2824 Washington Avenue, Waco, TX 76710
- Added:
- Jun 6, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 8 at 10:06 am
Property Features for 2824 Washington Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bedroom 3, Bathroom 4, Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 3
- Parking
- 4
- Parking features
- Garage, Driveway, Open
- Interior features
- BuiltInFeatures, DecorativeDesignerLightingFixtures, EatInKitchen, CableTv
- Fireplace
- 1
- Appliances
- BuiltInGasRange, Dryer, Disposal, GasRange, GasWaterHeater, Microwave, Refrigerator, VentedExhaustFan, Washer
- Standard status
- Active
- APN
- 181222
- Size
- 2,843 SF
- Lot size
- 0.32 Acres
Taxes and HOA fees
- Tax Description
- MANN J W Lot B13 14 Block 2A Acres .322
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Natural Gas
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1952
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Hardwood, Linoleum, Vinyl
- Building materials
- Brick
- Roof type
- Composition, Shingle
Listing agent Penny Ostrom License #620999 (254) 640-4144
Listing office HIS Group LLC Waco, TX (254) 640-4144
Listing date Jun 6, 2026
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.
HighLights
- Duplex built in 1952 with 2 large bedrooms and 2 full bathrooms on each side
- Brick construction with original, well‑cared‑for hardwood floors in the dining and living areas
- Central heating (natural gas) and central air conditioning
- Fireplace and built‑in storage with decorative lighting fixtures
- Each side includes two detached, covered garage parking spaces (plus driveway and open parking)
- Public water and public sewer; roof includes composition/shingle materials
Overview
Set on Washington Avenue in Waco, the property is described as being in a beautiful neighborhood. The seller notes close proximity to Baylor University, shopping, restaurants, and health care.
For buyers looking for flexibility, the duplex configuration supports multiple living and leasing options, including living in one side while leasing the other. The spacious two-bedroom, two-bath layout on each side can also fit households traveling for special occasions, sporting events, or family visits, where multiple bedrooms and bathrooms help keep day-to-day logistics manageable.
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 | $38.6k | $13.56 |
| − Vacancy | −$3.4k | −$1.19 |
| EGI | $35.2k | $12.37 |
| − OpEx | −$10.6k | −$3.71 |
| NOI | $24.6k | $8.66 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Waco
- County
- McLennan
- State
- Texas
- Longitude
- -97.154505
- Latitude
- 31.538017
