Two-Unit
For Sale
$245,000
1312 S 30th St, Waco, TX 76711
Two separate two-bedroom units offer an upstairs and downstairs configuration for residential income use.
Property Size1,630 SF
Price / SF$150.31
Days on Market650
Property Features for 1312 S 30th St
General Information
Standard status
Active
Size
1,630 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1950
Listing Agency:
Harrell Realty Company
Listed By:
Hunter Harrell · License #TX-619933
(254) 776-7599
Source:
Findtexashomesforsale
Added: Jan 2, 2025
Changed: Oct 1
Last Checked: Oct 12 at 8:16PM
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 Harrell Realty Company
Investment Insights
Based on property information with market context.
This duplex contains two residential units totaling 1,630 SF. The upper unit provides two bedrooms, one bathroom, and 660 SF, while the lower unit includes two bedrooms, one bathroom, and 700 SF. The property was built in 1950 and is configured as a compact two-unit income property.
Located on S. 30th Street in Waco, the property is near S. Valley Mills Drive, IH-35, shopping, and restaurants. The duplex may be acquired individually or as part of an investment package with other properties, as applicable to the buyer’s strategy.
Located on S. 30th Street in Waco, the property is near S. Valley Mills Drive, IH-35, shopping, and restaurants. The duplex may be acquired individually or as part of an investment package with other properties, as applicable to the buyer’s strategy.
Key Highlights
- Two‑unit duplex with 1,630 SF total
- Upper‑level 2BR/1BA unit measuring 660 SF
- Lower‑level 2BR/1BA unit measuring 700 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,120
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$282,400
$282.4K
Cap Rate 7%
$201,714
$201.7K
Cap Rate 9%
$156,889
$156.9K
Market Conditions
NOI Build-Up for 1,630 SF
Gross rent
$22.1K $13.56/SF
− Vacancy
−$1.9K −$1.19/SF
EGI
$20.2K $12.37/SF
− OpEx
−$6.1K −$3.71/SF
NOI
$14.1K $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%
$282,400
Cap Rate 7%
$201,714
Cap Rate 9%
$156,889
Alternative Uses
Best Use
Multifamily LT 5
$201.7K
$176.5K – $235.3K
NOI $14,120 @ 7.0% cap · market cap 5.76%
Second Best
Apartment 5plus
$185.6K
$162.4K – $216.5K
NOI $12,992 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$430.0K
$376.3K – $501.7K
NOI $30,103 @ 7.0% cap · market cap 12.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
446
Businesses Nearby
Explore this area
Business Placement
Demographics for 76711, TX
9,806
Population
4,143
Households
2.4
Avg Household Size
33
Median Age
17%
College-Educated
78%
High-School Grad
4.0 sq mi
ZIP Area
2,452
Density / Sq Mi
$52,617
Median Household Income
$33,989
Median Earnings
$1,314
Median Rent
$112,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate two-bedroom units offer an upstairs and downstairs configuration for residential income use.
Where is this duplex located?
The property is located at 1312 S 30th St Waco, TX.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,630 SF total; Upper‑level 2BR/1BA unit measuring 660 SF; Lower‑level 2BR/1BA unit measuring 700 SF
