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$660,790

2618 S 2nd St, Waco, TX, 76706

Off MarketInfo
CommercialInfo
Beds6 Beds
Baths3 Bath
Baths2,337 Sq Ft
Multi FamilyMulti Family
price_per_sqft$252.42 / sqft
Year BuiltBuilt in 2002

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater, Refrigerator
FlooringLaminate

Exterior

Lot Size42,597 sqft

Building Information

Year Built2002
Stories1
Roof Type105
Garage Spaces2

Land Information

APN480129010003006
Lot Number3
SubdivisionDunwody L R
Land UseResidential
Legal DescriptionDUNWODY L R LOT 3 BLOCK A ACRES .9779
Census Tract000200
Assessed Land Value$106,070
Assessed Improvement Value$554,720
Assessment Year2025

About this property

“Our college student lives just a few blocks from Baylor University, one of the most beautiful private colleges in the nation. Owning a home within blocks of Baylor University has proven to be a great return on my investment. Having 6 bedrooms enables the students to enjoy individual quiet time for studies and the open living area, back porch and spacious back yard are good for group gatherings and fellowship. Not having to park on the street is a bonus with the extended driveway.” If you wish you could own this house for your college student or if you would like to invest in a Property with 6 bedrooms, that could bring approximately $4,200 a month, call now to schedule an appointment. Tenant testimonials: ~love the layout ~we can enter a back door to enter our rooms and not have to go through the front ~nice residential area ~close to university but not TOO close ~quiet area ~like the covered parking area and the extremely large back yard.

Investor Tools

Property Icon
$660,790
Estimated Property Value
$292,000Estimated Mortgage Balance
$388,206Estimated Equity
56% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,965 /month
Positive
Cash Flow Estimate:
$1,322 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,495/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,641
$660,790
2025
$106,070
$554,720
$660,790
No

Tax History

Year
Tax Paid
Assessed Value
2024
$14,641
$660,790

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Alameda Mortgage Corp
Unknown
$292,000
No
First
Oct 12, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$272,584
$388,206
58%
41%
$1,751/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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2618 S 2nd St | Property Details | No Agent List