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$400,000

2001 Washington Ave, Waco, TX, 76701

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths1 Bath
Baths2,024 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$197.63 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Absentee OwnerVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesOther

Exterior

Lot Size9,975 sqft

Building Information

Year Built1930
Stories1
Roof Type105
Garage Spaces3

Land Information

APN480167000053003
Lot Number31
SubdivisionFarm Lot 31
Land UseResidential
Legal DescriptionFARM LOT 31 LOT 7 8A BLOCK O ACRES .229
Census Tract000700
Assessed Land Value$55,660
Assessed Improvement Value$260,710
Assessment Year2025

About this property

Located in the heart of Waco near Pinewood Coffee and Monument Barber Co., 2001 Washington Ave offers a unique opportunity as either a turnkey investment or a professional office. Currently operating as a successful short-term rental, this charming 3-bedroom, 2-bath home features a versatile bonus room upstairs that can serve as an additional sleeping area, office, or flex space. With its prime location and flexible zoning potential, the property is well-suited for continued Airbnb use, owner occupancy, or conversion to a boutique office for professional services. A rare chance to own a property that combines character, income potential, and commercial flexibility.

Investor Tools

Property Icon
$316,370
Estimated Property Value
$260,265Estimated Mortgage Balance
$0Estimated Equity
18% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,400 /month
Positive
Cash Flow Estimate:
$800 /month

Interested in this property?

Caleb Loudamy

Coldwell Banker Apex, REALTORS

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$703/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,851
$316,370
2025
$55,660
$260,710
$316,370
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,851
$316,370

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Central National Bank
Commercial
$203,045
No
First
Jan 11, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$450,973
N/A
0%
143%
$3,003/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,480/mo
$3,003/mo
$-1,523/mo
5.6%

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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