Brick Duplex with Private
261 Audrey Avenue Waco, TX 76705
New
261 Audrey Avenue, Waco, TX, 76705
$275,000
Pending
For Sale
$275,000
Pending
MULTI_FAMILY - Waco, TX
Property Size2,040 SF
Lot Size0.36 Acres
Days on Market5
Property Features for 261 Audrey Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 2, Bathroom 3, Bathroom 4, Bedroom 4, Bedroom 1
- Parking
- 2
- Parking features
- Driveway, Open, Garage
- Patio and Porch features
- Porch, Patio
- Interior features
- HighSpeedInternet, WalkInClosets, WiredForSound
- Exterior features
- RainGutters
- Appliances
- Dishwasher, ElectricRange, ElectricWaterHeater, Microwave, Refrigerator
- Standard status
- Pending
- APN
- 200226000073005
- Lot size
- 0.36 Acres
Taxes and HOA fees
- Tax Description
- CHALK BLUFF LOT 7 BLOCK 4 ACRES .3564
- Tax Annual Amount
- 2641
Utilities
- Sewer type
- Aerobic Septic
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric, Ceiling Fan(s)
Building Details
- Year built
- 1984
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Simulatedwood
- Building materials
- Brick, FiberCement
- Roof type
- Composition
Listing Agency
Graceland Real Estate
(254) 772-7788
Lorena, TX
Listed by
Patricia Meadows · License #0488304
(254) 772-7788
Added: Jul 14 Checked: Jul 18 at 6:06 am
MLS# 21247834
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.
This well-maintained brick duplex at 261-263 Audrey Avenue offers a straightforward two-unit layout with approximately 2,040 total square feet of living space. Each unit is approximately 1,020 square feet and features 2 bedrooms and 2 full bathrooms, along with a functional kitchen that includes a dishwasher. Tenants also benefit from practical everyday-use design elements, including an attached private garage and a comfortable interior layout. Outside, each unit has a private fenced backyard, and the low-maintenance brick exterior supports long-term usability.
The property is located in Waco, Texas (76705) within Connally ISD. It is described as having convenient access to schools including MCC, Baylor, and TSCT, as well as shopping, dining, and major Waco thoroughfares.
From an ownership standpoint, the configuration supports a range of buyer goals, including investing in rental income or living in one unit while leasing the other. The combination of private garages, fenced yards, and in-unit kitchen functionality is designed to appeal to tenants seeking autonomy and day-to-day comfort, while keeping the exterior profile simple to maintain.
The property is located in Waco, Texas (76705) within Connally ISD. It is described as having convenient access to schools including MCC, Baylor, and TSCT, as well as shopping, dining, and major Waco thoroughfares.
From an ownership standpoint, the configuration supports a range of buyer goals, including investing in rental income or living in one unit while leasing the other. The combination of private garages, fenced yards, and in-unit kitchen functionality is designed to appeal to tenants seeking autonomy and day-to-day comfort, while keeping the exterior profile simple to maintain.
Key Highlights
- Brick duplex built in 1984 with approximately 2,040 total SF and 2 units of about 1,020 SF each
- Each unit has 2 bedrooms and 2 full bathrooms, plus a functional kitchen with dishwasher, electric range, microwave, and refrigerator
- Each unit includes an attached private garage and a fenced backyard
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 | $27.7k | $13.56 |
| − Vacancy | −$2.4k | −$1.19 |
| EGI | $25.2k | $12.37 |
| − OpEx | −$7.6k | −$3.71 |
| NOI | $17.7k | $8.66 |
2,040 SF · lease $13.56/SF/yr · vacancy 8.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$252.4K
$220.9K – $294.5K
NOI $17,671 @ 7.0% cap · market cap 6.43%
Second Best
Apartment 5plus
$232.3K
$203.3K – $271.0K
NOI $16,260 @ 7.0% cap · market cap 5.91%
Theoretical Best
Office A
$538.2K
$470.9K – $627.9K
NOI $37,675 @ 7.0% cap · market cap 13.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Boss up barbershop
Barber Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained duplex in Connally ISD offering two units with private garages and fenced backyards for flexible ownership or renting.
Where is this duplex located?
The property is located at 261 Audrey Avenue Waco, TX.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Brick duplex built in 1984 with approximately 2,040 total SF and 2 units of about 1,020 SF each; Each unit has 2 bedrooms and 2 full bathrooms, plus a functional kitchen with dishwasher, electric range, microwave, and refrigerator; Each unit includes an attached private garage and a fenced backyard
