Exclusive property for investors! Here is a great opportunity for those wanting to add to their portfolios or those who are just beginning. This property holds 3 rental units. Two of the units have 1 bathroom and 1 bedroom with a living room which can be used as a second bedroom. The upstairs unit has 2 bedrooms, a living room, 1 bathroom and kitchen which was completely remodeled in 2024. The roof was replaced in 2024 as well.
2 of the current leases are month-to-month and have been renting for a year or longer. The 3rd lease (Unit B) is up on 3-31-27.
| Listing Id: | 21414959 |
|---|---|
| List Price: | $295,000 |
| Property Type: | Residential Income |
| Property Sub Type: | Triplex |
| Status: | Active |
| Bedrooms Total: | 4 |
| Bathrooms Full: | 3 |
| Unexempt Taxes: | $8,130 |
| Lot Size Square Feet: | 9,321.8400 |
| Lot Size Acres: | 0.214 |
| Waterfront?: | No |
| City: | Waco |
| County Or Parish: | Mclennan |
| Subdivision Name: | Farwell Heights |
| Postal Code: | 76708 |
| Year Built: | 1904 |
| Unit Count: | 3 |
| Accessibility Features Yn: | No |
| Accessory Unit?: | No |
| Appliances: | Electric Range,Microwave |
| Association Type: | None |
| Basement Yn: | No |
| Bathrooms Total Decimal: | 3.00 |
| Bathrooms Total Integer: | 3 |
| Building Area Source: | Public Records |
| Building Area Total: | 3,044.00 |
| Complex Name: | N/A |
| Consent for Visitors to Record: | Audio |
| Construction Materials: | Siding, Wood |
| Cooling: | Window Unit(s) |
| Directions: | From N 18th St, turn between O'reilly and Autozone stores onto Alexander Ave. Property is to your right. It is the corner house on Alexander Ave. and N 17th St. |
| Elementary School: | Cedar Ridge |
| Elementary School Name: | Cedar Ridge |
| Exterior Features: | Storage |
| Fencing: | None |
| Flooring: | Vinyl, Wood |
| Foundation Details: | Pillar/Post/Pier |
| Gross Annual Expenses: | $8,684 |
| Gross Annual Income: | $46,068 |
| Heating: | Other |
| High School Name: | University |
| Insurance Expense: | $2,200 |
| Interior Features: | Other |
| Levels: | Two |
| Listing Terms: | VA Loan |
| Lot Size: | Less Than .5 Acre (not Zero) |
| Lot Size Area: | 0.2140 |
| Lot Size Source: | Public Records |
| Lot Size Units: | Acres |
| Middle School Name: | GW Carver |
| Multi Parcel ID: | No |
| Municipal Utility District?: | No |
| Net Operation Income: | $41,317 |
| Number Of Buildings: | 1 |
| Number Of Parking Spaces: | 3 |
| Parking Features: | Driveway, Gravel, On Street |
| Pool?: | No |
| Possession: | Closing/Funding |
| Postal Code Plus 4: | 2969 |
| Roof: | Composition |
| School District: | Waco ISD |
| Smart Home Features Appor Pass Y: | 0 |
| Tenancy: | 6 Months or Less, Month to Month |
| Utilities: | City Water |
| Will Subdivide: | No |
| Year Built Details: | Preowned |
Listing Courtesy of: Better Homes and Gardens
Listing Agent: Melody Perez
254-716-1132
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North Texas Real Estate Information Systems, Inc. data last updated on October 26, 2026 01:43 AM - CT
Property Last Updated: October 26, 2026 01:43 AM - CT
