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Days187Days on Market
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$1,250,000

$1,350,000

632 S 7th St, Waco, TX, 76706

On MarketInfo
CommercialInfo
Price DropInfo
Beds2 Beds
Baths2 Bath
Baths1,096 Sq Ft
Multi FamilyMulti Family
Year BuiltBuilt in 2022

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
HeatingHeating
CoolingCooling
AppliancesConvection Oven
FlooringLaminate, Vinyl

Exterior

Lot Size2,901 sqft

Building Information

Year Built2022
Stories1
Roof Type105

Land Information

APN480414000038008
Lot Number1A
SubdivisionTinsley
Land UseResidential
Legal DescriptionTINSLEY LOT 1A BLOCK 2 ACRES 0.0666
Census Tract000401
Assessed Land Value$36,260
Assessed Improvement Value$370,150
Assessment Year2025

About this property

Prime downtown Waco special-use property offering 3,182 SF of fully furnished short-term rental space. This turnkey investment delivers in-place revenue with future reservations already booked. Located in the heart of Waco’s vibrant downtown near Magnolia and Baylor University, this property combines strong income performance with exceptional visibility.

Investor Tools

Property Icon
$489,000
Estimated Property Value
$0Estimated Mortgage Balance
$489,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,500 /month
Positive
Cash Flow Estimate:
$2,500 /month

Interested in this property?

Caleb Loudamy

Coldwell Banker Apex, REALTORS

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$664/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,527
$391,370
2025
$36,260
$370,150
$406,410
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,527
$391,370

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$688,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,010/mo
N/A
+$1,010/mo
2.5%

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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