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$455,000

$475,000

721 Austin Ave # B, Waco, TX, 76701

$490,157 ARVInfo
On MarketInfo
Price DropInfo
Beds2 Beds
Baths2 Bath
Baths1,295 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$351.35 / sqft
Year BuiltBuilt in 1919

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating Heat PumpHeating Heat Pump
AppliancesOther

Exterior

Lot Size819 sqft

Building Information

Year Built1919
Stories1
Roof Type183

Land Information

APN480148020002000
Lot Number4
Subdivision721 Austin Ave, Farm Lot 4 Blk 4 Lt 8 9
Land UseResidential
Legal DescriptionCONDO 721 AUSTIN AVE, FARM LOT 4 BLK 4 LT 8 9, UNIT B, 12.5 % INT IN COMMON AREA
Census Tract000100
Assessed Land Value$40,130
Assessed Improvement Value$363,250
Assessment Year2025

About this property

This beautifully updated 2 bedroom, 2 bath condo is perfectly situated in the vibrant downtown Waco area, making it a prime location for both relaxation and entertainment. The spacious open floor plan is light and bright, creating a warm and welcoming atmosphere. Enjoy the stylish finishes throughout including sleek granite countertops and island in the kitchen for enhancing both functionality and elegance. This condo is decided for comfort, making it an ideal investment opportunity or perfect getaway conveniently located to the Magnolia Silos and shopping. You will have access to the stunning rooftop lounging area, ideal for socializing, soaking up the sun, or enjoying the beautiful Waco skyline. This is a must-see for anyone looking to embrace the downtown lifestyle or capitalize on the lucrative rental opportunity.

Investor Tools

Property Icon
$593,000
Estimated Property Value
$178,500Estimated Mortgage Balance
$446,406Estimated Equity
70% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$490,157
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,558 /month
Positive
Cash Flow Estimate:
$1,186 /month

Interested in this property?

Celina Eastland

Weichert, Realtors - The Eastland Group

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,025/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,332
$403,380
2025
$40,130
$363,250
$403,380
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,332
$403,380

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Central National Bank
Commercial
$178,500
No
First
Oct 27, 2017
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$146,594
$446,406
75%
25%
$1,071/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,130/mo
$1,071/mo
+$59/mo
2.3%

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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721 Austin Ave # B | Property Details | No Agent List