2024 Duplex with Private
1215 Kellum Street, Waco, TX 76704
For Sale
$399,900
Two modern residences offer open layouts, private outdoor space, and included appliances near Downtown Waco and Baylor University.
Property Size2,436 SF
Days on Market51
Property Features for 1215 Kellum Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
private balcony
Building Details
Building Size
Year Built
Buildings
Listing Agency:
EG Realty
Listed By:
Anel Perales · License #651652
(254) 300-1134
Source:
Whitelabelrealty
Added: Sep 20
Changed: Oct 31
Last Checked: Nov 8 at 11:45AM
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 EG Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Completed in 2024, this duplex contains two residences, each with 2 bedrooms, 2 bathrooms, and 1,218 square feet of living area. Both units use open-plan layouts with vinyl flooring, primary suites with dual-vanity bathrooms, and walk-in closets fitted with open shelving. Private balconies extend the living space for each residence.
The property includes parking for up to four vehicles, rain gutters, and appliances that convey with the sale, including washers and dryers. Its Waco setting is approximately 4 minutes from Baylor University and close to Downtown Waco, restaurants, and shops.
The property includes parking for up to four vehicles, rain gutters, and appliances that convey with the sale, including washers and dryers. Its Waco setting is approximately 4 minutes from Baylor University and close to Downtown Waco, restaurants, and shops.
Key Highlights
- 2024 construction with two separate residences
- Each unit offers 2 bedrooms, 2 bathrooms, and 1,218 square feet
- Open‑concept interiors with vinyl flooring throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,102
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$422,040
$422.0K
Cap Rate 7%
$301,457
$301.5K
Cap Rate 9%
$234,467
$234.5K
Market Conditions
NOI Build-Up for 2,436 SF
Gross rent
$33.0K $13.56/SF
− Vacancy
−$2.9K −$1.19/SF
EGI
$30.1K $12.37/SF
− OpEx
−$9.0K −$3.71/SF
NOI
$21.1K $8.66/SF
Area
Waco, TX
Vacancy
8.74%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$422,040
Cap Rate 7%
$301,457
Cap Rate 9%
$234,467
Alternative Uses
Best Use
Multifamily LT 5
$301.5K
$263.8K – $351.7K
NOI $21,102 @ 7.0% cap · market cap 5.28%
Second Best
Apartment 5plus
$277.4K
$242.7K – $323.6K
NOI $19,416 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$642.7K
$562.4K – $749.8K
NOI $44,988 @ 7.0% cap · market cap 11.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
274
Businesses Nearby
Explore this area
Business Placement
Demographics for 76704, TX
7,220
Population
3,703
Households
1.9
Avg Household Size
35
Median Age
8%
College-Educated
78%
High-School Grad
5.4 sq mi
ZIP Area
1,337
Density / Sq Mi
$24,208
Median Household Income
$24,363
Median Earnings
$788
Median Rent
$112,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Waco, TX
Properties on Market for Duplexes in Waco
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two modern residences offer open layouts, private outdoor space, and included appliances near Downtown Waco and Baylor University.
Where is this duplex located?
The property is located at 1215 Kellum Street 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: 2024 construction with two separate residences; Each unit offers 2 bedrooms, 2 bathrooms, and 1,218 square feet; Open‑concept interiors with vinyl flooring throughout
