Turnkey Brick Duplex
3407 Pewitt Drive, Waco, TX 76706
- Added:
- May 16, 2026
- Days on Market:
- 18
- Last Refresh:
- Jun 2 at 7:06 pm
Property Features for 3407 Pewitt Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 6, Bathroom 3, Bedroom 5, Bathroom 4, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
- Parking
- 6
- Parking features
- Driveway
- Security features
- Security
- Patio and Porch features
- Porch
- Interior features
- GraniteCounters, OpenFloorplan
- Appliances
- ElectricWaterHeater, Microwave
- Standard status
- Active
- APN
- 480423010004006
- Size
- 2,402 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Description
- UNITED METHODIST CH LOT D BLOCK 1 ACRES .2439
- Tax Annual Amount
- 554
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Ceiling Fan(s), Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 2026
- 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 16, 2026
MLS# 21235624
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
- Brand new brick duplex under construction, built in 2026 with a composition shingle roof
- Each unit offers 3 bedrooms, 2 bathrooms, and 1,201 SF with an open floorplan
- Kitchens feature granite countertops and microwave included
- Bathrooms include modern tile surrounds; interior includes stained/painted concrete flooring
- Each unit includes a private covered porch/patio and driveway parking for up to six vehicles
- Utilities include public water and public sewer; central air with central electric heating and electric water heater
Overview
This turnkey brick duplex presents two matching, modern units built for low maintenance and long-term durability. Each unit includes three bedrooms and two bathrooms with an open-concept layout. Interior finishes are designed to be practical for residential renters, including stained concrete floors and tile surrounds in the bathrooms. Kitchens are appointed with granite countertops and custom cabinetry. For energy efficiency, the property includes foam insulation. Outside, each unit has a private covered patio, and the property provides ample parking with space for up to six vehicles.
The duplex is located at 3407 Pewitt Drive in Waco, Texas, within McLennan County. The listing describes the asset as being positioned in a high-demand rental area, making it a relevant option for buyers focused on dependable occupancy.
From an investment perspective, the layout and finishes support straightforward leasing to a range of tenants looking for comfortable, updated interiors and private outdoor space. For owner-occupants, the duplex configuration can also work well for house-hacking strategies where one unit can potentially offset living costs while the other supports rental income.
The duplex is located at 3407 Pewitt Drive in Waco, Texas, within McLennan County. The listing describes the asset as being positioned in a high-demand rental area, making it a relevant option for buyers focused on dependable occupancy.
From an investment perspective, the layout and finishes support straightforward leasing to a range of tenants looking for comfortable, updated interiors and private outdoor space. For owner-occupants, the duplex configuration can also work well for house-hacking strategies where one unit can potentially offset living costs while the other supports rental income.
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 | $32.6k | $13.56 |
| − Vacancy | −$2.8k | −$1.19 |
| EGI | $29.7k | $12.37 |
| − OpEx | −$8.9k | −$3.71 |
| NOI | $20.8k | $8.66 |
2,402 SF · lease $13.56/SF/yr · vacancy 8.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$297.2K
$260.1K – $346.8K
NOI $20,807 @ 7.0% cap · market cap 5.20%
Second Best
Apartment 5plus
$273.5K
$239.3K – $319.1K
NOI $19,145 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$633.7K
$554.5K – $739.3K
NOI $44,360 @ 7.0% cap · market cap 11.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Waco
- County
- McLennan
- State
- Texas
- Longitude
- -97.1312292
- Latitude
- 31.5129396
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Newly built brick duplex offers two leased units with private patios, durable finishes, and investor-friendly efficiency features.
Where is this duplex located?
The property is located at 3407 Pewitt Drive Waco, TX.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Brand new brick duplex under construction, built in 2026 with a composition shingle roof; Each unit offers 3 bedrooms, 2 bathrooms, and 1,201 SF with an open floorplan; Kitchens feature granite countertops and microwave included
