Looking for an investment property with great potential? Look no further than this VALUE-ADD duplex at 2421-2423 Mitchell Avenue! Whether you're looking to flip, hold long-term, or even house hack, this property offers a variety of possibilities. This duplex features two separate units, with one side being a 2 bedroom/1 bath and the other being a 1 bedroom/1bath. Each side has its own water meter, electric meter, and gas meter; making it ideal for multi-family living or rental income. One side of the duplex was recently occupied for over 10 years, ensuring a solid history and potential for future tenants or homeowners. With owner financing available, this is an excellent opportunity to capitalize on a prime property with multiple avenues for customization and growth. Don’t miss out on this versatile investment opportunity – schedule your showing today!
Attention investors and DIY enthusiasts! Multiple exit strategies: finish this remodel then either flip, rent or move in! Home being sold as is. Cash preferred but will consider financed all offers.
Year
Property tax
Land + Additions
Assessment*
2026
$3,343 (+6.4%)
$18,068 + $126,932
$145,000
2025
$3,141 (−20.6%)
$16,420 + $123,297
$139,717
2024
$3,958 (+6.8%)
$16,420 + $159,060
$175,480
2023
$3,705 (−2.5%)
$16,420 + $148,840
$165,260
2022
$3,800 (+94.5%)
$14,270 + $136,680
$150,950
2021
$1,953 (+21.9%)
$6,520 + $69,000
$75,520
2020
$1,603 (−3.6%)
$6,110 + $54,170
$60,280
2019
$1,663 (+3.2%)
$5,860 + $55,460
$61,320
2018
$1,611 (+44.6%)
$5,610 + $51,650
$57,260
2017
$1,114 (+12.2%)
$5,610 + $51,650
$57,260
2016
$993 (+12.5%)
$5,360 + $33,850
$39,210
2015
$883 (−3.2%)
$5,280 + $29,560
$34,840
2014
$912
$7,000 + $25,420
$32,420
Tax history for 2421-2423 Mitchell Ave
Year
Property tax
Land + Additions
Assessment*
2026
$3,343 (+6.4%)
$18,068 + $126,932
$145,000
2025
$3,141 (−20.6%)
$16,420 + $123,297
$139,717
2024
$3,958 (+6.8%)
$16,420 + $159,060
$175,480
2023
$3,705 (−2.5%)
$16,420 + $148,840
$165,260
2022
$3,800 (+94.5%)
$14,270 + $136,680
$150,950
2021
$1,953 (+21.9%)
$6,520 + $69,000
$75,520
2020
$1,603 (−3.6%)
$6,110 + $54,170
$60,280
2019
$1,663 (+3.2%)
$5,860 + $55,460
$61,320
2018
$1,611 (+44.6%)
$5,610 + $51,650
$57,260
2017
$1,114 (+12.2%)
$5,610 + $51,650
$57,260
2016
$993 (+12.5%)
$5,360 + $33,850
$39,210
2015
$883 (−3.2%)
$5,280 + $29,560
$34,840
2014
$912
$7,000 + $25,420
$32,420
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
2
Baths
1
Stories
1
Lot width
50 ft.
Lot depth
165 ft.
Lot size
8,250 Sq. Ft.
Year renovated
—
Sq. Ft.
1,544
Year built
1949
Style
Multi-Family (2-4 Unit)
County
McLennan County
APN
480424000049005
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 14, 2026.
R-2
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
Property details
Parking
Parking Information
Parking Features: Paved
Interior
Fireplace Information
Fireplace Features: None
Interior Features
Room Count: 0
Has Appliances
Appliances: None
Interior Features: Cable TV Available
Multi-Unit Information
Number Of Units Total: 2
Unit Count: 2
Occupancy Rate: 0
Exterior
Building Information
Roof: Composition
Construction Materials: Siding, Stone Veneer
Lot Information
Other Structures: Workshop
Parcel Number: 194210
Zoning Description: R-2
Property Information
Property Type: Residential Income
Property Sub Type: Duplex
Property Key: 48309|480424000049005|1|74478372
Property Match: APN
Building Information
Building Area Total: 1544.00
Year Built: 1949
Financial
Tax Information
Tax Block: 5
Tax Legal Description: UNIVERSITY HTS LOT 9 BLOCK 5 ACRES .1894
Tax Lot: 9
Unexempt Taxes: 3958
Lease Information
Lease Term: Negotiable
Tenant Pays: None
Financial Information
Buyer Financing: Cash
Utilities
Utility Information
Utilities: Septic, Sewer Available
Location
School Information
School District: Waco ISD
Location Information
County Or Parish: McLennan
Country: United States
Geocode Confidence: High
Subdivision Name: University Heights
Public facts
Beds: 2
Baths: 1.0
Sq. Ft.: 1,544
Stories: 1.0
Lot Size: 8,250 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1949
Year Renovated: —
County: McLennan County
APN: 480424000049005
Home facts updated by county records on Oct 14, 2026
Other
Listing Information
Document Manager MLS Count: 0
Document Manager Private Count: 0
Document Manager Public Count: 0
Document Manager Total Count: 0
Listing Id: 227740
Listing Key Numeric: 450665779
Listing Terms: Cash, Conventional, Owner Will Carry
Mls Status: Closed
Previous Status: Pending
Originating System Name: North Texas Real Estate Information Systems
Photos Count: 14
Possession: Closing/Funding
Seller Contributions: 0
Special Notes: Owner/ Agent
Standard Status: Closed
Transaction Type: For Sale
Listing Date Information
Days On Market: 36
Cumulative Days On Market: 36
Close Date: 2025-03-14
Purchase Contract Date: 2025-02-28
Listing Contract Date: 2025-01-24
Off Market Date: 2025-02-28
Status Change Timestamp: 2025-03-14T15:51:29.730
Listing Price Information
Original List Price: 140000.00
List Price: 140000.00
Around this home
Schools
K - 12
Preschool & daycare
Dean Highland Elementary School
Public PreK-5 • Assigned • 1.0mi
1/10
G W Carver Middle
Public 6-8 • Assigned • 2.6mi
1/10
Waco High School
Public 9-12 • Assigned • 1.8mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be 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
86
60
75
52
66
44
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.7 hours in
June and 5.2 hours in December, which is comparable to the
U.S. average for solar exposure.
9.7 hrs
5.2 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$143,000 – $173,000
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