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2801 Old Marlin Road
About This Property
Enjoy the perfect blend of space and convenience with this mostly cleared property featuring one pond and two water wells, offering endless possibilities for your vision. Whether you're dreaming of building your custom home, creating a private retreat, or investing in land with room to grow, this property delivers flexibility and potential.
Located just 10 minutes from Baylor University, downtown Waco, and popular local restaurants and shops, you'll love having peaceful acreage while still being within a residential neighborhood and close to city amenities.
Bring your ideas and make this incredible 10-acre property your own slice of Central Texas!
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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 12, 2026 | Listed by EG Realty | $325,000 | |
| Listed by EG Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017