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$653,000

2326 Austin Ave, Waco, TX, 76701

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths2,854 Sq Ft
Year BuiltBuilt in 1929

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
HeatingHeating
CoolingCooling
AppliancesDishwasher, Refrigerator

Exterior

Exterior FeaturesTennis Court(s)
Lot Size33,001 sqft

Building Information

Year Built1929
Stories2
Roof Type115

Land Information

APN480200000165011
Lot Number15
SubdivisionGlenwood
Land UseResidential
Legal DescriptionGLENWOOD LOT 15 BLOCK 28 ACRES .7576
Census Tract000700
Assessed Land Value$83,820
Assessed Improvement Value$404,450
Assessment Year2025

About this property

1929 Classic Austin Ave multi family property located on large corner lot. Includes 7 units that are all currently rented. There are 3 efficiency units, 3 - 2 bedroom units, and one - 1 bedroom unit. Each tenant is responsible for their utilities. With over 5700 square feet, almost on an acre .75 lot size, and large corner lot, this property has a lot of great possibilities. Attached to property is large lot with tennis court. Excellent location near downtown Waco, Baylor University, and the beautiful Castle Heights.

Investor Tools

Property Icon
$653,000
Estimated Property Value
$320,000Estimated Mortgage Balance
$371,034Estimated Equity
51% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,918 /month
Positive
Cash Flow Estimate:
$1,306 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,214/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,301
$488,270
2025
$83,820
$404,450
$488,270
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,301
$488,270

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Bank Na
Unknown
$320,000
No
First
Apr 13, 2020
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$281,966
$371,034
56%
43%
$1,919/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$890/mo
$1,919/mo
$-1,029/mo
1.6%

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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2326 Austin Ave | Property Details | No Agent List