Price Reduction
Address
1902 S 8th St, Waco, TX
Price
$ 1,800,000
Property Attributes
  • MLS#2881930
  • TypeCommercial
  • Listing Status Active
  • CountyMCLENNAN
  • CityWaco
  • NeighborhoodBagby
  • Zip76706
  • StyleMulti Family
  • Year Built1998
  • Taxes$ 13535
  • Price$ 1,800,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6889
  • Lot Size0.3659 Acres
Data Source:
Austin Board of REALTORS® (ABOR) as distributed by MLS GRID
Property Description

This well-maintained property is ideally situated in a highly sought-after location near Baylor University, offering excellent visibility and accessibility. Recent updates include a roof, fresh exterior paint, durable Hardiplank sheathing, modern vinyl plank flooring, security lighting, and updated entry pads. With these key improvements already completed, this property is well situated for investors. The property offers strong future potential, including the possibility of converting to condominiums and selling units individually down the line. Currently offering a solid 7% cap rate, this is an outstanding opportunity in a growing and vibrant area.

Price History
5/20/2026 Listed $2,000,000
7/8/2026 3$1,950,000
7/22/2026 6$1,850,000
9/14/2026 3$1,800,000

General Features

Sewer Public Sewer
Heating Central
Cooling Ceiling Fan(s),Central Air
Utilities Cable Connected,Electricity Connected,High Speed Internet,Sewer Connected,Water Connected
Security Features Fire Alarm,Security Lights,Smoke Detector(s)
Construction Materials Brick,HardiPlank Type,Board & Batten Siding
Year Built 1998
View None
Topography Flat
Property Subtype Multi Family
Tax Year 2025
Current Use Multi-Family
Accessibility None
County McLennan
Net Operating Income 140904
Operating Expense 31000
New Construction No
Property Type Commercial Sale
Energy Efficient None
Subdivision Name Bagby
Building Features Appliances
Green Sustainability None
Other Structures None
Status Active
Directions Exit IH 35. Head SE on 8th St. Property will be on your left. SE corner of 8th and Wood Ave.
City Waco
Disclosures None
MLS Area Out of Area
Lot Size Square Feet 15938.6
Tax Annual Amount 13535.24
Property Condition Updated/Remodeled
Additional Parcels Y/N No
Leasable Area 6880
Lease Type Fixed
Standard Status Active
Year Built Source Public Records
Tax Assessed Value 602000

Interior Features

Flooring Carpet,Tile,Vinyl

Exterior Features

Parking Features Common,Concrete
Water Source Public
Total Parking 10
Number of Buildings 1
Building Area Total 6889
Lot Size Acres 0.3659
Lot Size Source Public Records
Waterfront Y/N No
Other Equipment None
Horse Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 76706

Price
AVG $1.8M
$1.8M
Taxes
AVG $13,535
$13,535
Year Built
AVG 1949
1998
Visits
AVG 3
3
Data Provided by Inside Real Estate®