$400,000

1607 W Ave Waco, TX 76707

$4,750
Closing credit¹
Multi-Family

Property details

About 1607 W Ave

Slam dunk investment property is yours for the taking! This Sanger Heights TRIPLEX on just under 1/2 an acre, is fully rented with top-notch renters, moderately updated with low Cap X costs, and extremely low vacancy. Main building is an up/down split, each unit with 3 beds, 1 bath. Garage Apartment out back is on the second floor above a storage building currently used by landlords. Front units have tastefully remodeled kitchens & bath featuring subway tile, stone countertop and fresh, modern hardware. Each unit has large bedrooms, original windows with bright natural light, original wood floors throughout most of the space, Central HVAC, and each unit has its own stackable laundry unit in the bathroom (one unit is about 2 years old, the other is 1 year old). The back unit has a more moderate remodel to the kitchen and bath, but still features subway tile and stone countertops, original wood floors through most of the unit, replaced carpet in one bedroom with vinyl plank, this unit does not have central air, but 2 modern window units that will stay with the property. Large graveled lot for plenty of parking and fully fenced with 3 sides redone in February. Walking distance to the new Central Waco Family Medicine, Jubilee Market, World Cup Cafe, Thrst Coffee and more! 5-10 minutes to downtown or Baylor.

Highlights

Home typeTriplex
HeatingCentral, Electric
StatusActive
CoolingCentral Air, Electric, Window Unit(s)
Year built1932
ParkingGravel, Parking Lot
MLS #229345

Virtual tour

Summary

  • MLS Number: 229345
  • MLS Name: NTR
  • Office Name: Fathom Realty
  • Office Phone: (888) 455-6040
  • Listing Agent: Chelsea Hutchens

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Last updated on: 4/16/2025, 10:20:59 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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colonial inspired home featuring brick siding, a front yard, fence, and a chimney

$400,000

1607 W Ave

$4,750

closing credit¹

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Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

YearAssessmentProperty Tax
2024$250,000$5,604
2023$250,000$5,981
2022$237,630$5,981
2021$179,530$4,250
2020$159,870$4,159
2019$153,380$3,208
2018$114,056$3,208
2017$103,687$2,946

History based on county public records data.

Nearby schools

3

West Avenue Elementary School

Public District PK-5

0.1 mi

1101 N 15th St

4

Provident Heights Elementary School

Public District PK-5

0.7 mi

2415 Bosque Blvd

1

Brook Avenue Elementary School

Public Charter PK-5

0.7 mi

720 Brook Ave

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $28,701. Most Waco, TX residents have annual incomes less than $<35k. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.

How much money do the neighbors make?

67%
<35k
33%
35k-100k
0%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree

What types of families live nearby?

52%
Single, No Kids
20%
Single, with Kids
15%
Married, No Kids
13%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

20%
<11 yrs old
8%
12-17 yrs old
23%
18-34 yrs old
35%
35-64 yrs old
14%
65+ yrs old

What do the neighbors do for fun?

  • Mexican League SoccerMexican League Soccer
  • Figure SkatingFigure Skating
  • NHRA Drag RacingNHRA Drag Racing

Where do the neighbors shop?

  • BurlingtonBurlington
  • Family DollarFamily Dollar
  • Big LotsBig Lots

Where do the neighbors go to eat?

  • Church's ChickenChurch's Chicken
  • Golden CorralGolden Corral
  • Burger KingBurger King

What do the neighbors drive?

  • ChevroletChevrolet
  • CadillacCadillac
  • KiaKia

What do the neighbors listen to?

  • Urban Adult ContemporaryUrban Adult Contemporary
  • JazzJazz
  • Adult StandardsAdult Standards
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 1607 W Ave in Waco, TX and zip code 76707 in the Sanger-Heights neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since April 3, 2025 and is currently priced at $400,000.

Waco, TX housing market in March 2025 saw over 10 listings sold above listed price, more than 12 sold at listed price and over 21 sold below. The inventory of homes for sale in Waco, TX between February and March 2025 increased by 7.4%. The median list price of listings available in March 2025 was $255,000, while the average time on the real estate market was 74 days.

From Rocket Homes Real Estate and based on county public records data.

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