Three-Unit Residential Income
2604 Lasker Avenue Waco, TX 76707
2604 Lasker Avenue, Waco, TX, 76707
$300,000
For Sale
$300,000
Triplex with three separate units, including one 3-bedroom and two 1-bedroom residences.
Property Size2,412 SF
Price / SF$124.38
Days on Market1144
Property Features for 2604 Lasker Avenue
General Information
- Standard status
- Active
- Size
- 2,412 SF
- Property subtype
- Triplex
Building Details
- Year Built
- 1920
Listing agency
Harrell Realty Company
(254) 772-8572
Listed by
Hunter Harrell · License #TX-619933
(254) 855-4880
Source
Xome
Added: Jun 5, 2023 Updated: Jul 21 at 6:58PM Checked: Jul 21 at 6:58PM
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 Harrell Realty Company
Investment Insights
Based on property information with market context.
This for-sale triplex at 2604 Lasker Avenue includes three separate residential units. Unit A offers 3 bedrooms and 1 bathroom with 1,090 square feet of living space. Units B and C each provide 1 bedroom and 1 bathroom with 660 square feet.
The seller notes that tenant lease details are available upon request, and the property may be purchased individually or as part of a larger investment package with other properties.
Total property size is listed as 2,412 square feet, and the asset is located in Waco, TX.
The seller notes that tenant lease details are available upon request, and the property may be purchased individually or as part of a larger investment package with other properties.
Total property size is listed as 2,412 square feet, and the asset is located in Waco, TX.
Key Highlights
- Triplex at 2604 Lasker Avenue with three separate units: Unit A (3BR/1BA, 1,090 SF) plus Units B and C (1BR/1BA, 660 SF each).
- Tenant lease details are available upon request.
- Wood exterior and a composition roof.
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 | $32.7k | $13.56 |
| − Vacancy | −$2.9k | −$1.19 |
| EGI | $29.8k | $12.37 |
| − OpEx | −$9.0k | −$3.71 |
| NOI | $20.9k | $8.66 |
2,412 SF · lease $13.56/SF/yr · vacancy 8.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$298.5K
$261.2K – $348.2K
NOI $20,894 @ 7.0% cap · market cap 6.96%
Second Best
Apartment 5plus
$274.6K
$240.3K – $320.4K
NOI $19,225 @ 7.0% cap · market cap 6.41%
Theoretical Best
Office A
$636.4K
$556.8K – $742.4K
NOI $44,545 @ 7.0% cap · market cap 14.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Triplex with three separate units, including one 3-bedroom and two 1-bedroom residences.
Where is this triplex located?
The property is located at 2604 Lasker Avenue Waco, TX.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Triplex at 2604 Lasker Avenue with three separate units: Unit A (3BR/1BA, 1,090 SF) plus Units B and C (1BR/1BA, 660 SF each).; Tenant lease details are available upon request.; Wood exterior and a composition roof.
