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$893,000

NAL Estimated Property Value

2114 S 11th St, Waco, TX, 76706

Off MarketInfo
CommercialInfo
Beds6 Beds
Baths7 Bath
Baths4,037 Sq Ft
price_per_sqft$247.71 / sqft
Year BuiltBuilt in 2021

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms Full 6Bathrooms Full 6
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Electric Cooktop, Electric Oven, Gas Water Heater, Microwave, Refrigerator, Tankless Water Heater, Vented Exhaust Fan, Washer
FlooringCarpet, Concrete, Laminate

Exterior

Exterior FeaturesLighting, Private Yard
Lot Size11,326 sqft

Building Information

Year Built2020
Stories2
Roof Type105

Land Information

APN480336000048000
Lot Number18
SubdivisionPrimrose
Land UseReal, Residential Single-Family
Legal DescriptionPRIMROSE LOT 18 BLOCK 1 ACRES .26
Census Tract001900
Assessed Land Value$271,810
Assessed Improvement Value$415,958
Assessment Year2025

About this property

Just minutes from Baylor University, this impressive 5-bedroom, 5.5-bathroom home spans over 4,037 sq. ft. and is thoughtfully designed for comfort, functionality, and long-term rental appeal. Currently leased to Baylor students for the 2025-2026 school year, it offers immediate income security for investors and peace of mind for parents. Inside, the home features a spacious loft perfect for studying or gathering, generously sized bedrooms each with private bath access, and an oversized downstairs suite that can easily accommodate two full-size beds—creating the option for a sixth tenant. The gorgeous kitchen is equipped with stainless steel appliances, abundant counter space, and modern cabinetry, while durable concrete and laminate flooring enhance the shared living spaces for easy care. Bedrooms are carpeted for comfort, giving each resident a cozy retreat. Affectionately nicknamed “The Estate” by its tenants, this home showcases modern finishes throughout and multiple living areas that strike the perfect balance between private retreats and inviting shared spaces. Outside, the property offers six designated parking spaces in a private, oversized driveway, along with a quaint front porch and private back patio for outdoor enjoyment. The lot is fully fenced on the sides and back, adding both privacy and security. With proven rental history, excellent amenities tailored to student living, and a prime location near campus, this property stands out as a rare turnkey investment opportunity in the heart of Waco.

Investor Tools

Property Icon
$893,000
Estimated Property Value
$0Estimated Mortgage Balance
$893,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,000 /month
Positive
Cash Flow Estimate:
$2,000 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,665/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$15,514
$687,768
2025
$271,810
$415,958
$687,768
No

Tax History

Year
Tax Paid
Assessed Value
2024
$15,514
$687,768

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$893,000
100%
0%
$0/mo

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.

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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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2114 S 11th St | Property Details | No Agent List