2-Unit Duplex with Upstairs
New
For Sale
$569,900
1301 Wood Avenue A & B, Waco, TX 76706
Each residence has its own laundry, updated kitchen and bathroom, and access to a fenced outdoor area.
Property Size2,136 SF
Days on Market2
Property Features for 1301 Wood Avenue A & B
General Information
Standard status
Active
Size
2,136 SF
Property subtype
Duplex
Financials
Gross Income
$43,200
Average Monthly Rent
$1,800
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$7,490
Amenities
in-unit laundry
fenced backyard
balcony
ample parking
alley access
Building Details
Building Size
2,136 SF
Year Built
2000
Buildings
1
Listing Agency:
Bramlett Partners
Listed By:
Catt Longoria · License #0730271
(254) 640-6443
Source:
Whitelabelrealty
Added: Nov 3
Last Checked: Nov 3 at 2:54PM
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 Bramlett Partners
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.
This duplex, built in 2000, contains two separate residences, each with 2 bedrooms and 2 full bathrooms. Both have open living areas, updated kitchens and bathrooms, and in-unit laundry. The property also includes an upstairs balcony, a fenced backyard, parking, and alley access.
Baylor University is within walking distance. The property is eligible for both short-term and long-term rentals and is currently leased as a two-unit property. Partial furnishing is an available option for a sale.
Baylor University is within walking distance. The property is eligible for both short-term and long-term rentals and is currently leased as a two-unit property. Partial furnishing is an available option for a sale.
Key Highlights
- Two separate units, each with 2 bedrooms and 2 full bathrooms
- Built in 2000
- Updated kitchens and bathrooms; in‑unit laundry in both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,503
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,060
$370.1K
Cap Rate 7%
$264,329
$264.3K
Cap Rate 9%
$205,589
$205.6K
Market Conditions
NOI Build-Up for 2,136 SF
Gross rent
$29.0K $13.56/SF
− Vacancy
−$2.5K −$1.19/SF
EGI
$26.4K $12.37/SF
− OpEx
−$7.9K −$3.71/SF
NOI
$18.5K $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%
$370,060
Cap Rate 7%
$264,329
Cap Rate 9%
$205,589
Alternative Uses
Best Use
Multifamily LT 5
$264.3K
$231.3K – $308.4K
NOI $18,503 @ 7.0% cap · market cap 3.25%
Second Best
Apartment 5plus
$243.2K
$212.8K – $283.8K
NOI $17,025 @ 7.0% cap · market cap 2.99%
Theoretical Best
Office A
$563.5K
$493.1K – $657.5K
NOI $39,448 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
487
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own laundry, updated kitchen and bathroom, and access to a fenced outdoor area.
Where is this duplex located?
The property is located at 1301 Wood Avenue A & B Waco, TX.
What is the asking price?
The asking price for this property is $569,900.
What are key features of this property?
This property features: Two separate units, each with 2 bedrooms and 2 full bathrooms; Built in 2000; Updated kitchens and bathrooms; in‑unit laundry in both residences
