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Multifamily Investment Property

1702 Ethel Avenue Waco, TX 76707

1702 Ethel Avenue, Waco, TX, 76707
$595,000
For Sale
$595,000

MULTI_FAMILY - Waco, TX

Days on Market205

Property Features for 1702 Ethel Avenue

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
13
Bathrooms
10
Rooms
Bedroom 4, Bathroom 3, Bedroom 3, Bedroom 9, Bathroom 10, Bedroom 7, Bathroom 7, Bedroom 2, Bathroom 5, Bathroom 1, Bedroom 5, Bedroom 10, Bathroom 9, Bathroom 4, Bedroom 8, Bathroom 6, Bedroom 12, Bedroom 13, Bathroom 2, Bedroom 1, Bathroom 8, Bedroom 6, Bedroom 11
Appliances
Refrigerator
Standard status
Active
APN
171282

Taxes and HOA fees

Tax Description
DICKEY Lot C5 Block 83 Acres .24
Tax Annual Amount
6298

Building Details

Year built
1920
Floors in Building
1
Number of units
9
Building materials
Frame
Roof type
Composition
Listing agency Harrell Realty Company
Listed by Hunter Harrell · License #TX-619933
Added: Dec 30, 2025 Updated: Jul 21 at 12:58AM Checked: Jul 23 at 2:06AM
MLS# 225745

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.


Investment Insights

Based on property information with market context.

This multi-building, multi-unit residential income property is located on Ethel Avenue and currently features a total of nine units. The mix includes seven 1BR/1BA units with sizes ranging from 504 to 690 square feet, along with one 2BR/1BA unit and one 4BR/2BA unit. The 2BR/1BA unit totals 1,152 square feet, while the 4BR/2BA unit is 1,632 square feet. The configuration supports an investor approach focused on cash flow or an alternative strategy that includes potential redevelopment.

The asset is offered for sale in Waco, Texas. The listing notes that the property can be sold as a standalone investment or grouped with other properties as part of a larger investment package, depending on an investor’s goals and underwriting needs. For additional details on the current setup and specifics, the listing requests that interested parties inquire.

Given the current unit mix, this property may appeal to buyers looking for a small multifamily portfolio with multiple floorplan sizes. It also provides a straightforward platform for operators who want to evaluate lease-up, unit optimization, or longer-term redevelopment potential. Investors and brokers can coordinate further information requests to review the details most relevant to their acquisition thesis.

Key Highlights

  • Multi‑building, multi‑unit property on Ethel Avenue
  • 7 units of 1BR/1BA ranging from 504–690 SF
  • Includes one 2BR/1BA unit at 1,152 SF

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Garden Center (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Florist Butcher Tattoo & Piercing Shop Computer & Electronic Repair Pet Store Pet Store & Service Pharmacy

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

FAQs

What type of property is this?
Apartment building - Multi-building rental property with seven 1BR units plus larger 2BR and 4BR options for flexible income strategies.
Where is this apartment building located?
The property is located at 1702 Ethel Avenue 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‑building, multi‑unit property on Ethel Avenue; 7 units of 1BR/1BA ranging from 504–690 SF; Includes one 2BR/1BA unit at 1,152 SF
Contact an agent
More about this property
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