Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours
Street View of property
Street View

$519,990

1605 Baylor Avenue, Waco, TX, 76706

Off MarketInfo
Beds6 Beds
Baths8 Bath
Baths3,454 Sq Ft
DuplexDuplex
Year BuiltBuilt in 2024

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Microwave

Exterior

Lot Size7,000 sqft

Building Information

Year Built2024
Stories2
Roof Type105
Garage Spaces2

Land Information

APN480010000228000
Lot Number3
SubdivisionPrather's Anita Park
Land UseResidential
Legal DescriptionPRATHER'S ANITA PARK LOT 3 BLOCK 18 ACRES .1607
Census Tract000401
Assessed Land Value$16,520
Assessed Improvement Value$505,300
Assessment Year2025

About this property

EXPLORE A RARE OPPORTUNITY to invest in a newly constructed duplex, located just 2 miles from Baylor University and close to the bustling downtown area and The Silos. This prime property is priced to sell and potentially endless possibilities for rental income. One unit can be rented out for steady income while the other can be used as a short-term rental. Or, both units can be rented out for maximum return on investment. With each unit having 3 bedrooms, walk-in closets 3.5 bathrooms, a 1 car garage, 1,692 SQF of prime living space, and a 6 Ft privacy fence separating the backyards this modern two-story duplex is perfect for student housing. The upgraded kitchen with appliances, a large granite top island, a spacious living room, and a dining area with LVP flooring throughout, create a modern and inviting atmosphere. The tasteful finishes make these units highly sought after. Whether you're a first-time homebuyer looking to invest, a seasoned investor, or are looking for your student.

Investor Tools

Property Icon
$521,820
Estimated Property Value
$0Estimated Mortgage Balance
$160,296Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,131 /month
Positive
Cash Flow Estimate:
$1,044 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$248/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$373
$521,820
2025
$16,520
$505,300
$521,820
No

Tax History

Year
Tax Paid
Assessed Value
2024
$373
$521,820

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Hometown Equity Mortgage
Commercial
$375,000
No
First
May 17, 2024
Jun 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$361,524
$160,296
30%
69%
$2,249/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,330/mo
$2,249/mo
$-919/mo
3.1%

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...

1605 Baylor Avenue | Property Details | No Agent List