Investment opportunity in the heart of North Waco. Located on the corner of N 24th Street and Edna Avenue, this 4-unit multifamily property offers stable income, strong rental demand, and easy access to nearby schools, shopping, and major employers. Each unit is individually metered and designed for low-maintenance operation — a solid addition to any investor’s portfolio.
With continuous rental demand in this neighborhood and the ongoing growth throughout Waco, this corner property presents a compelling long-term hold or value-add opportunity. Whether you’re expanding your investment portfolio or stepping into multifamily ownership, this is a property worth serious consideration. Each unit is furnished and comes with a stove and refrigerator.
This turnkey investment provides multiple income streams in one prime location. Schedule your private showing
Legal: MELBOURNE HTS Block P, Lots 8 & 9 (0.2032 + 0.2008 acres).
For sale
$525,000
3204 N 24th St, Waco, TX 76708
6beds
1,116sqft
Est.:
Multi Family
Built in 1923
-- sqft lot
$493,900 Zestimate®
$470/sqft
$-- HOA
What's special
- 155 days |
- 146 |
- 5 |
Zillow last checked:
Listing updated:
Listed by:
Kenneth Castello 0683066,
Weichert, Realtors - The Eastland Group 254-235-5015
Source: NTREIS,MLS#: 21126701
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 1
- Full bathrooms: 4
Heating
- Central, Electric
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Dryer, Electric Range, Gas Water Heater, Microwave, Refrigerator, Washer
Features
- Built-in Features, Cable TV
- Flooring: Vinyl, Wood
Interior area
- Total structure area: 1,116
- Total interior livable area: 1,116 sqft
Video & virtual tour
Property
Parking
- Total spaces: 5
- Parking features: Detached Carport
- Has carport: Yes
Features
- Levels: One
- Stories: 1
- Pool features: None
Lot
- Size: 8,755.56 Square Feet
Details
- Parcel number: 480289000170003
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding
- Foundation: Pillar/Post/Pier
- Roof: Composition,Metal
Condition
- Year built: 1923
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Sewer Available, Water Available, Cable Available
Community & HOA
Community
- Subdivision: Melbourne Heights
HOA
- Has HOA: No
Location
- Region: Waco
Financial & listing details
- Price per square foot: $470/sqft
- Tax assessed value: $131,860
- Annual tax amount: $2,965
- Date on market: 12/6/2025
- Cumulative days on market: 119 days
- Exclusions: All units are furnished with only a few exclusions
- Electric utility on property: Yes
Estimated market value
$493,900
$469,000 - $519,000
$1,259/mo
Price history
| Date | Event | Price |
|---|---|---|
| 12/6/2025 | Listed for sale | $525,000$470/sqft |
Source: NTREIS #21126701 Report a problem | ||
| 1/30/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 1/24/2022 | Listed for rent | $2,800$3/sqft |
Source: Zillow Rental Manager Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,965 +4.9% | $131,860 +5.2% |
| 2024 | $2,827 +13.6% | $125,320 +12.9% |
| 2023 | $2,489 -4.8% | $111,000 +6.9% |
| 2022 | $2,613 +74.6% | $103,790 +79.4% |
| 2021 | $1,496 | $57,850 +13.9% |
| 2020 | -- | $50,770 +7.7% |
| 2019 | $1,287 | $47,120 +3% |
| 2018 | $1,287 +3% | $45,730 +4% |
| 2017 | $1,250 +21.7% | $43,970 +27.5% |
| 2016 | $1,026 | $34,490 -7.7% |
| 2015 | $1,026 | $37,370 +2.5% |
| 2014 | $1,026 | $36,470 +8.9% |
| 2012 | -- | $33,483 +10.1% |
| 2011 | -- | $30,413 |
| 2010 | -- | $30,413 +28% |
| 2009 | -- | $23,756 |
| 2008 | -- | $23,756 +2.9% |
| 2007 | -- | $23,086 |
| 2006 | -- | $23,086 +6.6% |
| 2005 | -- | $21,652 |
Find assessor info on the county website
Monthly payment
Est. payment
$3,168/mo
Principal & interest
$2556
Property taxes
$612
More affordability tools
Climate risks
Neighborhood: North Waco
Nearby schools
GreatSchools rating
- 4/10Cedar Ridge Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 1/10Indian Spring Middle SchoolGrades: 6-8Distance: 2.5 mi
- 3/10Waco High SchoolGrades: 9-12Distance: 2.1 mi
Schools provided by the listing agent
- Elementary: Cedar Ridge
- Middle: Tennyson
- 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.
A local agent can set up tours, give advice and negotiate with sellers.
- Texas
- McLennan County
- Waco
- 76708
- North Waco
- 3204 N 24th St
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