Two-Unit Duplex with
New
For Sale
$215,000
3716 Ethel Avenue, Waco, TX 76707
Two 2-bedroom, 1-bath units each include fenced back yards, with HVAC provided by window units and wall heaters.
Days on Market6
Property Features for 3716 Ethel Avenue
General Information
Standard status
Active
Property subtype
Duplex
Additional Details
Fenced Yard
Yes
Multifamily Units
2
Building Details
Building Size
1,536 SF
Year Built
1951
Listing Agency:
CIF Real Estate Services, Inc.
(254) 752-5885
Listed By:
Matthew Stufflebeam · License #0550140
Source:
Whitelabelrealty
Added: Jul 26
Changed: Jul 27
Last Checked: Jul 30 at 10:50AM
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 CIF Real Estate Services, Inc.
Investment Insights
Based on property information with market context.
This two-unit duplex features two separate 2-bedroom, 1-bath layouts. Each unit has a fenced-in back yard, and both units are equipped with window units and wall mounted heaters. On the property’s 3716 side, there is also a 2-car garage located in the back yard.
The property has undergone recent improvements, including roof and electrical replacement in 2020. Major plumbing drain line replacement for both sides was completed within the last six months.
Both units are currently occupied by long-term tenants.
The property has undergone recent improvements, including roof and electrical replacement in 2020. Major plumbing drain line replacement for both sides was completed within the last six months.
Both units are currently occupied by long-term tenants.
Key Highlights
- Duplex built in 1951 with two 2‑bedroom, 1‑bath units, both currently rented with long‑term tenants
- 3716 side includes a 2‑car garage in the back yard
- Each unit has a fenced‑in back yard
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 | $20.8k | $13.56 |
| − Vacancy | −$1.8k | −$1.19 |
| EGI | $19.0k | $12.37 |
| − OpEx | −$5.7k | −$3.71 |
| NOI | $13.3k | $8.66 |
1,536 SF · lease $13.56/SF/yr · vacancy 8.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$190.1K
$166.3K – $221.8K
NOI $13,305 @ 7.0% cap · market cap 6.19%
Second Best
Apartment 5plus
$174.9K
$153.0K – $204.1K
NOI $12,243 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$405.2K
$354.6K – $472.8K
NOI $28,367 @ 7.0% cap · market cap 13.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
690
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two 2-bedroom, 1-bath units each include fenced back yards, with HVAC provided by window units and wall heaters.
Where is this duplex located?
The property is located at 3716 Ethel Avenue Waco, TX.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Duplex built in 1951 with two 2‑bedroom, 1‑bath units, both currently rented with long‑term tenants; 3716 side includes a 2‑car garage in the back yard; Each unit has a fenced‑in back yard
