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Harrison Lilly

| Harrison Lilly Realty Dallas | Harrison Lilly Realty | PLACE

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1301 Wood Avenue A & B , Waco, TX 76706
$569,900
Est. Payment: $3,154.52/mo
2 Bed
2 Bath
2136 Sqft
0.19 Acres
Status: active | Days on site: 18
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House Description

Prime investment opportunity within walking distance of Baylor University! This updated duplex features two separate 2-bedroom, 2-bath units for a total of 4 bedrooms and 4 full bathrooms. Currently leased for a combined $3,600 per month, the property offers immediate rental income along with plenty of flexibility for the next owner. Both units feature bright, open living spaces, updated kitchens and bathrooms, in-unit laundry, and thoughtfully designed layouts that feel more like home than your typical student rental. Outside, you'll find a large fenced backyard, ample parking, alley access, and an upstairs balcony. With eligibility for both short-term and long-term rentals, there are multiple ways to make this property work for you. Continue leasing both units, utilize one or both as short-term rentals, or purchase for your Baylor student to live in one side while generating income from the other. The property can also be sold partially furnished for an even easier transition. Updated, income-producing, STR eligible, and conveniently located near Baylor, this duplex is ready for its next investor. Schedule your private showing today!

Highlights

Listed by Catt Longoria , Bramlett Partners , North Texas Real Estate Information Systems

Property Type

Multi-Family

Lot/Acreage
0.19

Year Built

2000

County

McLennan

Neighborhood

Kyger

School District

Waco ISD

Listing ID

21393402

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:2
  • ▪ Bathrooms:2
  • ▪ Full Bathrooms:2
Appliances:Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer
Air Cond:Central Air,Electric
Fireplaces:
Floor:Luxury Vinyl Plank,Tile
Other:
  • ▪ Additional:Cable TV Available, High Speed Internet Available, Kitchen Island, Open Floorplan, Pantry

Exterior Features

Garage Capacity:4
Roof:Composition
Others:
  • ▪ Additional:Preowned
Parking Features:Assigned,Concrete,Parking Lot
Principal Interest
$3,155
Taxes
$624

Home Price

$569,900

Loan Details

30 yrs
7.393%

Down Payment

20%
$113,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,154.52

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,154.52 $624.17 $0.00 $3,778.69
Yearly $37,854.25 $7,490.00 $0.00 $45,344.25
Total $1,135,627.60 $224,700.00 $0.00 $1,360,327.60

Today's Rates

30 Year

7.39%

20 Year

7.2%

15 Year

6.63%

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Market insight data is pulled from the same city as the listing being viewed (Waco, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by North Texas Real Estate Information Systems Multiple Listing Service, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-10-10T20:06:31.543Z

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