516 Harlem Avenue
About This Property
Single story 2 bed, 1 bath home with 774 sq ft on a 7,405 sq ft lot in the Carver Park 2 area of Waco. Built in 1951, this bungalow includes fresh interior paint, updated vinyl plank flooring, central heat and air, and a practical layout with living area, den, eat in kitchen, and hall bath. The kitchen features a gas range and space for a dining table. The den adds flexible space for office, hobby, study, media, or storage use. Exterior features include a front porch with bamboo privacy screen, awning, accessible ramp approach, big fully fenced yard, and chain link fencing. The lot provides outdoor space for pets, gardening, seating, storage, or future use subject to city and zoning requirements. Located near East Waco Library, Brazos River corridor, McLane Stadium, downtown Waco, Baylor University, Cameron Park, Magnolia Market at the Silos, and I 35 access. Includes floor plan and virtual tour.
**Nearby Amenity List**
East Waco Library 1.4 mi
Brazos River corridor 1.6 mi
McLane Stadium 2.1 mi
Downtown Waco 2.3 mi
Baylor University 2.7 mi
Cameron Park 3.0 mi
Magnolia Market at the Silos 3.0 mi
I 35 access nearby
Back on market after buyer decided not to live in Waco.
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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 |
|---|---|---|---|
| Oct 23, 2026 | In contract | - | |
| In contract | |||
| Sep 22, 2026 | Price Decreased |
$94,000
↓ $8K
(7.8%) | |
| Price Decreased | |||
| Aug 1, 2026 | Relisted | $102,000 | |
| Relisted | |||
| Jul 28, 2026 | In contract | - | |
| In contract | |||
| Jul 2, 2026 | Price Decreased |
$102,000
↓ $9K
(8%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017