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3508 23rd Street

Waco, TX 76708

$235,000

1 units · 1954

Units1
Building area1,178 sq ft
Year built1954
Gross income$45,636/yr
Cap rate9.2% as listed
Parking3 spaces
Lot size0.189 acres
TypeResidential Income

What it costs to own

Taxes$4,625 per year
HOANone listed
Operating expenses$24,021 per year — as listed
Insurance$1,780 per year — as listed
Net operating income$21,615 per year — as listed

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

About this home

Fully furnished and move-in ready! This updated 3-bedroom, 2-bath home is currently operating as a income producing Airbnb and offers a fantastic opportunity for investors or homeowners alike. The open living space flows into the kitchen featuring a large island with seating. The primary bedroom includes its own private bathroom for added comfort. Outside, you’ll find a spacious fully fenced backyard and a detached garage providing extra storage or workspace. Conveniently located near McLennan Community College and just minutes from local shopping and dining. (3 more Airbnb’s available if interested in a package deal!!)

The details

HeatingElectric
CoolingElectric
FlooringLuxury Vinyl Plank, Tile
AppliancesDishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer
Interior featuresDecorative Lighting, Eat-in Kitchen, High Speed Internet Available, Kitchen Island, Open Floorplan

Construction materialsUnknown
RoofComposition
FoundationPillar/Post/Pier

FencingChain Link, Wood
Water sourceCity Water
SewerCity Sewer

SubdivisionMelbourne Heights

ElementaryCedar Ridge
Middle schoolGW Carver
High schoolWaco
DistrictWaco ISD

Gross income$45,636 per year
Operating expenses$24,021 per year
Operating includesGardener, Insurance, Licenses, Maintenance, Utilities, Other
Insurance$1,780 per year
Cap rate9.2% — as listed
Net operating income$21,615 per year

MLS #21371184
Source
On the market1 day
CountyMcLennan

Around this home

One moment…

Everyday life

Nearest groceryH-E-B · 0.5 mi
Nearest parkNorth Waco Park · 0.2 mi

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Listing courtesy of Axio Real Estate LLC — Jody Scoggins.

Where it is

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Robert LewisStephen LewisRobert & StephenInk Realty Group

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Nearby in WACO

Three more worth a conversation.

3508 23rd Street, Waco, TX 76708

$235,000

3 bd · 2 ba · 1,178 sq ft · 0.19 ac

3508 23rd Street

Waco, TX 76708

Listing courtesy of Axio Real Estate LLC

1301 Chapel Creek Road, Waco, TX 76712

$235,000

3 bd · 2 ba · 1,368 sq ft · 0.1 ac

1301 Chapel Creek Road

Waco, TX 76712

Listing courtesy of Camille Johnson

Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21371184. Information last updated August 28, 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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