1745 Meixner Road
About This Property
The brick home offers 4 bedrooms, 2 baths, a dedicated office, laundry room, and a flexible second living area ideal for homeschooling, art, or hobbies. The light-filled interior blends function and warmth with tasteful finishes and generous storage. A broad front porch creates the perfect spot to enjoy the sunrise, relax in the evenings, or host outdoor gatherings.
The second residence, a Palm Harbor home in its first and only location, includes 3 bedrooms, 2 baths, 2 open living areas, an office, a large primary suite with wraparound closet, and its own laundry room. Alongside the house, a 22-by-25 covered parking area includes RV hookups, and a nearly 10,000-gallon rainwater collection system supports gardening and irrigation.
Both houses feature 2024 AC systems replaced in 2024. The beauty and durability of luxury vinyl plank flooring graces much of flooring space in the houses and cabins.
The 2 cabins add charm and flexibility. Each offers a full bath, kitchen, and efficient mini-split climate control-ideal for guests, extended family, or continued short-term rental use. A fourth exterior building used for servicing AirBnB laundry and services, offers potential for an office or studio too.
A large metal workshop with slab and drive-through bays provides space for projects and equipment.
Located outside city limits and within the Waco ETJ, 1745 Meixner combines natural beauty, a convenient location, thoughtful and functional design, and freedom when you're ready to create your vision!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Mar 5, 2026 | Sold | ||
| Sold | |||
| Jan 24, 2026 | In contract | - | |
| In contract | |||
| Oct 23, 2025 | Listed by Bramlett Partners | $750,000 | |
| Listed by Bramlett Partners | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017