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4-Unit Multifamily Property

1716 Ethel Avenue, Waco, TX 76707

For Sale
$410,000

ResidentialIncome, Waco, TX

Property SizeContact for details
Lot Size0.22 Acres
Days on Market44

Property Features for 1716 Ethel Avenue

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Bedrooms 4
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 2, Bathroom 1, Bathroom 4, Bathroom 3, Bathroom 2, Bedroom 4, Bedroom 1, Bedroom 3
Parking 4
Parking features Off Street
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 480125000008007
Lot size 0.22 Acres

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Description DICKEY LOT B6 BLOCK 1 ACRES .224
Tax Annual Amount 719
Legal Description DICKEY LOT B6 BLOCK 1 ACRES .224

Utilities

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

Building Details

Year built 1925
Floors in Building 1
Number of units 4
Flooring type Vinyl
Building materials WoodSiding
Roof type Composition
Buildings 2
Listing Agency: Keller Williams Realty, Waco
Listed By: Jonathon Villaescusa
Added: Oct 1 Changed: Oct 30 Last Checked: Nov 13 at 7:06PM
MLS# 21400887

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.

Rey
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Investment Insights

Based on property information with market context.

At 1716 Ethel Avenue, the property comprises two buildings with four one-bedroom, one-bath residences: three units in the primary building and a detached cottage. All four units are tenant occupied. The 0.224-acre parcel includes off-street parking, public water, and public sewer. The buildings date to 1925 and feature wood siding, vinyl flooring, composition roofing, electric heating and cooling, and gas ranges and refrigerators.

The property is offered alongside two other Ethel Avenue properties as part of a nine-unit portfolio.

Key Highlights

  • Four one‑bedroom, one‑bath residences, all tenant occupied
  • Two buildings: a triplex and a detached cottage
  • 0.224‑acre parcel with off‑street parking

Property Analytics

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Lease Details

4
Residential units
100%
Occupancy

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

Average Price Trend$/SF for Multifamily properties in Waco, TX

$177 Jul
$177 Aug
$190 Sep
$195 Oct

Properties on Market for Multifamily properties in Waco

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - Four occupied residences are arranged across a triplex and a separate cottage.
Where is this multifamily property located?
The property is located at 1716 Ethel Avenue Waco, TX.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Four one‑bedroom, one‑bath residences, all tenant occupied; Two buildings: a triplex and a detached cottage; 0.224‑acre parcel with off‑street parking
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