3609 N 23rd Street
About This Property
Investor Special 3 Bed, 1 Bath Home in North Waco Sold As-Is
Attention investors! Opportunity knocks with this 3-bedroom, 1-bathroom property located in the heart of North Waco. This home is being sold as-is and is perfect for a savvy investor or contractor looking for a renovation project or rental income opportunity.
Situated on a quiet street with easy access to I-35, downtown Waco, Baylor University, and local shops and restaurants, the location offers both convenience and strong potential for future appreciation.
Property Features:
• 3 spacious bedrooms
• 1 full bathroom
• Large lot
• Solid structure with renovation potential
• Off-street parking
• Great rental comps in the area
Whether you're looking to flip, hold as a rental, or restore and resell, this property has the bones to make it happen. Don't miss your chance to invest in one of Waco's growing neighborhoods.
Cash or hard money offers only. No seller financing.
Contact us today to schedule a viewing!
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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 |
|---|---|---|---|
| Jul 25, 2025 | Sold | ||
| Sold | |||
| Jul 20, 2025 | In contract | - | |
| In contract | |||
| Jul 17, 2025 | Listed by All City Real Estate, Ltd. Co. | $75,000 | |
| Listed by All City Real Estate, Ltd. Co. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017