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$49,000

NAL Estimated Property Value

TBD Michigan Street, Bellmead, TX, 76705

SoldInfo
8/17/26
Baths0 Bath
ImprovedLandImprovedLand

About this property

Prime investment opportunity awaits just minutes outside of Waco! This exceptional 0.59-acre tract offers the perfect blend of small-town charm and city convenience, with city utilities already available right at the street for a seamless build process. Zoned specifically for duplexes and apartments by the city of Bellmead, the property opens the door to lucrative multi-family development possibilities. Whether you are looking to expand your real estate portfolio with a high-potential income producer or searching for the ideal spacious lot to build your dream residence, this versatile piece of land is ready to accommodate your vision. The lot directly across the street is also available for purchase. Offered at an incredible value of just $49,000, a deal like this won't last long—secure your next great venture today!

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0% equity
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$300 /month
Positive
Cash Flow Estimate:
$100 /month

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Financing Details

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

Learn About the Market: Opportunity in Texas

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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.

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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: Bellmead

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TBD Michigan Street | Property Details | No Agent List