Fully leased Waco duplex offering immediate rental income and a turnkey investment opportunity. Both units are currently leased for 12 months at $1,250 per month each, providing $2,500 in combined monthly rent and $30,000 in annual gross rental income.
New Construction investment property features two 2-bedroom, 1.5-bath units, each with a functional two-story floor plan. The main level offers an open-concept kitchen and living area, half bath, and laundry closet. Upstairs you'll find both bedrooms and a Jack-and-Jill style full bathroom.
Modern finishes include butcher block countertops, black fixtures, updated cabinetry, vinyl flooring downstairs, and carpet upstairs. Each unit also offers its own private entrance and separate driveway for added convenience.
With tenants already in place, this income-producing duplex offers an investor the opportunity to acquire a newer, low-maintenance rental property with established income from day one. Conveniently located with access to downtown Waco, I-35, Baylor University, McLennan Community College (MCC), and Texas State Technical College (TSTC).
For sale
$340,000
1623 Seley Ave, Waco, TX 76704
4beds
1,596sqft
Duplex, Multi Family
Built in 2023
-- sqft lot
$-- Zestimate®
$213/sqft
$-- HOA
What's special
Carpet upstairsUpdated cabinetryVinyl flooring downstairsPrivate entranceButcher block countertopsSeparate drivewayLaundry closet
- 111 days
- 174
- 7
Zillow last checked:
Listing updated:
Listed by:
Ryan Simpson 0811203,
Greater Waco Realty, LLC 254-230-4222
Source: NTREIS,MLS#: 21263796
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Electric
Cooling
- Ceiling Fan(s)
Appliances
- Included: Electric Range, Electric Water Heater, Microwave
Features
- Kitchen Island
- Flooring: Carpet, Luxury Vinyl Plank
Interior area
- Total structure area: 1,596
- Total interior livable area: 1,596 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Concrete
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Size: 7,361 Square Feet
Details
- Parcel number: 280177050001007
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family
Materials
- Foundation: Slab
- Roof: Asphalt
Condition
- Year built: 2023
Community & HOA
Community
- Subdivision: Faulkner
HOA
- Has HOA: No
Location
- Region: Waco
Financial & listing details
- Price per square foot: $213/sqft
- Tax assessed value: $136,168
- Annual tax amount: $3,373
- Date on market: 5/12/2026
- Cumulative days on market: 111 days
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
$2,445/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/12/2026 | Listed for sale | $340,000-14.8%$213/sqft |
Source: NTREIS #21263796 Report a problem | ||
| 3/20/2024 | Listing removed | -- |
Source: | ||
| 9/21/2023 | Listed for sale | $399,000+1040%$250/sqft |
Source: | ||
| 1/15/2022 | Listing removed | -- |
Source: Owner Report a problem | ||
| 1/4/2022 | Listed for sale | $35,000+159.3%$22/sqft |
Source: Owner Report a problem | ||
| 7/5/2021 | Listing removed | -- |
Source: WMLS Report a problem | ||
| 6/17/2021 | Pending sale | $13,500$8/sqft |
Source: WMLS #201692 Report a problem | ||
| 6/13/2021 | Listed for sale | $13,500$8/sqft |
Source: WMLS #201692 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,373 -3.8% | $136,168 -4.4% |
| 2024 | $3,507 +689.7% | $142,460 +612.3% |
| 2023 | $444 +100.8% | $20,000 +122.7% |
| 2022 | $221 +4.9% | $8,980 +10.9% |
| 2021 | $211 | $8,100 +4.8% |
| 2020 | -- | $7,730 +5% |
| 2019 | $196 | $7,360 +5.3% |
| 2018 | $196 +2.8% | $6,990 +4.3% |
| 2017 | $191 +2.9% | $6,700 +2.3% |
| 2016 | $185 | $6,550 +2.3% |
| 2015 | $185 | $6,400 +1.1% |
| 2014 | $185 | $6,330 +141.8% |
| 2012 | -- | $2,618 |
| 2011 | -- | $2,618 |
| 2010 | -- | $2,618 |
| 2009 | -- | $2,618 |
| 2008 | -- | $2,618 |
| 2007 | -- | $2,618 |
| 2006 | -- | $2,618 |
| 2005 | -- | $2,618 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Carver
Nearby schools
Schools provided by the listing agent
- Elementary: La Vega
- Middle: La Vega
- High: La Vega
- District: La Vega ISD
Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.






