Exclusive property for investors! Here is a great opportunity for those wanting to add to their portfolios or those who are just beginning. This property holds 3 rental units. Two of the units have 1 bathroom and 1 bedroom with a living room which can be used as a second bedroom. The upstairs unit has 2 bedrooms, a living room, 1 bathroom and kitchen which was completely remodeled in 2024. The roof was replaced in 2024 as well. 2 of the current leases are month-to-month and have been renting for a year or longer. The 3rd lease (Unit B) is up on 3-31-27.
Farwell Heights, located between Waco Drive and Franklin Avenue, is a residential and historic Waco neighborhood with early-20th-century bungalows and a tree-lined street grid. The neighborhood’s character concentrates around the Waco Drive and N. 25th Street corridor, where small storefronts, service counters, and local hangouts set a steady, lived-in pace. Housing leans toward compact lots, deep porches, and period details that suit walking loops and front-yard hellos. Cameron Park’s trails and river overlooks shape the outdoor rhythm nearby. Downtown’s museums and performance venues add a cultural pull without changing the quiet blocks. Commutes and errands tend to follow the Waco Drive spine toward campus and the core.
Provided by Walk Score and Local Logic
Market insights
2624 N 17th St · $295,000
DAYS ON MARKET
1 days
The average home goes pending in 64 days.
SALE-TO-LIST
96.8%
Most homes are selling 3% below list price.
LIST PRICE
$295,000
Median sale price in this area is $286,907. (3% lower 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
Bathroom
Bedroom
Living
Interior features
Other interior features
Bedrooms
4 bedrooms
Bathrooms
3 full bathrooms
Kitchen
Electric range, microwave
Flooring
Vinyl, wood flooring
Heating & cooling
Other heating
Window unit cooling
Exterior features
Storage
Home design
Triplex
Two stories
Parking
Driveway, gravel, and on-street parking
3 parking spaces
Construction
Built in 1904
Siding and wood construction
Composition roof
Pillar/post/pier foundation
Utilities
City water
HOA & community
No association
Financial info
3 units in 1 building
Gross annual income of $46,068
Gross annual expenses of $8,684
Net operating income of $41,317
14.01% capitalization rate
Month-to-month and six-month-or-less tenancy
Electricity and solar
View estimated energy costs and solar savings for this home
Attention investors! If you’re in the market for an investment property, take a look at this triplex located at 2624 N. 17th Street in Waco, Texas. This large 3,044 square foot (approximately) house sits on about 0.213 acres. Originally, this house was built for the President of TCU when he was in Waco. This home is being sold as-is, and it is currently tenant occupied, so your investment will begin paying off right away. This two-story triplex has a total of five bedrooms and three bathrooms. It has an open and inviting porch that partially wraps around the house. The home has hardwood floors throughout, with some built-ins in each of the three apartments. There is a balcony porch on the second floor at the front of the property. The home has several trees and plenty of yard space all the way around. It includes a detached garage and a lengthy driveway with plenty of parking space for all tenants. If you’re looking for a solid investment, act quickly on this one!
Public Records
May 18, 2021
Sold
*
Public Records
Oct 12, 2018
Sold
*
Year
Property tax
Land + Additions
Assessment*
2026
$8,130 (+15.5%)
$19,669 + $332,997
$352,666
2025
$7,039 (+6.1%)
$17,900 + $295,160
$313,060
2024
$6,632 (+20.7%)
2023
$5,493 (−15.0%)
$17,810 + $227,190
$245,000
2022
$6,464 (+8.0%)
$15,500 + $241,300
$256,800
2021
$5,983 (+18.7%)
$7,140 + $224,160
$231,300
2020
$5,041 (+4.3%)
$6,680 + $182,910
$189,590
2019
$4,834 (+3.2%)
$6,400 + $171,870
$178,270
2018
$4,686 (+30.4%)
$6,410 + $160,140
$166,550
2017
$3,593 (+14.5%)
$6,410 + $160,140
$166,550
2016
$3,138 (+13.6%)
$6,090 + $120,360
$126,450
2015
$2,763 (−9.8%)
$5,990 + $104,120
$110,110
2014
$3,064
$7,000 + $101,890
$108,890
Public record
Public record
Zoning
Permits
Beds
4
Baths
3
Stories
2
Lot width
100 ft.
Lot depth
93 ft.
Lot size
9,322 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
3,044
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,044
Year built
1904
Style
Single Family Residential
County
McLennan County
APN
480176000714007
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 23, 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
Jan 5, 2026 • Final
Residential (elec)
Install new electrical circuits using the existing service panel.
Electrical
Sep 5, 2024 • Final
Roofing (residential)
Perform a complete roof repair on a residential building.
Roofing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
2/10 Fire Factor
0.00% 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
56% 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
94/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Waco. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.5 hrs
6.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2624 N 17th St
$291,855
$3,145 under list price of $295K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $159K to $399K.