Fully Renovated
2601 - 2603 Summer Avenue Waco, TX 76708
New
For Sale
$360,000
MULTI_FAMILY - Waco, TX
Property Size2,876 SF
Lot Size0.19 Acres
Price / SF$125.17
Days on Market2
Property Features for 2601 - 2603 Summer Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Rooms
- Bathroom 4, Bathroom 1, Bathroom 3, Bathroom 2
- Interior features
- CeilingFans
- Appliances
- ElectricRange, SomeElectricAppliances
- Standard status
- Active
- APN
- 48-017600-006300-4
- Size
- 2,876 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- FARWELL HTS LOT 14 BLOCK 17 ACRES .1894
- Tax Annual Amount
- 5388
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Electric
- Water source
- Public
Building Details
- Year built
- 1949
- Floors in Building
- 2
- Number of units
- 1
- Flooring type
- Vinyl
- Building materials
- BoardAndBattenSiding
- Roof type
- Composition, Shingle
Listing Agency:
eXp Realty - Austin
(888) 519-7431
Listed By:
Lauren Rohr · License #0716656
(254) 630-0997
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 25 at 11:06PM
MLS# 620710
Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully renovated quadplex offers four residential units in a single income property configuration. The total unit mix includes two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, for six bedrooms and four bathrooms overall. Appliances are included with the units, supporting straightforward move-in and ongoing operations.
The property is located at 2601–2603 Summer Avenue in Waco, TX 76708, in McLennan County. Public remarks indicate the home is about 12 minutes from Magnolia Market at the Silos and Downtown Waco, and about 13 minutes from Baylor University, placing it near key local destinations.
With multiple unit types in place, the building provides a balanced layout across one- and two-bedroom residences within a four-unit multifamily asset.
The property is located at 2601–2603 Summer Avenue in Waco, TX 76708, in McLennan County. Public remarks indicate the home is about 12 minutes from Magnolia Market at the Silos and Downtown Waco, and about 13 minutes from Baylor University, placing it near key local destinations.
With multiple unit types in place, the building provides a balanced layout across one- and two-bedroom residences within a four-unit multifamily asset.
Key Highlights
- 4‑unit quadplex built in 1949 with 6 bedrooms and 4 bathrooms total
- Unit mix: two 2‑bedroom/1‑bath units and two 1‑bedroom/1‑bath units
- Fully renovated units with appliances included (electric range and some electric appliances)
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.0k | $13.56 |
| − Vacancy | −$3.4k | −$1.19 |
| EGI | $35.6k | $12.37 |
| − OpEx | −$10.7k | −$3.71 |
| NOI | $24.9k | $8.66 |
2,876 SF · lease $13.56/SF/yr · vacancy 8.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$355.9K
$311.4K – $415.2K
NOI $24,913 @ 7.0% cap · market cap 6.92%
Second Best
Apartment 5plus
$327.5K
$286.5K – $382.1K
NOI $22,923 @ 7.0% cap · market cap 6.37%
Theoretical Best
Office A
$758.8K
$663.9K – $885.2K
NOI $53,114 @ 7.0% cap · market cap 14.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four renovated units total six bedrooms and four bathrooms, with appliances included across a mix of one- and two-bedroom layouts.
Where is this quadplex located?
The property is located at 2601 - 2603 Summer Avenue Waco, TX.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: 4‑unit quadplex built in 1949 with 6 bedrooms and 4 bathrooms total; Unit mix: two 2‑bedroom/1‑bath units and two 1‑bedroom/1‑bath units; Fully renovated units with appliances included (electric range and some electric appliances)
