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    1702 Ethel Ave Waco, TX 76707

    For Sale
    $595,000

    Residential Income - Waco, TX

    Days on Market:
    238
    Last Refresh:
    Dec 8 at 6:06 am

    Property Features for 1702 Ethel Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    171282
    Parking features
    None
    Fireplace
    1
    Appliances
    Refrigerator

    Utilities

    Heating system
    Fireplace(s), Other (Heating)

    Building Details

    Year built
    1920
    Building materials
    Frame
    Roof type
    Composition
    Architectural style
    Other

    Harrell Realty Company (254) 772-8572

    Listing agent Hunter Harrell (254) 772-8572 License #0619933

    Listing date Apr 15, 2025

    MLS# 225745 Listing URL

    Copyright © 2025 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multi-Unit Property in Waco, Texas

    This multi-building, multi-unit property is located on Ethel Avenue in Waco, Texas. It presents opportunities as a cash flow asset or for redevelopment. The property includes seven 1-bedroom, 1-bathroom units ranging in size from 504 to 690 square feet. Additionally, there is one 2-bedroom, 1-bathroom unit with 1,152 square feet, and one 4-bedroom, 2-bathroom unit offering 1,632 square feet. The property can be purchased individually or as part of an investment package.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.1524225
    Latitude
    31.556757

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    FAQs

    What type of property is this?
    Residential income property - Multi-building property with cashflow potential or redevelopment opportunity.
    Where is this residential income property located?
    The property is located at 1702 Ethel Ave Waco, TX.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: - Multi-unit property with diverse unit sizes (1BR, 2BR, 4BR).; - Potential for cash flow generation.; - Redevelopment opportunity.
    (254) 772-8572
    Request Owner's contact information
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    Waco, TX 76707
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1702 Ethel Ave Waco, TX 76707
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