Duplex with Upstairs
1301 Wood Ave Unit A & B, Waco, TX 76706
For Sale
$569,900
Two separately configured residences offer laundry inside each unit and rental flexibility near Baylor University.
Property Size2,136 SF
Price / SF$266.81
Days on Market87
Property Features for 1301 Wood Ave Unit A & B
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Bramlett Partners
Listed By:
Catt Longoria · License #0730271
(254) 640-6443
Source:
Easttxhomesforsale
Added: Aug 15
Changed: Nov 1
Last Checked: Nov 8 at 7:19AM
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
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Investment Insights
Based on property information with market context.
Built in 2000, this 2,136-square-foot duplex contains two independent units, each with two bedrooms and two full bathrooms. The interiors include open living areas, updated kitchens and baths, and in-unit laundry. An upstairs balcony, fenced backyard, parking, and alley access add to the property’s physical features. Both units are currently leased, and the property is eligible for short- and long-term rentals.
Baylor University is within walking distance. The two-unit layout provides separate living spaces, with each residence configured as a two-bedroom, two-bathroom unit.
Baylor University is within walking distance. The two-unit layout provides separate living spaces, with each residence configured as a two-bedroom, two-bathroom unit.
Key Highlights
- 2,136‑square‑foot duplex built in 2000
- Two units, each with 2 bedrooms and 2 full bathrooms
- Currently leased; eligible for short- and long‑term rentals
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
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
$180,600
Median Home Value
Market
Average Price Trend$/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 separately configured residences offer laundry inside each unit and rental flexibility near Baylor University.
Where is this duplex located?
The property is located at 1301 Wood Ave Unit 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: 2,136‑square‑foot duplex built in 2000; Two units, each with 2 bedrooms and 2 full bathrooms; Currently leased; eligible for short- and long‑term rentals
