential.Also included is the back house at 118 LCR 139, a 944 sq. ft. 2-bedroom, 1-bath home with its own

    Kenneth Castello Weichert, Realtors - The Eastland Group

    Section Image
  • 4016 N 27th St, Waco, TX 76708

    $450,000 Sold Aug 07, 2025

    • 4 Beds
    • 2 Baths
    • 2,137 Sq Ft
    • 4016 N 27th St
    • Waco, TX

    Nestled on 1.5 serene acres adorned with majestic oak trees, this charming 1971-built with an inviting blend of comfort and functionality. The main home features 4 spacious bedrooms, 2 bathrooms, a large living room, and a dining area seamlessly integrated into an open layout, ideal for gatherings or quiet evenings.A standout feature is the detached one-bedroom guest house, complete with

    Kenneth Castello Weichert, Realtors - The Eastland Group

  • 4320 Guthrie Cir, Waco, TX 76710

    $199,500 Sold May 23, 2025

    • 3 Beds
    • 1 Bath
    • 1,069 Sq Ft
    • 4320 Guthrie Cir
    • Waco, TX

    One-Owner Mid-Century Gem – Solid, Straight, and Full of Potential?? Located on a Quiet Cul-de-Sac, Built in 1955, Approx. 1,100 sq. ft.Welcome to this well-loved 3-bedroom, 1-bathroom home that’s been in the same family since it was built in 1955. Offering approximately 1,100 sq. ft. of living space, this solid, well-built classic is filled with character and ready for its next

    Kenneth Castello Weichert, Realtors - The Eastland Group

  • 1106 Chestnut St, Waco, TX 76704

    $165,000 Sold Sep 19, 2025

    • 3 Beds
    • 1 Bath
    • 1,204 Sq Ft
    • 1106 Chestnut St
    • Waco, TX

    Just a few blocks from the vibrant Elm Street area, this charming 3-bedroom, 1-bath home is full of potential and fresh updates. Step inside to find new flooring and fresh interior paint throughout, giving the space a clean, modern feel. The updated bathroom adds a nice touch of comfort and convenience.Outside, you'll find a detached two-car garage, perfect for storage, hobbies, or secure

    Kenneth Castello Weichert, Realtors - The Eastland Group

  • 304 Heather Run Dr, Woodway, TX 76712

    $450,000 Sold Nov 21, 2025

    • 4 Beds
    • 3.5 Baths
    • 2,700 Sq Ft
    • 304 Heather Run Dr
    • Woodway, TX

    Welcome to 304 Heather Run — where modern comfort meets low-maintenance living.This newly built 4-bedroom, 3.5-bath home offers over 2,700 square feet of thoughtfully designed space in a peaceful setting with tranquil pond views. Located just minutes from the Woodway Arboretum and close to nearby golf, this home is ideal for those who enjoy a balance of nature and convenience. The

    Kenneth Castello Weichert, Realtors - The Eastland Group

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 21126701

North Texas Real Estate Information Systems (NTREIS)

APN: 48-028900-017000-3