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$799,900

1309 Wood Ave, Waco, TX, 76706

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths2 Bath
Baths2,800 Sq Ft
DuplexDuplex
Year BuiltBuilt in 2006

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
FlooringCarpet, Concrete, Vinyl

Exterior

Exterior FeaturesOther
Lot Size8,250 sqft

Building Information

Year Built2006
Stories2
Roof Type105

Land Information

APN480262000028006
Lot Number8
SubdivisionKyger
Land UseResidential
Legal DescriptionKYGER LOT 8 BLOCK 3 ACRES .1894
Census Tract000402
Assessed Land Value$125,810
Assessed Improvement Value$272,420
Assessment Year2025

About this property

Investment Opportunity in the Baylor Bubble! Positioned in the highly desirable Baylor Bubble with convenient access to Baylor University and just minutes from downtown Waco, this well-appointed duplex offers an excellent opportunity for investors, student housing, or those seeking a property with strong income-generating potential. Each unit features 4 bedrooms and 2 bathrooms, providing a total of 8 bedrooms and 4 bathrooms across the property. Inside, each unit offers a spacious, open-concept layout designed for comfortable living and entertaining, complemented by vaulted ceilings that create an airy, inviting atmosphere. The kitchens are equipped with all appliances and feature a functional island with additional storage, making meal preparation and gathering effortless. Step outside to enjoy the private fenced backyard, complete with a patio, fire pit, and outdoor table and chairs—an inviting space for relaxing, entertaining, or enjoying evenings outdoors. A paved driveway provides 8 parking spaces, adding valuable convenience for residents and guests. With its proximity to Baylor University, downtown Waco, local restaurants, shopping, and entertainment, this duplex offers a prime location for tenants looking to enjoy all that the area has to offer. Whether you're expanding your investment portfolio or looking for a property with versatile income potential, this duplex combines desirable amenities, ample bedroom count, and a sought-after location.

Investor Tools

$220,300Estimated Mortgage Balance
$340,700Estimated Equity
60% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,799 /month
Positive
Cash Flow Estimate:
$1,600 /month

Interested in this property?

Kyra Estrada

Graceland Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$972/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,863
$398,230
2025
$125,810
$272,420
$398,230
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,863
$398,230

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Quicken Loans Llc
Conventional
$245,000
No
First
May 12, 2021
Jun 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$220,300
$340,700
60%
39%
$1,469/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,370/mo
$1,469/mo
$-99/mo
2.9%

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.

Explore Texas Explore This Area
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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