$144,900
↓ $10K (6.5%)
●
House -
For Sale
3816 Elliott Drive
Waco, TX 76711
3 Beds
1 Bath
1,280 Ft²
$792
Est. Monthly
About This Property
Investment Opportunity with I-35 Corridor Potential! This
3-bedroom, 1-bath home is ideally situated in one of Waco's
fastest-growing areas, just off the I-35 service road and minutes
from Baylor University, downtown Waco, shopping, dining, and major
employers. Whether you're looking for an investment property,
rental, starter home, or redevelopment opportunity, this property
offers exceptional potential.
Currently zoned R-1B Residential, the property is located in a corridor experiencing significant residential and commercial growth. The McLennan County Appraisal District lists the Property Use Code as 301 (General Commercial), presenting an intriguing opportunity for buyers to explore future possibilities. Buyer to independently verify zoning, permitted uses, utility availability, building requirements, and any future land use or rezoning potential with the City of Waco.
Don't miss this chance to own property in the path of Waco's continued growth and revitalization.
*Property is being sold individually. Neighboring lots and houses being sold by the same seller and can be combined as a package deal.
Currently zoned R-1B Residential, the property is located in a corridor experiencing significant residential and commercial growth. The McLennan County Appraisal District lists the Property Use Code as 301 (General Commercial), presenting an intriguing opportunity for buyers to explore future possibilities. Buyer to independently verify zoning, permitted uses, utility availability, building requirements, and any future land use or rezoning potential with the City of Waco.
Don't miss this chance to own property in the path of Waco's continued growth and revitalization.
*Property is being sold individually. Neighboring lots and houses being sold by the same seller and can be combined as a package deal.
Unit Size
1,280 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$113
Property Type
House
Property Taxes
$80
HOA Dues
-
Year Built
1951
Listed By
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100% Occupancy
N/A (extreme outlier) 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.
Last updated: 21 days ago (NTREIS #21337494)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 16, 2026 | Price Decreased |
$144,900
↓ $10K
(6.5%) | |
| Price Decreased | |||
| Jul 21, 2026 | Listed by Versatile Real Estate Co. | $154,900 | |
| Listed by Versatile Real Estate Co. | |||
| Oct 11, 2020 | No longer available | - | |
| No longer available | |||
| Jul 10, 2020 | Price Decreased |
$309,000
↓ $156K
(33.6%) | |
| Price Decreased | |||
| May 11, 2020 | Listed | $465,000 | |
| Listed | |||
| | |||
|
.149 AC Lot which backs up to I-35 S Frontage Road. Selling for lot value and potential future commercial use. The manager has listed the unit size as 1280 square feet.
| |||
Property Highlights
Parking Details
Parking Features: Driveway
Interior Details
Full Bathrooms: 1
Interior Features: Eat-in Kitchen
Appliances: None
Exterior Details
Square Footage: 1280
Year Built: 1951
Levels: One
Lot Size Area: 0.149
Lot Size Units: Acres
Lot Size Acres: 0.149
Lot Size Square Feet: 6490.44
Tax Lot: 11
Financial Details
Tax Annual Amount: $963
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
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Baths
ft²
Price/ft²
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Listed On
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Closing Price
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HOA + Taxes
About Kendrick
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Listed by: Lindsey Gossett, Versatile Real Estate Co.
Last Updated: 21 days ago
Data Source: NTREIS MLS, MLS# 21337494
Details provided by NTREIS and may not match the public record
Last Updated: 21 days ago
Data Source: NTREIS MLS, MLS# 21337494
Details provided by NTREIS and may not match the public record
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