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1702 Ethel Avenue

Waco, TX 76707

$465,000

3 units · 1920

Units3
Building area3,324 sq ft
Year built1920
Gross income$51,600/yr
Cap rate10.24% as listed
Parking6 spaces
Lot size0.24 acres
TypeTriplex

What it costs to own

Taxes$1,686 per year
HOANone listed
Operating expenses$3,974 per year — as listed
Insurance$2,288 per year — as listed
Net operating income$47,625 per year — as listed

Taxes shown reflect the current owner's exemptions and may change after purchase.

About this home

Investment opportunity in Waco! 1702 Ethel Avenue is a fully renovated triplex offered as part of a multi-property investment portfolio. The property consists of three residential units: a spacious 4-bedroom, 1-bath lower unit in the main residence, a 2-bedroom, 2-bath upper unit, and a detached 1-bedroom, 1-bath cottage located at the rear of the property. All three units have undergone extensive renovations and feature mini-split systems for heating and cooling. The property offers ample off-street parking and separate water, gas, and electric meters for each unit, providing an attractive setup for investment ownership and property management. Additional properties available as part of the portfolio include 1704 Ethel Avenue and 1716 Ethel Avenue. Contact your real estate professional for additional information regarding the portfolio offering, financials, leases, and availability. Please do not disturb tenants.

The details

HeatingElectric
CoolingElectric
FlooringLuxury Vinyl Plank
AppliancesGas Range, Refrigerator
Interior featuresOther

Construction materialsSiding, Wood
RoofComposition
FoundationConcrete Perimeter

Water sourceCity Water
SewerCity Sewer
ElectricElectricity Connected
UtilitiesCable Available, Individual Gas Meter, Phone Available

SubdivisionDickey

ElementaryWest Avenue
Middle schoolGW Carver
High schoolWaco
DistrictWaco ISD

Gross income$51,600 per year
Operating expenses$3,974 per year
Operating includesOther
Insurance$2,288 per year
Cap rate10.24% — as listed
Net operating income$47,625 per year

MLS #21400787
Source
On the market1 day
CountyMcLennan

Around this home

One moment…

Everyday life

Nearest groceryMission Waco · 0.2 mi
Nearest parkSeley Park · 0.2 mi

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Listing courtesy of Keller Williams Realty, Waco — Jonathon Villaescusa.

Where it is

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Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21400787. Information last updated October 1, 2026.

Based on information submitted to the MLS as of the date above. All data is obtained from various sources and may not have been verified by the broker or NTREIS. Supplied data is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing.

Ink Realty Group is brokered by eXp Realty.

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