UPDATED:
Key Details
Property Type Single Family Home
Sub Type Multiple Single Units
Listing Status Active
Purchase Type For Sale
Square Footage 1,658 sqft
Subdivision Wheeler
MLS Listing ID 21172996
HOA Y/N None
Total Fin. Sqft 1658
Year Built 1985
Lot Size 7,492 Sqft
Acres 0.172
Property Sub-Type Multiple Single Units
Property Description
The property has seen significant recent capital improvements, greatly reducing near-term maintenance concerns. Updates include foundation work completed in 2025, new HVAC systems, new water heaters, and updated flooring. Most recently, in April 2026, both the roof and gutters were replaced. The most recent rented unit was rented out for $1,300 per month — providing immediate income with built-in upside.
Zoned C-2: Commercial (Beverly Hills), the property offers additional flexibility for future use or redevelopment. Its location near a heavy retail corridor and adjacent to South Waco Park enhances tenant appeal and long-term value.
Financials are available upon request. Offered at an asking price of $259,900, with 2025 taxes of $2,567.58, this property represents an attractive option for investors seeking a stabilized asset with value-add potential in a growing Waco submarket.
Location
State TX
County Mclennan
Direction Heading East on Valley Mills Dr., turn Left onto Park Ave. Turn Right onto S 29th St. Property will be on your right.
Interior
Interior Features Cable TV Available, High Speed Internet Available, Open Floorplan
Heating Central, Natural Gas
Cooling Ceiling Fan(s), Central Air, Electric
Flooring Laminate
Appliance Disposal, Electric Water Heater, Gas Range, Refrigerator
Heat Source Central, Natural Gas
Exterior
Utilities Available Cable Available, City Sewer, City Water, Electricity Connected, Individual Water Meter
Roof Type Composition
Garage No
Building
Story One
Foundation Slab
Level or Stories One
Structure Type Brick
Schools
Elementary Schools Bell'S Hill
Middle Schools Cesar Chavez
High Schools University
School District Waco Isd
Others
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21172996
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As a resident of the Lakewood/East Dallas community Marissa can provide personal insight into our neighborhood. As a native of Dallas, Marissa attended SMU to obtain her business degree from the Cox School of Business, after 10 years in corporate America her experience in negotiating with International firms transfers directly into her real estate business. High Integrity, honesty, and a passion for people make working with Marissa a delight. As a by-referral realtor Marissa is 100% committed to you and your real estate goals. Marissa has extensive sales knowledge in various areas of the metroplex including, but not limited to Lakewood, Preston Hollow, Park Cities, Hollywood Heights, M Streets, and Lake Highlands.