Investment opportunity in Waco! 1702 Ethel Avenue is a fully renovated triplex offered as part of a multi-property investment portfolio. The property consists of three residential units: a spacious 4-bedroom, 1-bath lower unit in the main residence, a 2-bedroom, 2-bath upper unit, and a detached 1-bedroom, 1-bath cottage located at the rear of the property. All three units have undergone extensive renovations and feature mini-split systems for heating and cooling. The property offers ample off-street parking and separate water, gas, and electric meters for each unit, providing an attractive setup for investment ownership and property management. Additional properties available as part of the portfolio include 1704 Ethel Avenue and 1716 Ethel Avenue. Contact your real estate professional for additional information regarding the portfolio offering, financials, leases, and availability. Please do not disturb tenants.
| Listing Id: | 21400787 |
|---|---|
| List Price: | $465,000 |
| Property Type: | Residential Income |
| Property Sub Type: | Triplex |
| Status: | Active |
| Bedrooms Total: | 7 |
| Bathrooms Full: | 4 |
| Unexempt Taxes: | $1,686 |
| Lot Size Square Feet: | 10,454.4000 |
| Lot Size Acres: | 0.24 |
| Waterfront?: | No |
| City: | Waco |
| County Or Parish: | Mclennan |
| Subdivision Name: | Dickey |
| Postal Code: | 76707 |
| Year Built: | 1920 |
| Unit Count: | 3 |
| Accessibility Features Yn: | No |
| Appliances: | Gas Range,Refrigerator |
| Association Type: | None |
| Basement Yn: | No |
| Bathrooms Total Decimal: | 4.00 |
| Bathrooms Total Integer: | 4 |
| Building Area Source: | Assessor |
| Building Area Total: | 3,324.00 |
| Complex Name: | NA |
| Construction Materials: | Siding, Wood |
| Cooling: | Electric |
| Directions: | From W. Waco Dr, head north on N. 18th St. Turn right onto Ethel Ave. Property will be on the right at 1702 Ethel Ave. |
| Elementary School: | West Avenue |
| Elementary School Name: | West Avenue |
| Flooring: | Luxury Vinyl Plank |
| Foundation Details: | Concrete Perimeter |
| Garage?: | No |
| Gross Annual Expenses: | $3,974 |
| Gross Annual Income: | $51,600 |
| Heating: | Electric |
| High School Name: | Waco |
| Insurance Expense: | $2,288 |
| Interior Features: | Other |
| Levels: | Two |
| Listing Terms: | 1031 Exchange, Cash, Conventional, FHA |
| Lot Size Area: | 0.2400 |
| Lot Size Units: | Acres |
| Middle School Name: | GW Carver |
| Multi Parcel ID: | No |
| Municipal Utility District?: | No |
| Net Operation Income: | $47,625 |
| Number Of Buildings: | 2 |
| Number Of Parking Spaces: | 6 |
| Occupancy Rate: | 66 |
| Operating Expense Includes: | Other |
| Parking Features: | Driveway |
| Pool?: | No |
| Possession: | Closing/Funding |
| Postal Code Plus 4: | 2250 |
| Roof: | Composition |
| School District: | Waco ISD |
| Smart Home Features Appor Pass Y: | 0 |
| Utilities: | Cable Available, City Sewer, City Water, Electricity Connected, Individual Gas Meter, Phone Available |
| Will Subdivide: | Subdivided |
| Year Built Details: | Preowned |
Listing Courtesy of: Keller Williams Realty, Waco
Listing Agent: Jonathon Villaescusa
254-447-7514
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North Texas Real Estate Information Systems, Inc. data last updated on October 08, 2026 05:55 PM - CT
Property Last Updated: October 08, 2026 05:55 PM - CT
