Updated Three-Unit
New
For Sale
$925,000
1708 S 9th Street, Waco, TX 76706
MULTI_FAMILY - Waco, TX
Property Size4,399 SF
Lot Size0.21 Acres
Price / SF$210.28
Days on Market1
Property Features for 1708 S 9th Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
9
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 3, Bathroom 1, Bedroom 5, Bedroom 6, Bedroom 1, Bathroom 4, Bedroom 9, Bedroom 4, Bedroom 7, Bathroom 2, Bedroom 2, Bathroom 6, Bedroom 8, Bathroom 5, Bathroom 3
Parking
9
Parking features
Off Street
Security features
Security
Interior features
GraniteCounters, OpenFloorplan, CableTv
Fencing
Fenced
Appliances
Dryer, Dishwasher, ElectricCooktop, ElectricOven, ElectricRange, ElectricWaterHeater, Disposal, Microwave, Refrigerator, Washer
Subdivision
48BAYLRB.1
Lot features
Cleared
Elementary school
South Waco
Middle school
Cesar Chavez
High school
University
Elementary school district
Waco ISD
Middle school district
Waco ISD
High school district
Waco ISD
Directions
Take Exit 334 - 17th & 18th St (US-77). Turn left onto S. 17th St. Drive approximately 0.8 miles to Bagby Ave, turn right. Continue on Bagby Ave for about 0.3 miles, then turn left onto S. 9th St. Continue to 1708 S. 9th St, which will be on your left in the Baylor University area.
Standard status
Active
APN
161971
Size
4,399 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Description
BAGBY Lot 12 Block 7 Acres .2066
Legal Description
BAGBY Lot 12 Block 7 Acres .2066
Utilities
Sewer type
Public Sewer
Heating system
Zoned, Central
Cooling system
Electric, Multi Units, Ceiling Fan(s), Central Air
Water source
Public
Building Details
Year built
2000
Floors in Building
2
Number of units
3
Flooring type
Carpet, Concrete
Building materials
Brick
Roof type
Composition
Listing Agency:
Paramount Realty & Management
(254) 855-4908
Listed By:
Mary Rodriguez
(254) 855-4908
Added: Aug 5
Last Checked: Aug 5 at 10:06PM
MLS# 21350650
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.
Caroline Place is a 4,399-square-foot triplex at 1708 S 9th Street in Waco. The property contains three residences, with each unit configured with 3 bedrooms and 2 full bathrooms. Interior features include granite counters, open floor plans, cable TV, and a mix of carpet and concrete flooring. Appliances include refrigerators, dishwashers, ranges, microwaves, washers, dryers, and disposals. Central and zoned heating, central air, multiple cooling units, ceiling fans, public water, and public sewer serve the property. Brick construction, a composition roof, fencing, and off-street parking complete the physical profile.
Built in 2000, the property is positioned near Baylor University and provides access to Downtown Waco, Magnolia Market at the Silos, shopping, dining, and coffee shops. The location is within the 76706 postal area of McLennan County.
Built in 2000, the property is positioned near Baylor University and provides access to Downtown Waco, Magnolia Market at the Silos, shopping, dining, and coffee shops. The location is within the 76706 postal area of McLennan County.
Key Highlights
- 4,399‑square‑foot triplex with three residential units
- Each unit includes 3 bedrooms and 2 full bathrooms
- Total configuration includes 9 bedrooms and 6 bathrooms
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 | $59.7k | $13.56 |
| − Vacancy | −$5.2k | −$1.19 |
| EGI | $54.4k | $12.37 |
| − OpEx | −$16.3k | −$3.71 |
| NOI | $38.1k | $8.66 |
4,399 SF · lease $13.56/SF/yr · vacancy 8.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$544.4K
$476.3K – $635.1K
NOI $38,106 @ 7.0% cap · market cap 4.12%
Second Best
Apartment 5plus
$500.9K
$438.3K – $584.4K
NOI $35,062 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$1.16M
$1.02M – $1.35M
NOI $81,241 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
687
Businesses Nearby
Explore this area
Business Placement
Demographics for 76706, TX
39,303
Population
16,600
Households
2.4
Avg Household Size
27
Median Age
23%
College-Educated
85%
High-School Grad
72.3 sq mi
ZIP Area
544
Density / Sq Mi
$42,277
Median Household Income
$23,954
Median Earnings
$1,063
Median Rent
$180,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Each residence offers three bedrooms, two full bathrooms, and updated interior finishes.
Where is this triplex located?
The property is located at 1708 S 9th Street Waco, TX.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 4,399‑square‑foot triplex with three residential units; Each unit includes 3 bedrooms and 2 full bathrooms; Total configuration includes 9 bedrooms and 6 bathrooms
