Brick Duplex with Private
1617 Cumberland Avenue Waco, TX 76708
New
1617 Cumberland Avenue, Waco, TX, 76708
$389,900
For Sale
$389,900
MULTI_FAMILY - Waco, TX
Property Size2,564 SF
Lot Size0.28 Acres
Price / SF$152.07
Days on Market7
Property Features for 1617 Cumberland Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 4, Bedroom 5, Bathroom 1, Bedroom 6, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 4
- Parking
- 6
- Security features
- Security
- Patio and Porch features
- Porch
- Interior features
- DecorativeDesignerLightingFixtures, GraniteCounters, OpenFloorplan
- Appliances
- ElectricWaterHeater
- Standard status
- Active
- APN
- 480230310001010
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Description
- 1617 CUMBERLAND LOT 1 BLOCK 1 ACRES .284
- Tax Annual Amount
- 7962
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Ceiling Fan(s), Electric
- Water source
- Public
Building Details
- Year built
- 2023
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Paintedstained, Concrete
- Building materials
- Brick
- Roof type
- Composition, Shingle
Listing Agency
EG Realty
(254) 218-4220
Waco, TX
Listed by
Anel Perales · License #651652
(254) 218-4220
Added: Jul 13 Checked: Jul 19 at 1:06 pm
MLS# 21275412
Listing URL
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Newer brick and stone duplex built for durability and low maintenance, offering two income-producing units. Each side provides an open-concept layout with stained concrete flooring and recessed lighting, along with three bedrooms and two bathrooms. Kitchens include granite countertops and custom cabinetry, supporting everyday cooking and entertaining. Primary bathrooms feature granite countertops and a tub-shower combo. A private covered patio is included with each unit, creating dedicated outdoor space. Exterior amenities also support convenient day-to-day use, with parking for up to six vehicles total and alley access for added functionality.
The property is located at 1617 Cumberland Avenue in Waco, TX, in McLennan County. It benefits from alley access, which can simplify vehicle movement and improve practical access to the rear of the duplex.
For investors and buyers seeking a turnkey option, the duplex is currently leased through the end of the year, supporting immediate rental income. The combination of newer construction, individual patio space, and manageable parking/access layout can appeal to tenants who want separation and convenience, while giving owners a straightforward duplex ownership experience.
The property is located at 1617 Cumberland Avenue in Waco, TX, in McLennan County. It benefits from alley access, which can simplify vehicle movement and improve practical access to the rear of the duplex.
For investors and buyers seeking a turnkey option, the duplex is currently leased through the end of the year, supporting immediate rental income. The combination of newer construction, individual patio space, and manageable parking/access layout can appeal to tenants who want separation and convenience, while giving owners a straightforward duplex ownership experience.
Key Highlights
- 2023‑built brick duplex with each side offering 1,282 sq. ft.
- Each unit includes 3 bedrooms and 2 bathrooms with an open floorplan.
- Kitchen features granite countertops and custom cabinetry.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.8k | $13.56 |
| − Vacancy | −$3.0k | −$1.19 |
| EGI | $31.7k | $12.37 |
| − OpEx | −$9.5k | −$3.71 |
| NOI | $22.2k | $8.66 |
2,564 SF · lease $13.56/SF/yr · vacancy 8.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$317.3K
$277.6K – $370.2K
NOI $22,210 @ 7.0% cap · market cap 5.70%
Second Best
Apartment 5plus
$291.9K
$255.5K – $340.6K
NOI $20,436 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$676.5K
$591.9K – $789.2K
NOI $47,352 @ 7.0% cap · market cap 12.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Newer duplex offers two leased units, each with open living space, private covered patio, and dedicated parking with alley access.
Where is this duplex located?
The property is located at 1617 Cumberland Avenue Waco, TX.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: 2023‑built brick duplex with each side offering 1,282 sq. ft.; Each unit includes 3 bedrooms and 2 bathrooms with an open floorplan.; Kitchen features granite countertops and custom cabinetry.
