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    602 N 16Th St Waco, TX 76707

    Sponsored
    For Sale
    Under Contract
    $320,000

    Multiple Single Units - Waco, TX

    Property size:
    2,900 SF
    Lot size:
    0.17 Acres
    Days on Market:
    41
    Last Refresh:
    Jan 6 at 2:06 pm

    Property Features for 602 N 16Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    480396000021005
    Parking
    4
    Parking features
    Garage
    Appliances
    Range
    Size
    2,900 SF
    Lot size
    0.17 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Ceiling Fan(s), Electric, Multi Units, Window Unit(s)

    Building Details

    Year built
    1930
    Floors in Building
    1
    Flooring type
    Vinyl, Wood
    Building materials
    Unknown
    Roof type
    Composition
    Architectural style
    Other

    Graceland Real Estate (254) 772-7788

    Listing agent Patricia Meadows (254) 772-7788 License #0488304

    Listing date Nov 27, 2025

    MLS# 21090855 Listing URL

    Copyright © 2026 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

    Waco Duplex Investment Opportunity

    Two income-producing duplexes are available near downtown Waco. Located at 602 N 16th St and 606 N 16th St, each property features two 2-bedroom, 1-bath units. The units have private entrances and functional layouts. Suited for investors seeking steady cash flow or owner-occupants, these duplexes offer flexibility and earning potential. The properties are located near Baylor University, shopping, dining, and major roadways. Situated in a growing market in Central Texas, the location provides dependable occupancy and long-term appreciation. The properties are part of a larger 11-duplex investment portfolio, offering scale, diversification, and performance across the Waco area. The lot size is 0.17 acres and the property size is 2900 square feet. These duplexes present an opportunity to grow wealth through rental income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Waco
    County
    McLennan
    State
    Texas
    Longitude
    -97.14631612
    Latitude
    31.55156486

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    FAQs

    What type of property is this?
    Duplex - Two income-producing duplexes near downtown Waco with strong rental potential.
    Where is this duplex located?
    The property is located at 602 N 16Th St Waco, TX.
    What is the asking price?
    The asking price for this property is $320,000.
    What are key features of this property?
    This property features: - Income-producing duplexes with strong rental potential.; - Located near downtown Waco, Baylor University, shopping, dining, and major roadways.; - Each unit features 2 bedrooms and 1 bath with private entrances and functional layouts.
    (254) 772-7788
    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
    602 N 16Th St Waco, TX 76707
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