Building Details

Year Built 1923

Year Renovated 2019

Listing Agency: Marcus & Millichap - Dallas

Listed By: Nick Fluellen, CCIM · License #TX 0521943

Source: Crexi

Added: Apr 13 Changed: Aug 30 Last Checked: Aug 30 at 7:19AM

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Investment Insights

Based on property information with market context.

The Madison is a historic multifamily community at 1307 Austin Ave in Waco, Texas. Originally established in 1923, the property underwent a complete renovation in 2019.

A 10-year tax abatement is in place, providing a defined period of tax treatment for the property. The asset is offered for sale.

Key Highlights

• Historic multifamily community established in 1923
• Completely renovated in 2019
• 10‑year tax abatement in place

Property Analytics

Property Profile

Current Use

Multifamily properties

Suggested Use

Top Pick Dental Office Carpet & Flooring Store (Bike/Boat/Book/etc) Store Butcher Pet Store Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,048

Businesses Nearby

Explore this area Business Placement

Demographics for 76701, TX

1,674

Population

1,029

Households

1.6

Avg Household Size

29

Median Age

32%

College-Educated

92%

High-School Grad

1.1 sq mi

ZIP Area

1,522

Density / Sq Mi

$24,593

Median Household Income

$21,897

Median Earnings

$1,008

Median Rent

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Multifamily property - Historic community renovated in 2019 with a 10-year tax abatement.

Where is this multifamily property located?

The property is located at 1307 Austin Ave Waco, TX.

What are key features of this property?

This property features: Historic multifamily community established in 1923; Completely renovated in 2019; 10‑year tax abatement in place