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A+
NoAgentList RatingHow are grades calculated? Info
Days63Days on Market
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$329,900

$335,000

2912 Fort Ave, Waco, TX, 76707

$428,870 ARVInfo
Under ContractInfo
Price DropInfo
Beds5 Beds
Baths2 Bath
Baths2,900 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$113.76 / sqft
Year BuiltBuilt in 1935

Property Lead Type:

Off-Market ListMust-SellAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
HeatingHeating
CoolingCooling
AppliancesElectric Oven, Gas Cooktop, Gas Water Heater
FlooringCeramic Tile, Laminate

Exterior

Lot Size9,622 sqft

Building Information

Year Built1935
Stories2
Roof Type105

Land Information

APN480237000010001
Lot Number11
SubdivisionHubby Sub
Land UseResidential
Legal DescriptionHUBBY SUB LOT 11 BLOCK 1 ACRES .2209
Census Tract000800
Assessed Land Value$42,140
Assessed Improvement Value$247,860
Assessment Year2025

About this property

Spacious 5-Bedroom Home with Guest House in the heart of Waco! Full of charm and character, this inviting property is just minutes from downtown, local coffee shops and eateries, and Baylor University. Situated on a beautiful corner lot shaded by mature trees, the home is tucked along a peaceful block lined with other charming residences. Inside the main home, you’ll find original hardwood floors, abundant natural light, and generously sized rooms throughout. The living room features a cozy fireplace, built-ins, French doors, and access to a bright bonus nook—perfect for a home office or playroom. The updated kitchen serves as the heart of the home, offering a large island, beautiful countertops, exposed brick accents, a built-in China cabinet, and seamless flow to the formal dining room and sunroom. Upstairs, four spacious bedrooms, a full bath, and a cozy sitting area off the landing provide plenty of room for everyone. Adding even more value, the property includes an updated 2-bedroom, 1-bath garage apartment with private laundry—ideal for guests, multigenerational living, or rental income. The main home is currently leased at $2,500-month through July 2026, and the garage apartment at $1,125-month through June 2026, making this a standout investment opportunity. Major system updates include replaced main water lines to both the house and garage, along with newly installed gas lines for added peace of mind. A rare find offering charm, space, and income potential—all in one prime Waco location.

Investor Tools

Property Icon
$342,000
Estimated Property Value
$158,507Estimated Mortgage Balance
$248,722Estimated Equity
54% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$428,870
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,052 /month
Positive
Cash Flow Estimate:
$684 /month

Interested in this property?

Amanda Grundman

Magnolia Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$659/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,203
$290,000
2025
$42,140
$247,860
$290,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,203
$290,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Plaza Home Mortgage Inc
Fha
$158,507
Yes
First
Oct 23, 2009
Nov 2039

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$93,278
$248,722
72%
27%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,354/mo
N/A
+$1,354/mo
4.8%

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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2912 Fort Ave | Property Details | No Agent List