3820 Elliott Drive
About This Property
Situated on a generously sized lot and currently zoned R-1B Residential, this property is positioned in an area experiencing continued residential and commercial growth. The McLennan County Appraisal District identifies the Property Use Code as 301 (General Commercial), offering buyers an opportunity to explore future possibilities. Buyer should independently verify zoning, permitted uses, utility availability, building requirements, and any future land use or rezoning potential with the City of Waco.
Whether you're searching for your next home, a rental investment, or a long-term redevelopment opportunity, this property is ideally located to benefit from the ongoing growth and revitalization of the I-35 corridor.
*Property is being sold individually. Neighboring lots and houses being sold by the same seller and can be combined as a package deal.
Listed By
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Sep 16, 2026 | Price Decreased |
$139,900
↓ $10K
(6.7%) | |
| Price Decreased | |||
| Jul 21, 2026 | Listed by Versatile Real Estate Co. | $149,900 | |
| Listed by Versatile Real Estate Co. | |||
| Oct 11, 2020 | No longer available | - | |
| No longer available | |||
| Jul 10, 2020 | Price Decreased |
$810,000
↓ $125K
(13.4%) | |
| Price Decreased | |||
| May 11, 2020 | Listed | $935,000 | |
| Listed | |||
| | |||
|
Two Lots combined selling together for a combined .394 ACs. Lots back up to I-35 S Frontage Road and have approx. 140' +|- of road frontage. Selling for lot value and potential future commercial use. App The manager has listed the unit size as 1268 square feet.
| |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017