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$276,000

1827 Proctor Avenue A & B, Waco, TX, 76708

Off MarketInfo
Baths0 Bath
Baths1,176 Sq Ft
DuplexDuplex
Year BuiltBuilt in 1917

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bathrooms Full 2Bathrooms Full 2
HeatingHeating
CoolingCooling
AppliancesRefrigerator

Exterior

Lot Size5,271 sqft

Building Information

Year Built1917
Stories1
Roof Type105

Land Information

APN480424000816004
Lot Number8A
SubdivisionUniversity Hts
Land UseResidential
Legal DescriptionUNIVERSITY HTS LOT 8A BLOCK 101 ACRES .121
Census Tract001100
Assessed Land Value$12,390
Assessed Improvement Value$121,480
Assessment Year2025

About this property

DUPLEX - GREAT INVESTMENT OPPORTUNITY!! It has excellent Cash Flow at 8.2% CAP rate!!! Rents for $2000 a month, tenants pay all utilities. Terrific location, close to downtown Waco. Recently updated in 2019 with new kitchen, flooring, and fresh paint. Foundation was leveled in Jan 2022. Each unit is 2 bed/1 bath and currently rented for $1000/month per unit. Do nothing and start collecting rent! Zoned C-2, exciting potential to be an Airbnb with easy access to Cameron Park Zoo and Magnolia Silos. DO NOT DISTURB TENANTS.

Investor Tools

Property Icon
$276,000
Estimated Property Value
$0Estimated Mortgage Balance
$276,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,656 /month
Positive
Cash Flow Estimate:
$552 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$354/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,863
$133,870
2025
$12,390
$121,480
$133,870
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,863
$133,870

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$276,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,330/mo
N/A
+$1,330/mo
5.8%

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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