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Days40Days on Market
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$190,000

1323 Elm, Waco, TX, 76704

On MarketInfo
Beds2 Beds
Baths1 Bath
Baths664 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$286.14 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Heating Space/SuspendedHeating Space/Suspended
AppliancesElectric Water Heater
FlooringVinyl

Exterior

Lot Size4,800 sqft

Building Information

Year Built1950
Stories1
Roof Type105

Land Information

APN480395000005001
Lot Number5
SubdivisionSublett L M Sub
Land UseResidential
Legal DescriptionSUBLETT L M SUB LOT 5 BLOCK M ACRES .1102
Census Tract001500
Assessed Land Value$9,600
Assessed Improvement Value$64,400
Assessment Year2025

About this property

Located on Elm Ave, this property sits on a smaill corner lot. Zoned commercially this property has residential, commercial or mixed-use opportunities. Recent upgrades include spray foam inslultion in the attic and new electrical. Ideal for a small residence, office, studio, botique or investment property. Conveniently located just a block off of I35 and a short drive from everyday essentials like HEB and Sam's Club. Less than 2 miles from downtown Waco, the riverwalk, Baylor University, McLane Stadium and the Foster Pavillion. Downtown offers the Magnolia Silos, many restaurants, and other exciting venues. Owner may consider owner financing.

Investor Tools

Property Icon
$90,000
Estimated Property Value
$0Estimated Mortgage Balance
$90,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,140 /month
Positive
Cash Flow Estimate:
$380 /month

Interested in this property?

James Griffin

Bentwood Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$163/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,509
$74,000
2025
$9,600
$64,400
$74,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,509
$74,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$90,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$787/mo
N/A
+$787/mo
10.5%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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