1500,1504,1508 Spring Street
About This Property
Take advantage of this exceptional opportunity to own three adjacent lots located just a short walk from McLane Stadium, Baylor University, and the vibrant downtown Waco area. Ideal for residential development, investment, or your dream home, these lots offer a strategic location in the heart of Waco.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 1, 2026 | No longer available | - | |
| No longer available | |||
| Oct 7, 2025 | Price Decreased |
$95,000
↓ $2K
(2.1%) | |
| Price Decreased | |||
| Sep 30, 2025 | Price Decreased |
$97,000
↓ $1K
(1%) | |
| Price Decreased | |||
| Aug 21, 2025 | Price Decreased |
$98,000
↓ $2K
(2%) | |
| Price Decreased | |||
| Jul 26, 2025 | Price Decreased |
$99,999
↓ $5K
(4.8%) | |
| Price Decreased | |||
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About East Riverside
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Last Updated: 9 months ago
Data Source: NTREIS MLS, MLS# 227428
Details provided by NTREIS and may not match the public record
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