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$441,000

NAL Estimated Property Value

1215 Kellum Street, Waco, TX, 76704

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths2,436 Sq Ft
DuplexDuplex
Year BuiltBuilt in 2024

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer

Exterior

Exterior FeaturesRain Gutters
Lot Size7,100 sqft

Building Information

Year Built2024
Stories2
Roof Type105

Land Information

APN480434000128009
Lot Number29
SubdivisionWeisman J & Company
Land UseResidential
Legal DescriptionWEISMAN J & COMPANY LOT 29 BLOCK 7 ACRES .163
Census Tract001500
Assessed Land Value$12,570
Assessed Improvement Value$377,500
Assessment Year2025

About this property

NEW CONSTRUCTION DUPLEX – PRIME INVESTMENT OPPORTUNITY! This newly built duplex is strategically located in one of Waco's most desirable and rapidly growing areas, offering both immediate rental potential and long-term value. Situated just minutes from the Elm Avenue Historic District, this property combines modern living with the charm of Waco’s vibrant cultural scene. With proximity to McLane Stadium, downtown Waco’s thriving restaurant and entertainment district, and Baylor University, this duplex is an ideal rental property for students, faculty, sports fans, and young professionals. Offering two well-designed, low-maintenance units, this property is the perfect opportunity for savvy investors looking to capitalize on Waco’s strong rental demand. The duplex is just minutes from Interstate 35, providing seamless access to Waco’s key attractions and beyond, making it a highly desirable location for tenants. With the area’s rapid growth and the increasing demand for rental properties, this is a high-potential investment in an up-and-coming neighborhood. Each unit has been thoughtfully designed with modern finishes, spacious floor plans, and energy-efficient features, ensuring both comfort and sustainability for tenants. In addition, the property offers additional paved rear parking, providing convenience and ample space for residents. Whether you’re looking to attract long-term residents or short-term renters, this duplex offers flexibility and consistent rental income potential. Don’t miss the chance to invest in a brand-new duplex located in a high-demand area with unparalleled access to Waco’s key destinations. This is a rare opportunity to secure a property in a dynamic and growing market. Act now to add this prime investment to your portfolio!

Investor Tools

Property Icon
$441,000
Estimated Property Value
$0Estimated Mortgage Balance
$441,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,999 /month
Positive
Cash Flow Estimate:
$1,000 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$207/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$284
$390,070
2025
$12,570
$377,500
$390,070
No

Tax History

Year
Tax Paid
Assessed Value
2024
$284
$390,070

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$441,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,354/mo
N/A
+$1,354/mo
3.7%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Waco

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1215 Kellum Street | Property Details | No Agent List