Duplex with Fenced
1309 Wood Ave, Waco, TX 76706
For Sale
$749,800
Two open-concept residences offer vaulted ceilings, equipped kitchens, private outdoor space, and convenient access to Baylor University.
Property Size2,800 SF
Price / SF$267.79
Days on Market99
Property Features for 1309 Wood Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
fenced backyard
patio
fire pit
outdoor table and chairs
Building Details
Year Built
Buildings
Listing Agency:
Graceland Real Estate
Listed By:
Kyra Estrada · License TX #0778730
(254) 772-7788
Source:
Northtexashomeguide
Added: Aug 6
Changed: Oct 31
Last Checked: Oct 5 at 6:57PM
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 Graceland Real Estate
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Investment Insights
Based on property information with market context.
Built in 2006, this duplex contains two residences with four bedrooms and two bathrooms per unit, totaling 8 bedrooms and 4 bathrooms. Both interiors use open-concept layouts with vaulted ceilings, equipped kitchens, and islands that provide additional storage. Each residence also has access to a private fenced backyard with a patio, fire pit, and outdoor table and chairs.
The property includes a paved driveway with 8 parking spaces. Located at 1309 Wood Avenue in Waco, the duplex offers access to Baylor University and downtown Waco, along with nearby restaurants, shopping, and entertainment.
The property includes a paved driveway with 8 parking spaces. Located at 1309 Wood Avenue in Waco, the duplex offers access to Baylor University and downtown Waco, along with nearby restaurants, shopping, and entertainment.
Key Highlights
- Two‑unit property with 4 bedrooms and 2 bathrooms per residence
- Total of 8 bedrooms and 4 bathrooms
- Open‑concept interiors with vaulted ceilings and equipped kitchens
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,255
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$485,100
$485.1K
Cap Rate 7%
$346,500
$346.5K
Cap Rate 9%
$269,500
$269.5K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$38.0K $13.56/SF
− Vacancy
−$3.3K −$1.19/SF
EGI
$34.6K $12.37/SF
− OpEx
−$10.4K −$3.71/SF
NOI
$24.3K $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%
$485,100
Cap Rate 7%
$346,500
Cap Rate 9%
$269,500
Alternative Uses
Best Use
Multifamily LT 5
$346.5K
$303.2K – $404.3K
NOI $24,255 @ 7.0% cap · market cap 3.23%
Second Best
Apartment 5plus
$318.8K
$279.0K – $372.0K
NOI $22,317 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$738.7K
$646.4K – $861.8K
NOI $51,710 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
487
Businesses Nearby
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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
$180,600
Median Home Value
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Market
Average Price Trend$/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 open-concept residences offer vaulted ceilings, equipped kitchens, private outdoor space, and convenient access to Baylor University.
Where is this duplex located?
The property is located at 1309 Wood Ave Waco, TX.
What is the asking price?
The asking price for this property is $749,800.
What are key features of this property?
This property features: Two‑unit property with 4 bedrooms and 2 bathrooms per residence; Total of 8 bedrooms and 4 bathrooms; Open‑concept interiors with vaulted ceilings and equipped kitchens
