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

$694,000

NAL Estimated Property Value

1745 Meixner Rd, Waco, TX, 76705

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,016 Sq Ft
price_per_sqft$372.02 / sqft
Year BuiltBuilt in 1988

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Range, Electric Water Heater, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Exterior FeaturesRain Barrel/Cistern(s), RV Hookup, Storage
Lot Size11.18 acres

Building Information

Year Built1988
Stories1
Roof Type105
Garage Spaces4

Land Information

APN200034000055031
SubdivisionRutherford Joseph
Land UseAgriculture / Farming
Legal DescriptionRUTHERFORD JOSEPH ACRES 11.18, LAND ACCT, MH ONLY ON PID: 376945 LAND ACCT, MH ONLY ON PID: 376945
Census Tract003402
Assessed Land Value$26,100
Assessed Improvement Value$381,820
Assessment Year2025

About this property

Rare multi-home hobby farm with income potential on approximately 11.2 serene acres just outside Waco! This park-like retreat features two full-size homes, each over 2,000 sq.ft., two beautifully finished cabins used as Airbnb units, multiple outbuildings, cross-fenced pastures, fruit trees, mature oaks, gardens, and a tranquil stocked pond. The peaceful setting is ideal for multigenerational living, rental income, hobby farming, or a private retreat. The brick home offers 4 bedrooms, 2 baths, a dedicated office, laundry room, and a flexible second living area ideal for homeschooling, art, or hobbies. The light-filled interior blends function and warmth with tasteful finishes and generous storage. A broad front porch creates the perfect spot to enjoy the sunrise, relax in the evenings, or host outdoor gatherings. The second residence, a Palm Harbor home in its first and only location, includes 3 bedrooms, 2 baths, 2 open living areas, an office, a large primary suite with wraparound closet, and its own laundry room. Alongside the house, a 22-by-25 covered parking area includes RV hookups, and a nearly 10,000-gallon rainwater collection system supports gardening and irrigation. Both houses feature 2024 AC systems replaced in 2024. The beauty and durability of luxury vinyl plank flooring graces much of flooring space in the houses and cabins. The 2 cabins add charm and flexibility. Each offers a full bath, kitchen, and efficient mini-split climate control—ideal for guests, extended family, or continued short-term rental use. A fourth exterior building used for servicing AirBnB laundry and services, offers potential for an office or studio too. A large metal workshop with slab and drive-through bays provides space for projects and equipment. Located outside city limits and within the Waco ETJ, 1745 Meixner combines natural beauty, a convenient location, thoughtful and functional design, and freedom when you’re ready to create your vision!

Investor Tools

Property Icon
$694,000
Estimated Property Value
$0Estimated Mortgage Balance
$694,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,500 /month
Positive
Cash Flow Estimate:
$1,500 /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
$452/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,958
$407,920
2025
$26,100
$381,820
$489,370
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,958
$407,920

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$694,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
N/A
+$1,307/mo
2.3%

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...