Occupied Duplex with Two 1-Bed
For Sale
$165,000
3412 Brook Circle, Waco, TX 76710
Fully occupied duplex with two tenant-occupied single-story 1-bedroom, 1-bath units.
Property Size1,289 SF
Days on Market43
Property Features for 3412 Brook Circle
General Information
Standard status
Active
Size
1,289 SF
Property subtype
Duplex
Occupancy
100%
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,029
Building Details
Building Size
1,289 SF
Year Built
1948
Stories
1
Tenancy
Multi
Listing Agency:
Graceland Real Estate
(254) 772-7788
Listed By:
Patricia Meadows · License #0488304
Source:
Whitelabelrealty
Added: Jul 21
Changed: Aug 26
Last Checked: Aug 30 at 11:15PM
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 Graceland Real Estate
Investment Insights
Based on property information with market context.
This fully occupied duplex offers two tenant-occupied units, each featuring a single-story layout with one bedroom and one bathroom. Both units are described as well-maintained and include private entrances, supporting straightforward day-to-day access and management.
The property is located in Waco, Texas, at 3412 Brook Circle (as provided). Public remarks state it is positioned near shopping, dining, schools, and major roadways.
As presented, the duplex is configured to deliver immediate rental income through its current tenant occupancy, with two separate 1-bedroom units under one ownership.
The property is located in Waco, Texas, at 3412 Brook Circle (as provided). Public remarks state it is positioned near shopping, dining, schools, and major roadways.
As presented, the duplex is configured to deliver immediate rental income through its current tenant occupancy, with two separate 1-bedroom units under one ownership.
Key Highlights
- Fully occupied duplex in Waco with two tenant‑occupied units
- Two single‑story 1‑bedroom, 1‑bath units
- Year built: 1948
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,166
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$223,320
$223.3K
Cap Rate 7%
$159,514
$159.5K
Cap Rate 9%
$124,067
$124.1K
Market Conditions
NOI Build-Up for 1,289 SF
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.
Gross rent
$17.5K $13.56/SF
− Vacancy
−$1.5K −$1.19/SF
EGI
$16.0K $12.37/SF
− OpEx
−$4.8K −$3.71/SF
NOI
$11.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$223,320
Cap Rate 7%
$159,514
Cap Rate 9%
$124,067
Alternative Uses
Best Use
Multifamily LT 5
$159.5K
$139.6K – $186.1K
NOI $11,166 @ 7.0% cap · market cap 6.77%
Second Best
Apartment 5plus
$146.8K
$128.4K – $171.2K
NOI $10,274 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$340.1K
$297.6K – $396.8K
NOI $23,805 @ 7.0% cap · market cap 14.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
254
Businesses Nearby
Explore this area
Business Placement
Demographics for 76710, TX
24,874
Population
12,391
Households
2
Avg Household Size
38
Median Age
32%
College-Educated
92%
High-School Grad
9.3 sq mi
ZIP Area
2,675
Density / Sq Mi
$53,304
Median Household Income
$36,425
Median Earnings
$1,098
Median Rent
$229,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied duplex with two tenant-occupied single-story 1-bedroom, 1-bath units.
Where is this duplex located?
The property is located at 3412 Brook Circle Waco, TX.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Fully occupied duplex in Waco with two tenant‑occupied units; Two single‑story 1‑bedroom, 1‑bath units; Year built: 1948
