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$179,900

512 Herring Avenue, Waco, TX, 76708

$191,249 ARVInfo
On MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,176 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$152.98 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

BankruptcyAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating Space/SuspendedHeating Space/Suspended
AppliancesDishwasher, Disposal, Electric Range, Microwave, Refrigerator
FlooringVinyl

Exterior

Exterior FeaturesStorage
Lot Size5,898 sqft

Building Information

Year Built1940
Stories1
Roof Type105
Garage Spaces1

Land Information

APN480023000003000
Lot Number3
SubdivisionBarnard J H Sub
Land UseResidential
Legal DescriptionBARNARD J H SUB LOT 3 BLOCK 121 ACRES .1354
Census Tract001300
Assessed Land Value$18,820
Assessed Improvement Value$109,240
Assessment Year2025

About this property

OWNER FINANCE OPPORTUNITY – Rare opportunity to purchase two adjoining parcels in Waco’s Opportunity Zone, offering outstanding flexibility for homeowners, investors, and developers alike. Featuring highly desirable R-3E zoning, these properties allow for a variety of high-density residential uses including duplexes, townhomes, multifamily residences, and apartments, creating exceptional future development potential in one of Waco’s growing areas. The primary property features a spacious 2-bedroom, 2-bath home updated with fresh interior paint and new flooring, offering a clean and move-in ready space. Outside, you’ll find a detached garage along with additional storage space ideal for a workshop, studio, or hobby area. The adjoining vacant lot expands the possibilities even further, providing additional space for development, investment, or future expansion. Conveniently located just minutes from Cameron Park, the Cameron Park Zoo, and the Brazos River, these properties offer quick access to some of Waco’s most popular outdoor attractions, trails, recreation, dining, downtown Waco, Baylor University, and major thoroughfares. Whether you’re looking for a primary residence with additional land, an income-producing investment, or a future development opportunity, these combined parcels offer incredible versatility and long-term potential. A DIFFERENT PATH TO HOMEOWNERSHIP – Flexible owner financing options are available for qualified buyers, creating an attractive opportunity for those seeking alternative financing solutions.

Investor Tools

$0Estimated Mortgage Balance
$180,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$191,249
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,080 /month
Positive
Cash Flow Estimate:
$360 /month

Interested in this property?

Daniela Rodriguez

Turner Brothers Real Estate, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$333/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,095
$128,060
2025
$18,820
$109,240
$128,060
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,095
$128,060

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$180,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,330/mo
N/A
+$1,330/mo
8.9%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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512 Herring Avenue | Property Details | No Agent List