Brand-New Income
3109 N 27th Street, Waco, TX 76708
- Added:
- May 19, 2026
- Days on Market:
- 15
- Last Refresh:
- Jun 2 at 7:06 pm
Property Features for 3109 N 27th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 4, Bedroom 6, Bathroom 2, Bedroom 1, Bedroom 5, Bedroom 3, Bathroom 3, Bathroom 4, Bathroom 1, Bedroom 2
- Parking
- 6
- Security features
- Security
- Patio and Porch features
- Porch
- Interior features
- DecorativeDesignerLightingFixtures, GraniteCounters, OpenFloorplan, Pantry, WalkInClosets
- Appliances
- ElectricWaterHeater
- Standard status
- Active
- APN
- 480314000021004
- Size
- 2,110 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Description
- NORTH SIDE LOT 4 BLOCK 3 ACRES .1555
- Tax Annual Amount
- 6981
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Electric, Ceiling Fan(s), Central Air
- Water source
- Public
Building Details
- Year built
- 2025
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Concrete, Paintedstained
- Building materials
- Brick
- Roof type
- Composition, Shingle
Listing agent Anel Perales License #651652 (254) 218-4220
Listing office EG Realty Waco, TX (254) 218-4220
Listing date May 19, 2026
MLS# 21274419
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.
HighLights
- New 2025 duplex under construction with 2 units, each designed with 3 bedrooms and 2 bathrooms
- Each unit features an open floorplan with granite counters, pantry, and walk‑in closets
- Interior finishes include stained/painted concrete flooring and tile surrounds in the bathrooms
- Utilities: public water and public sewer; electric water heater plus central heating and central air with ceiling fans
- Brick construction with composition shingle roof; foam insulation noted for energy efficiency
- Each unit includes a private covered patio and ample parking for up to 6 vehicles total
Overview
This brand-new income-producing duplex is designed for durability, efficiency, and long-term investment performance. Each side provides an open-concept layout with 3 bedrooms and 2 bathrooms, complemented by granite countertops, custom cabinetry, stained concrete flooring, and tile finishes in the bathrooms. The spacious primary bedroom includes a walk-in closet, and foam insulation supports energy efficiency. Outside, every unit offers a private covered patio and ample parking for up to 6 vehicles, supporting tenant convenience with a low-maintenance exterior.
The property is located at 3109 N 27th Street in Waco, Texas (McLennan County). It is currently leased through the end of the year, creating immediate rental income potential for an investor seeking a ready-to-operate asset.
With both sides delivering similar three-bedroom, two-bath layouts, the duplex is well suited for buyers looking to add to a rental portfolio while maintaining consistent unit appeal. The combination of modern finishes, energy-conscious construction, and covered patio space can help attract and retain tenants, while the near-term in-place lease supports underwriting from day one.
The property is located at 3109 N 27th Street in Waco, Texas (McLennan County). It is currently leased through the end of the year, creating immediate rental income potential for an investor seeking a ready-to-operate asset.
With both sides delivering similar three-bedroom, two-bath layouts, the duplex is well suited for buyers looking to add to a rental portfolio while maintaining consistent unit appeal. The combination of modern finishes, energy-conscious construction, and covered patio space can help attract and retain tenants, while the near-term in-place lease supports underwriting from day one.
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 | $28.6k | $13.56 |
| − Vacancy | −$2.5k | −$1.19 |
| EGI | $26.1k | $12.37 |
| − OpEx | −$7.8k | −$3.71 |
| NOI | $18.3k | $8.66 |
2,110 SF · lease $13.56/SF/yr · vacancy 8.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$261.1K
$228.5K – $304.6K
NOI $18,278 @ 7.0% cap · market cap 5.22%
Second Best
Apartment 5plus
$240.3K
$210.2K – $280.3K
NOI $16,818 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$556.7K
$487.1K – $649.5K
NOI $38,967 @ 7.0% cap · market cap 11.14%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Waco
- County
- McLennan
- State
- Texas
- Longitude
- -97.176685
- Latitude
- 31.569012
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Newly built duplex with two 3-bedroom units, each leased through year-end, offering turnkey rental income and low-maintenance finishes.
Where is this duplex located?
The property is located at 3109 N 27th Street Waco, TX.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: New 2025 duplex under construction with 2 units, each designed with 3 bedrooms and 2 bathrooms; Each unit features an open floorplan with granite counters, pantry, and walk‑in closets; Interior finishes include stained/painted concrete flooring and tile surrounds in the bathrooms
