Income-Producing Home Near Baylor & McLane Stadium – Close to the Game!
Whether you're a savvy investor or simply love being close to the action, this beautifully updated 3-bedroom, 2-bath home is a rare find—just 0.6 miles from McLane Stadium and Baylor University! Currently tenant-occupied and already generating income, this property offers immediate cash flow with incredible long-term potential.
The location couldn’t be better—steps from campus, downtown Waco, and I-35—putting you minutes from Magnolia Market, the Silos, Heritage Square, Cameron Park Zoo, and the Brazos River. Whether it’s game day or a quiet Sunday stroll, you're right where you want to be.
Inside, you’ll find a bright, open-concept layout with a spacious living area that flows seamlessly into the kitchen and dining spaces. The modern kitchen is a true highlight, featuring granite countertops, updated appliances, and a deep stainless sink—perfect for entertaining or enjoying everyday meals.
The home offers three generously sized bedrooms and two full bathrooms, both updated for comfort and style. Whether used as a primary residence, short-term rental, or long-term investment, the flexible layout suits a variety of lifestyles.
Outside, the large backyard is perfect for entertaining, with a cozy seating area that invites relaxing evenings or game-day BBQs under the stars. An attached garage adds valuable storage and convenience.
Investor bonus: With tenants already in place, this property is turnkey and ready to start—or grow—your real estate portfolio.
Homes this close to Baylor with strong rental appeal don’t last long. Schedule your showing today and take advantage of this incredible opportunity in the heart of Waco!
For sale
Price cut: $500 (11/17)
$248,500
1206 Spring St, Waco, TX 76704
3beds
1,198sqft
Est.:
Single Family Residence
Built in 2003
8,250.26 Square Feet Lot
$241,300 Zestimate®
$207/sqft
$-- HOA
What's special
Attached garageLarge backyardUpdated appliancesGranite countertopsCozy seating areaModern kitchenOpen-concept layout
- 58 days |
- 126 |
- 13 |
Zillow last checked: 8 hours ago
Listing updated: November 17, 2025 at 11:30am
Listed by:
Lily Flores 0787285 254-218-5940,
Magnolia Realty 254-218-5940
Source: NTREIS,MLS#: 21086373
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Level: First
- Dimensions: 0 x 0
Bedroom
- Level: First
- Dimensions: 0 x 0
Living room
- Level: First
- Dimensions: 0 x 0
Heating
- Central, Electric
Cooling
- Attic Fan, Central Air, Electric
Appliances
- Included: Electric Water Heater, Microwave
- Laundry: Washer Hookup, Dryer Hookup, In Garage
Features
- Cable TV
- Flooring: Luxury Vinyl Plank, Tile, Vinyl
- Windows: Shutters
- Has basement: No
- Has fireplace: No
- Fireplace features: None
Interior area
- Total interior livable area: 1,198 sqft
Video & virtual tour
Property
Parking
- Total spaces: 3
- Parking features: Concrete, Garage Faces Front
- Attached garage spaces: 1
- Carport spaces: 2
- Covered spaces: 3
Accessibility
- Accessibility features: Accessible Entrance
Features
- Levels: One
- Stories: 1
- Patio & porch: Other, Patio
- Exterior features: Garden, Other
- Pool features: None
- Fencing: Full,Wood
Lot
- Size: 8,250.26 Square Feet
Details
- Parcel number: 179138
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Detached
- Property subtype: Single Family Residence
Materials
- Brick, Stone Veneer
- Foundation: Slab
- Roof: Composition
Condition
- Year built: 2003
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Sewer Available, Water Available, Cable Available
Green energy
- Indoor air quality: Ventilation
Community & HOA
Community
- Security: Security System
- Subdivision: Kirkpatrick
HOA
- Has HOA: No
Location
- Region: Waco
Financial & listing details
- Price per square foot: $207/sqft
- Tax assessed value: $223,420
- Annual tax amount: $5,023
- Date on market: 10/14/2025
- Cumulative days on market: 58 days
- Listing terms: Cash,Conventional,FHA,Other,VA Loan
- Electric utility on property: Yes
Estimated market value
$241,300
$229,000 - $253,000
$1,453/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/17/2025 | Price change | $248,500-0.2%$207/sqft |
Source: NTREIS #21086373 Report a problem | ||
| 10/14/2025 | Price change | $249,000+1.8%$208/sqft |
Source: NTREIS #21086373 Report a problem | ||
| 7/17/2025 | Listing removed | $1,800$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/26/2025 | Price change | $1,800-2.7%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/24/2025 | Listed for rent | $1,850$2/sqft |
Source: Zillow Rentals Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $223,420 +4.4% |
| 2024 | $4,829 +190.2% | $214,080 +55.4% |
| 2023 | $1,664 -60.5% | $137,771 -17.6% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,582/mo
Principal & interest
$1207
Property taxes
$288
Home insurance
$87
Climate risks
Neighborhood: East Riverside
Nearby schools
GreatSchools rating
- 2/10J High Hines Elementary SchoolGrades: PK-5Distance: 1 mi
- 2/10Indian Spring Middle SchoolGrades: 6-8Distance: 1.4 mi
- 3/10Waco High SchoolGrades: 9-12Distance: 4.7 mi
Schools provided by the listing agent
- Elementary: J.H. Hines
- Middle: GW Carver
- High: Waco
- District: Waco ISD
Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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