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Renovated Triplex with Cottage
New
For Sale
$465,000

1702 Ethel Avenue, Waco, TX 76707

ResidentialIncome, Waco, TX

Property SizeContact for details
Lot Size0.24 Acres
Days on Market3

Property Features for 1702 Ethel Avenue

General Information

Property type Residential Multi Family
Property subtype Triplex
Bedrooms 7
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 6, Bathroom 1, Bedroom 7, Bedroom 5, Bathroom 3, Bathroom 4, Bedroom 4, Bathroom 2, Bedroom 2, Bedroom 1, Bedroom 3
Parking 6
Parking features Driveway
Appliances GasRange, Refrigerator
Subdivision Dickey
Elementary school West Avenue
Middle school GW Carver
High school Waco
Elementary school district Waco ISD
Middle school district Waco ISD
High school district Waco ISD
Directions From W. Waco Dr, head north on N. 18th St. Turn right onto Ethel Ave. Property will be on the right at 1702 Ethel Ave.
Standard status Active
APN 480125000026003
Lot size 0.24 Acres

Taxes and HOA fees

Tax Description DICKEY LOT C5 BLOCK 83 ACRES .24
Tax Annual Amount 1686
Legal Description DICKEY LOT C5 BLOCK 83 ACRES .24

Utilities

Sewer type Public Sewer
Heating system Electric (Heating)
Cooling system Electric
Water source Public

Building Details

Year built 1920
Floors in Building 2
Number of units 3
Flooring type Vinyl
Building materials WoodSiding
Roof type Composition
Listing Agency: Keller Williams Realty, Waco
Listed By: Jonathon Villaescusa · License #0820265
Added: Oct 1 Last Checked: Oct 3 at 2:06AM
MLS# 21400787

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.

At 1702 Ethel Avenue in Waco, this triplex contains two units in the main residence and a detached cottage at the rear. The lower unit has four bedrooms and one bathroom; the upper unit has two bedrooms and two bathrooms. The cottage adds one bedroom and one bathroom. All three residences have been renovated and feature mini-split heating and cooling systems.

The 0.24-acre property includes driveway parking. Each unit has separate water, gas, and electric meters. The building dates to 1920, with public water and sewer service.

Key Highlights

  • Three units: a 4‑bedroom, 1‑bath lower residence, a 2‑bedroom, 2‑bath upper residence, and a 1‑bedroom, 1‑bath cottage
  • Separate water, gas, and electric meters for each unit
  • Detached cottage positioned at the rear of the property

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Garden Center (Bike/Boat/Book/etc) Store Florist Butcher Tattoo & Piercing Shop Computer & Electronic Repair

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

Lease Details

3
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

690
Businesses Nearby

Demographics for 76707, TX

16,227
Population
6,678
Households
2.4
Avg Household Size
31
Median Age
15%
College-Educated
76%
High-School Grad
3.3 sq mi
ZIP Area
4,917
Density / Sq Mi
$38,208
Median Household Income
$27,124
Median Earnings
$1,055
Median Rent
$113,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Separate water, gas, and electric meters serve each of the three residences.
Where is this triplex located?
The property is located at 1702 Ethel Avenue Waco, TX.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Three units: a 4‑bedroom, 1‑bath lower residence, a 2‑bedroom, 2‑bath upper residence, and a 1‑bedroom, 1‑bath cottage; Separate water, gas, and electric meters for each unit; Detached cottage positioned at the rear of the property
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