Selected for the Terner Labs Housing Venture Lab

2601-2603 Summer Avenue, Waco, TX 76708

Active
Listed 101 days ago
Owner-Occupant Eligible
$360,000

About $229 a month to live here, after the rent from the other homes.

Quadplex2,876 sqft6 beds4 bathsListed Aug 3, 2026

A fourplex. Live in one home and rent out the other three. How it works

Live here for about

$229a month

The other homes rent for $3,095. We hold back $604 of that for repairs and an empty month, and the rest goes toward a $2,720 monthly payment.

Income to qualify: about $48,000 a year

With how much down?

At 20% down ($72,000) and 6.0%, 30-year fixed. Your rate and down payment change this.

Get rich slow: keep this loan ten years and the payments pay off about $47,000 of it. See the ten-year math

See which homes fit your numbers
How we work this out

The cost to live here is the loan payment, taxes, insurance and any dues, less the rent, with a little held back for repairs and an empty month. Income to qualify uses a 43% debt-to-income limit, counts 75% of the rent, and none of your other debts.

$18,000 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

Welcome to Hawthorne Homestead—a thoughtfully renovated collection of four private residences offering a fresh perspective on multifamily living in Waco. Affectionately named by the sellers for its potential as an investment opportunity with the concept and vision of community living – Renovated Quadplex Near Downtown Waco! Don't miss this exceptional opportunity to own a beautifully renovated 4-unit multifamily property in one of Waco's most desirable investment locations. Situated just 12 minutes from Magnolia Market at the Silos and Downtown Waco and only 13 minutes from Baylor University. The property features 4 units with a total of 6 bedrooms and 4 bathrooms, including: Two 2-bedroom, 1-bath units; Two 1-bedroom, 1-bath units. Each unit has been thoughtfully updated, appliances included and low-maintenance living for both owners and tenants. The backyard features a large lot space, perfect for community living. Create an environment your tenants would want to enjoy long term. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the others, this quadplex offers outstanding flexibility and income potential. With its convenient location near Waco's top attractions, shopping, dining, and major employers, this is an investment opportunity you won't want to miss. Being sold as-is, financing preference cash or conventional. Schedule your private showing today!

Quadplex

Property Type

8,233 sqft

Lot Size

1949

Year Built

Listing Date: 08/03/2026

Listed by: Lauren Rohr

Listing office: eXp Realty, LLC Waco

Source: NTREIS #21340842

Series Homes is committed to full compliance with the Fair Housing Act and the Equal Credit Opportunity Act.

CHOOSE YOUR UNIT

Tap the one you would live in. The rest pay rent, and that rent comes off your monthly cost.

If someone lives in the unit you want, or a lease comes with the home, ask how moving in works on this one.

CHECK OUR MATHEvery line of the monthly cost is in here. Change the price or the down payment and watch it move.

OFFER PRICE

Change your offer and watch the monthly cost move.

Purchase Price

-15%
$360,000

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$360,000
Your Down Payment$72,000
Financed$288,000
Estimated Monthly Payment$2,720

Before rent: principal and interest at 6.0% on a 30-year fixed loan, taxes, insurance and any HOA dues. Your rate and down payment change this.

MONTHLY BREAKDOWN

Estimate at 20% down ($72,000) and 6.0%, 30-year fixed. Your rate and down payment change this.

Estimated Monthly Payment (Before Rental Income)
$2,720/month
Principal + Interest
$1,727
Property Taxes
$449
Home Insurance
$544
Rental Income (3 Units)
$3,095/month

From market rates for this unit's size.

Rental Expenses
-$604
Cost to live here
$229/month

Payment estimates shown by Series are illustrative only. Final loan terms, monthly payments, and eligibility will be determined by your mortgage loan originator.

BEFORE YOU OFFER

Now run it on your paycheck.

This page is priced at one down payment and one rate. Send the address and we run it at yours: what you would pay each month after rent, and which loan works on this home.

Free. No credit pull.

NTREIS logo

MLS# 21340842 · Listing office: eXp Realty, LLC Waco

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the NTREIS Multiple Listing Service. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.