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700 Hines Avenue

Waco, TX 76706

$525,000

3 units · 2021

Units3
Building area2,612 sq ft
Year built2021
Gross income$47,400/yr
Cap rate7.81% as listed
Parking3 spaces
Lot size0.161 acres
TypeTriplex

What it costs to own

Taxes$9,893 per year
HOANone listed
Operating expenses$5,000 per year — as listed
Insurance$1,400 per year — as listed
Net operating income$41,000 per year — as listed

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

About this home

Modern, low-maintenance multi family opportunity with three move-in ready units : a 2021-built cottage and a duplex, all offering strong appeal for both investors and owner-occupants. The modern 2-story cottage is a 1 bedroom plus versatile flex space and 1.5 baths, highlighted by an open main level with a living and dining area, recessed lighting, and durable wood-look flooring. The galley kitchen includes white shaker cabinets, solid-surface counters, gas range, built-in microwave, dishwasher, refrigerator, and nearby stacked washer dryer, with all appliances conveying. Upstairs, a private bedroom with walk-in closet and full bath with extended vanity and step-in shower, not to forget a flex room ideal for an office, media space, or guest area. Exterior features include a covered front entry, fenced yard, and ample paved parking, making this home an attractive option for a live-in owner or rental.
The duplex offers two spacious 1 bedroom, 1 bath units designed for easy upkeep and consistent rental demand. Unit A provides a bright, open layout with a large living area, stained concrete floors, neutral paint, recessed lighting, and ceiling fan, plus a well-appointed kitchen with painted shaker cabinetry, solid-surface counters, and stainless steel appliances. The bedroom delivers excellent natural light and closet storage, while the oversized bath offers an extended vanity, ample cabinetry, tub & shower combination, and in-unit washer & dryer. Unit B mirrors the modern feel with an open living and dining space, durable wood-look flooring, painted shaker cabinets, solid-surface counters, full appliance package, generous bedroom, large bath with extra storage and laundry machines as well. Off-street parking and low-maintenance finishes across all three dwellings is an appealing setup for investors seeking immediate income, or buyers wishing to occupy one unit and lease the others to help offset housing costs. Make this amazing opportunity in the Baylor bubble yours!

The details

HeatingCentral, Electric
CoolingCentral Air, Electric
FlooringConcrete, Laminate, Vinyl
AppliancesDishwasher, Disposal, Dryer, Electric Oven, Washer
Interior featuresOther
Bathrooms3 full · 1 half

Construction materialsSiding
RoofComposition
FoundationSlab

Water sourceCity Water
SewerCity Sewer
ElectricElectricity Connected

SubdivisionGurley G B

ElementaryWaco
Middle schoolCesar Chavez
High schoolWaco
DistrictWaco ISD

Gross income$47,400 per year
Operating expenses$5,000 per year
Insurance$1,400 per year
Cap rate7.81% — as listed
Net operating income$41,000 per year

MLS #21298961
Source
On the market1 day
CountyMcLennan

Around this home

One moment…

Everyday life

Nearest groceryThe Mix Cafe · 0.5 mi
Nearest parkOakwood Park · 0.1 mi

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Listing courtesy of Coldwell Banker Apex, REALTORS — Garrett Alders.

Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21298961. Information last updated June 12, 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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