609 Rose St Waco, TX 76704
East Riverside NeighborhoodEstimated payment $154/month
About This Lot
OPPORTUNITY ZONE: Prime 6,250 SF interior lot zoned R-2 Multifamily, ideally positioned for duplex, triplex, or small-scale multifamily development. Located at 609 Rose St, this site offers exceptional connectivity just minutes from I-35 and Highway 77, providing fast access to Downtown Waco, Baylor University, and the city’s growing commercial corridors.
City water, sewer, and electric are already available on site, significantly reducing development time and cost. The lot sits within an established neighborhood surrounded by ongoing revitalization, making it a high-demand area for new construction rentals or small multifamily projects.
Waco continues to experience strong demand driven by its thriving college population, a national tourism draw anchored by Chip & Joanna Gaines’ Magnolia brand, multiple museums and arts venues, and the iconic 400-acre Cameron Park—one of the largest municipal parks in Texas.
Whether you’re a builder, developer, or investor, this property provides rare affordability and strong upside in one of Central Texas’s most dynamic growth markets.
Key Highlights:
Lot Size: 6,250 sq ft
Zoning: R-2 Multifamily
Use Options: Duplex, triplex, and other low-density multifamily
Utilities: Water, sewer, and electric readily available
Location: Minutes to I-35, Hwy 77, Downtown Waco & Baylor
Next door & to left of 605 Rose St.
Property Details
Property Type
- Land
Est. Annual Taxes
- $260
Lot Details
- 6,273 Sq Ft Lot
- Lot Dimensions are 50x125
- Zoning described as Excellent multifamily infill lot located at 609 Rose St in central Waco. Zoned R-2 and ideal for a duplex or triplex.
Location
- City Lot
Schools
- Jh Hines Elementary School
- Waco High School
Community Details
- Turner Cltn Turner Subdivision
Listing and Financial Details
- Legal Lot and Block 12 / 8
- Assessor Parcel Number 480420000078002
Map
Home Values in the Area
Average Home Value in this Area
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 | $261 | $11,560 | $11,560 | -- |
| 2024 | $261 | $11,560 | $11,560 | $0 |
| 2023 | $259 | $11,560 | $11,560 | $0 |
| 2022 | $253 | $10,060 | $10,060 | $0 |
| 2021 | $274 | $10,310 | $10,310 | $0 |
| 2020 | $266 | $9,810 | $9,810 | $0 |
| 2019 | $119 | $4,230 | $4,060 | $170 |
| 2018 | $113 | $3,960 | $3,810 | $150 |
| 2017 | $108 | $3,800 | $3,630 | $170 |
| 2016 | $106 | $3,720 | $3,560 | $160 |
| 2015 | $90 | $3,670 | $3,500 | $170 |
| 2014 | $90 | $3,190 | $3,000 | $190 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/18/2025 11/18/25 | For Sale | $25,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Trustee Deed | $22,574 | None Available |
Source: North Texas Real Estate Information Systems (NTREIS)
MLS Number: 21113894
APN: 48-042000-007800-2
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