Three-Unit Residential Income
For Sale
$300,000
2604 Lasker Ave, Waco, TX 76707
Triplex with three separate units, including one 3-bedroom and two 1-bedroom residences.
Property Size2,412 SF
Price / SF$124.38
Days on Market670
Property Features for 2604 Lasker Ave
General Information
Standard status
Active
Size
2,412 SF
Property subtype
Multi-Family
Building Details
Year Built
1920
Listing Agency:
Harrell Realty Company
Listed By:
Hunter Harrell · License #TX-619933
(254) 855-4880
Source:
Northtexashomeguide
Added: Jan 2, 2025
Changed: Oct 31
Last Checked: Oct 5 at 6:56PM
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
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,894
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$417,880
$417.9K
Cap Rate 7%
$298,486
$298.5K
Cap Rate 9%
$232,156
$232.2K
Market Conditions
NOI Build-Up for 2,412 SF
Gross rent
$32.7K $13.56/SF
− Vacancy
−$2.9K −$1.19/SF
EGI
$29.8K $12.37/SF
− OpEx
−$9.0K −$3.71/SF
NOI
$20.9K $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%
$417,880
Cap Rate 7%
$298,486
Cap Rate 9%
$232,156
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 authorities.
How Realmo checks its estimates
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Location Intelligence
Trade Area within ½ mile
323
Businesses Nearby
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Business Placement
Demographics for 76707, TX
16,227
Population
6,678
Households
2.4
Avg Household Size
31
Median Age
15%
College-Educated
76%
High-School Grad
3.3 sq mi
ZIP Area
4,917
Density / Sq Mi
$38,208
Median Household Income
$27,124
Median Earnings
$1,055
Median Rent
$113,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
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 Ave 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.
