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$45,064
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Property Description
Positioned in one of Waco's continually growing areas, this O-2 zoned lot presents an incredible opportunity for investors, builders, developers, or future homeowners looking to bring their vision to life. Conveniently located just minutes from Waco's bustling downtown, the property offers easy access to some of the city's most beloved destinations including Cameron Park, the Cameron Park Zoo, World Cup Café, D's Mediterranean, and countless local shops, restaurants, and entertainment options that continue to fuel the area's growth and appeal. The property's flexible O-2 zoning opens the door to a variety of potential uses, making it an attractive option for those seeking long-term investment potential or a future homesite in an increasingly desirable location. Adding even more value, the lot sits adjacent to another vacant corner lot, creating additional possibilities for expanded development, increased footprint potential, or enhanced privacy and usability depending on buyer goals and intended use. The lot itself offers a beautiful setting with mature trees surrounding portions of the property, creating a sense of privacy while still maintaining close proximity to city conveniences. Whether you envision building a personal residence, investment property, or exploring future development opportunities, this property offers a rare combination of location, flexibility, and potential.
Full Property Details
Full Property Details for 516 Indiana Ave
General
- Price: $45,064
- Taxes: $225
- Status: Active
- Type: Lots/Land
- Source: NTREIS
- MLS ID: 21263855
- Updated: 5/9/2026
- Added to Site: 7 day(s) ago
Location
- County: McLennan
- Subdivision: Chamberlin & Taylor
- Driving Directions: Seek Navigation through Google Maps and Apple Maps.
School Information
- Elem School District: Waco ISD
- Midd School District: Waco ISD
- High School District: Waco ISD
- Elementary School: West Avenue
- Middle School: GW Carver
- High School: Waco
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available, Sewer Available, Water Available
Structural Information
- Detached/Attached: Detached
- Current Bldg. Use: Vacant
Lot Features
- Lot Size (Acres): 0.131
- Lot Size (Sq. Ft.): 5,706.36
- Lot Size Source: Public Records
- Lot Features: Cleared, City Lot
- Zoning: O-2
Financial Considerations
- Tax Amount: $225
Disclosures and Reports
- Legal Description: CHAMBERLIN & TAYLOR LOT A BLOCK 18 ACRES .130
- Property ID: 480086000131002
- Block: 18
- Lot Number: A
Listed by Camille Johnson, Rebecca Kennedy
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Schools
Schools serving 516 Indiana Ave
School District:Waco Independent School District
| Name | Grades | Distance |
|---|---|---|
J High Hines Elementary School 301 Garrison Street, Waco, TX 76704 | PK-5 | 1.5 mi |
Indian Spring Middle School 500 North University Parks Drive, Waco, TX 76701 | 6-8 | 0.6 mi |
Waco High School 2020 North 42nd Street, Waco, TX 76710 | 9-12 | 3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 516 Indiana Ave
Date
Details
Price
Change
Source
5/07/2026
Listed
$45,064
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 516 Indiana Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$414
1%
$10,000
-46%
2023
$411
—
$18,350
—
2022
$411
2%
$18,350
15%
2022
$402
200%
$15,960
208%
2021
$134
3%
$5,190
6%
2020
$130
2%
$4,900
9%
2018
$127
57%
$4,500
58%
2017
$81
1%
$2,850
2%
2016
$80
-37%
$2,790
-40%
2019
$127
65%
$4,670
74%
2015
$77
-32%
$2,680
-33%
2013
$113
—
$4,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 516 Indiana Ave
516 Indiana Avenue, Waco, TX 76707 (MLS# 21263855) is a Lots/Land property with a lot size of 0.131 acres. 516 Indiana Avenue is currently listed for $45,064 and was received on May 07, 2026. Want to learn more about 516 Indiana Avenue? Do you have questions about finding other Lots/Land real estate for sale in Waco? You can browse all Waco real estate or contact a Coldwell Banker agent to request more information.
