Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours

$36,000

NAL Estimated Property Value

508 Herring Avenue, Waco, TX, 76708

Off MarketInfo
Baths0 Bath
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size5,898 sqft

Land Information

APN480023000002004
Lot Number2
SubdivisionBarnard J H Sub
Land UseResidential
Legal DescriptionBARNARD J H SUB LOT 2 BLOCK 121 ACRES .1354
Census Tract001300
Assessed Land Value$18,820
Assessment Year2025

About this property

PRIME DEVELOPMENT & OWNER FINANCING OPPORTUNITY Exceptional vacant lot located in Waco’s Opportunity Zone with highly desirable R-3E zoning, offering incredible flexibility for investors, builders, and developers. This zoning designation allows for a variety of high-density residential uses including duplexes, townhomes, multifamily residences, and apartments, making this property an excellent option for future development in a growing area of Waco. Conveniently located just minutes from Cameron Park, the Cameron Park Zoo, and the Brazos River, this property offers easy access to some of Waco’s most popular outdoor attractions, trails, recreation areas, and entertainment destinations. Downtown Waco, Baylor University, shopping, dining, and major thoroughfares are also just a short drive away. The lot is positioned next to a 2-bedroom, 2-bath home that is also available for purchase, creating the opportunity to acquire both properties together for expanded development potential or additional space. Whether you’re looking to build now, hold as an investment, or combine with the neighboring property for a larger project, this property offers outstanding versatility and long-term potential in one of Waco’s rapidly developing areas. Owner financing may be available for qualified buyers, providing flexible options for investors and future homeowners alike.

Investor Tools

Property Icon
$36,000
Estimated Property Value
$0Estimated Mortgage Balance
$36,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$300 /month
Positive
Cash Flow Estimate:
$100 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$50/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$425
$18,820
2025
$18,820
N/A
$18,820
No

Tax History

Year
Tax Paid
Assessed Value
2024
$425
$18,820

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$36,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...

508 Herring Avenue | Property Details | No Agent List