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$525,000

700 Hines Avenue, Waco, TX, 76706

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths1 Bath
Baths2,612 Sq Ft
TriplexTriplex
Year BuiltBuilt in 2021

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Dryer, Electric Oven, Washer
FlooringConcrete, Laminate, Vinyl

Exterior

Lot Size7,000 sqft

Building Information

Year Built2021
Stories2
Roof Type105

Land Information

APN480211000016007
Lot Number15
SubdivisionGurley G B
Land UseResidential
Legal DescriptionGURLEY G B LOT 15 BLOCK C ACRES .1607
Census Tract001900
Assessed Land Value$35,000
Assessed Improvement Value$405,000
Assessment Year2025

About this property

Modern, low-maintenance multi family opportunity with three move-in ready units : a 2021-built cottage and a duplex, all offering strong appeal for both investors and owner-occupants. The modern 2-story cottage is a 1 bedroom plus versatile flex space and 1.5 baths, highlighted by an open main level with a living and dining area, recessed lighting, and durable wood-look flooring. The galley kitchen includes white shaker cabinets, solid-surface counters, gas range, built-in microwave, dishwasher, refrigerator, and nearby stacked washer dryer, with all appliances conveying. Upstairs, a private bedroom with walk-in closet and full bath with extended vanity and step-in shower, not to forget a flex room ideal for an office, media space, or guest area. Exterior features include a covered front entry, fenced yard, and ample paved parking, making this home an attractive option for a live-in owner or rental. The duplex offers two spacious 1 bedroom, 1 bath units designed for easy upkeep and consistent rental demand. Unit A provides a bright, open layout with a large living area, stained concrete floors, neutral paint, recessed lighting, and ceiling fan, plus a well-appointed kitchen with painted shaker cabinetry, solid-surface counters, and stainless steel appliances. The bedroom delivers excellent natural light and closet storage, while the oversized bath offers an extended vanity, ample cabinetry, tub & shower combination, and in-unit washer & dryer. Unit B mirrors the modern feel with an open living and dining space, durable wood-look flooring, painted shaker cabinets, solid-surface counters, full appliance package, generous bedroom, large bath with extra storage and laundry machines as well. Off-street parking and low-maintenance finishes across all three dwellings is an appealing setup for investors seeking immediate income, or buyers wishing to occupy one unit and lease the others to help offset housing costs. Make this amazing opportunity in the Baylor bubble yours!

Investor Tools

$0Estimated Mortgage Balance
$470,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,150 /month
Positive
Cash Flow Estimate:
$1,050 /month

Interested in this property?

Garrett Alders

Coldwell Banker Apex, REALTORS

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,062/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,395
$440,000
2025
$35,000
$405,000
$440,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,395
$440,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$470,000
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
2.6%

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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700 Hines Avenue | Property Details | No Agent List