Income-Generating
1200-1202 North 9th Street Unit 2 Waco, TX 76707
For Sale
$220,000
Two-unit duplex with both units currently leased and producing monthly rental income.
Property Size2,143 SF
Price / SF$102.66
Days on Market130
Property Features for 1200-1202 North 9th Street Unit 2
General Information
- Standard status
- Active
- Size
- 2,143 SF
- Property subtype
- Multi-Family / Full Duplex
Building Details
- Year Built
- 1922
Listing Agency:
Kelly
(713) 855-7279
Listed By:
Nicholas Rivas · License #729959
(713) 855-7279
Source:
Compass
Added: Mar 17
Changed: Jul 22
Last Checked: Jul 23 at 11:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kelly
Investment Insights
Based on property information with market context.
This income-producing duplex features two separate units, configured for residential rental. Both units are currently leased, providing an established income stream.
The property is located at 1200–1202 North 9th Street in Waco, Texas, with convenient access to local amenities, schools, and major thoroughfares.
As an investor-focused asset, the duplex offers a straightforward two-unit structure with functional layouts designed for long-term tenancy.
The property is located at 1200–1202 North 9th Street in Waco, Texas, with convenient access to local amenities, schools, and major thoroughfares.
As an investor-focused asset, the duplex offers a straightforward two-unit structure with functional layouts designed for long-term tenancy.
Key Highlights
- Duplex with 2 total units; both units are currently leased
- Monthly rent: one unit at $1,000 and the other at $1,200
- Year built 1922; one‑story frame construction with vinyl siding
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 | $29.1k | $13.56 |
| − Vacancy | −$2.5k | −$1.19 |
| EGI | $26.5k | $12.37 |
| − OpEx | −$8.0k | −$3.71 |
| NOI | $18.6k | $8.66 |
2,143 SF · lease $13.56/SF/yr · vacancy 8.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$265.2K
$232.1K – $309.4K
NOI $18,564 @ 7.0% cap · market cap 8.44%
Second Best
Apartment 5plus
$244.0K
$213.5K – $284.7K
NOI $17,081 @ 7.0% cap · market cap 7.76%
Theoretical Best
Office A
$565.4K
$494.7K – $659.6K
NOI $39,577 @ 7.0% cap · market cap 17.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-unit duplex with both units currently leased and producing monthly rental income.
Where is this duplex located?
The property is located at 1200-1202 North 9th Street Unit 2 Waco, TX.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Duplex with 2 total units; both units are currently leased; Monthly rent: one unit at $1,000 and the other at $1,200; Year built 1922; one‑story frame construction with vinyl siding
