This 3/1 has great potential for maximizing rental income. Property is currently occupied by a Tenant. Lease details upon request. This property can be sold as a one-off or grouped with other properties as an investment package. For further details, please ask.
North Waco, located between the Brazos River and Waco Regional Airport, is a historic and industrial Waco neighborhood with riverfront edges and rail-and-warehouse streetscapes. The neighborhood’s character concentrates around Elm Avenue near Martin Luther King Jr. Boulevard, where murals, small storefronts, and legacy brick buildings set a working-city rhythm. Cultural pillars include the Dr Pepper Museum, the Waco Mammoth National Monument, and the Waco Suspension Bridge. Housing ranges from early 20th-century cottages to modest infill near older commercial corridors. Flat blocks and wide arterials shape a practical, drive-oriented layout, while the river and downtown skyline stay in view. Parks and museums add a weekend cadence without changing the neighborhood’s grounded feel.
Provided by Walk Score and Local Logic
Market insights
1606 Marshall Ave · $139,000
DAYS ON MARKET
539 days
The average home goes pending in 63 days.
SALE-TO-LIST
96.7%
Most homes are selling 3% below list price.
LIST PRICE
$139,000
Median list price in this area is $289,355. (108% higher than this home)
PRICE DROP
0 price drops
23% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Living
Interior features
Has appliances
Electric water heater
Refrigerator
Bedrooms
3 bedrooms
Bathrooms
1 full bathroom
Kitchen
Refrigerator
Laundry & utility
Electric water heater
Flooring
Carpet
Vinyl
Heating & cooling
Central heating (electric)
Central air (electric)
Exterior features
Chain link fencing
Less than 0.5-acre lot
Home design
Single family residence
Detached
Built in 1950
Parking
No garage
No covered parking
Construction
Frame construction
Composition roof
Pillar/post/pier foundation
Utilities
Sewer available
Other
Listing accepted cash and conventional financing
Located in Baker Estates subdivision
Electricity and solar
View estimated energy costs and solar savings for this home
Two-Family and Attached Single Family Residence District
The R-2 two-family and attached single-family residence district is intended to provide for development of attached dwelling types at moderate densities where it may serve as a transitional use between single-family residential areas and more intensive uses; or in locations with convenient access to the major street system and proximity to community services.
Permitted uses
Include but are not limited to:
Agriculture
Religious facility
Housing-Single unit
Housing-Multiple units
Housing-Student
Bed & breakfast
Educational/school
Library
Golf related
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
4/10 Fire Factor
0.93% chance of being in a wildfire in next 30 years
7/10 Heat Factor
7 days above 109° expected this year, 24 days in 30 years
6/10 Wind Factor
60% chance of strong winds in next 30 years
2/10 Air Factor
0 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Waco, TX • 76708
Average low and high temperatures (°F)
57
35
68
43
79
54
80
61
84
65
91
75
94
76
95
75
91
68
88
61
75
52
66
44
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
90/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.5 hrs
7.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1606 Marshall Ave
$131,163
$7,837 under list price of $139K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $149K to $190K.