Two-Unit Duplex with Brick
1301 JAMES AVE, Waco, TX 76706
For Sale
Contact for pricing
Two-story rental property with central electric heating and cooling, kitchens with appliances, and paved on-site parking.
Property Size3,360 SF
Lot Size0.19 Acres
Price / SF$252.98
Days on Market12
Property Features for 1301 JAMES AVE
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Net Operating Income
Financials
Asking Price
Cap Rate
Gross Income
Additional Details
Highway Access
Multifamily Units
Building Details
Year Built
Buildings
Stories
Construction
Listing Agency:
The McLeod Company
Listed By:
Matthew McLeod · License #TX 575417
(254) 235-0302
Source:
Crexi
Added: Oct 29
Changed: Nov 8
Last Checked: Nov 8 at 6:21PM
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 The McLeod Company
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Investment Insights
Based on property information with market context.
This two-unit duplex contains approximately 3,360 square feet across two stories on a 0.189-acre lot. Built in 2001, it has brick and stone veneer construction, a composition roof, and eight paved parking spaces. Interior features include open floor plans, central electric heating and cooling, carpet and ceramic tile flooring, and kitchens equipped with appliances.
At 1301 James Avenue in Waco, the property is near Baylor University and provides access to Downtown Waco and Interstate 35. The established residential area and surrounding amenities contribute to the property's setting. The reported capitalization rate is 6.65%.
At 1301 James Avenue in Waco, the property is near Baylor University and provides access to Downtown Waco and Interstate 35. The established residential area and surrounding amenities contribute to the property's setting. The reported capitalization rate is 6.65%.
Key Highlights
- Two‑unit duplex with approximately 3,360 square feet
- 0.189‑acre lot
- Built in 2001 with brick and stone veneer exterior construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,106
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$582,120
$582.1K
Cap Rate 7%
$415,800
$415.8K
Cap Rate 9%
$323,400
$323.4K
Market Conditions
NOI Build-Up for 3,360 SF
Gross rent
$45.6K $13.56/SF
− Vacancy
−$4.0K −$1.19/SF
EGI
$41.6K $12.37/SF
− OpEx
−$12.5K −$3.71/SF
NOI
$29.1K $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%
$582,120
Cap Rate 7%
$415,800
Cap Rate 9%
$323,400
Alternative Uses
Best Use
Multifamily LT 5
$415.8K
$363.8K – $485.1K
NOI $29,106 @ 7.0% cap · market cap 3.42%
Second Best
Apartment 5plus
$382.6K
$334.8K – $446.4K
NOI $26,781 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$886.5K
$775.7K – $1.03M
NOI $62,052 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
505
Businesses Nearby
Explore this area
Business Placement
Demographics for 76706, TX
39,303
Population
16,600
Households
2.4
Avg Household Size
27
Median Age
23%
College-Educated
85%
High-School Grad
72.3 sq mi
ZIP Area
544
Density / Sq Mi
$42,277
Median Household Income
$23,954
Median Earnings
$1,063
Median Rent
$180,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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-story rental property with central electric heating and cooling, kitchens with appliances, and paved on-site parking.
Where is this duplex located?
The property is located at 1301 JAMES AVE Waco, TX.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two‑unit duplex with approximately 3,360 square feet; 0.189‑acre lot; Built in 2001 with brick and stone veneer exterior construction
