Modern Two-Story
For Sale
$515,000
1801 19th Street, Waco, TX 76706
Each residence offers three en-suite bedrooms, upgraded kitchens, and covered outdoor living areas.
Property Size3,232 SF
Price / SF$159.34
Days on Market1052
Property Features for 1801 19th Street
General Information
Standard status
Active
Size
3,232 SF
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/3.5BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$651
Amenities
Central Air, Electric
3
Dishwasher, Microwave
Double Pane
Composition
Patio, Covered, Deck
R-2
Parking. Deck.
Paved Driveway, Lot.
Building Details
Year Built
2025
Buildings
1
Stories
2
Listing Agency:
White Label Realty
(254) 218-4220
Listed By:
Paloma Montes · License #0763840
(254) 205-4510
Source:
Xome
Added: Oct 16, 2023
Changed: Aug 31
Last Checked: Aug 31 at 12:55PM
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 White Label Realty
Investment Insights
Based on property information with market context.
Built in 2025, this two-story duplex contains 3,232 square feet across two residences, with 1,616 square feet per unit. Each side includes three bedrooms with walk-in closets, private en-suite bathrooms, and an additional half bath. The interiors feature upgraded kitchens with stainless steel appliances and granite islands, along with living and dining areas finished with LVP flooring. Central air, double-pane windows, and foam insulation are also provided.
The property is located at 1801 S 19th Street in Waco, less than 2 miles from Baylor University. Downtown Waco and The Silos are accessible from the property, and the surrounding area includes contemporary residential construction. A large paved parking area, covered patio, and deck add practical exterior amenities for residents.
The property is located at 1801 S 19th Street in Waco, less than 2 miles from Baylor University. Downtown Waco and The Silos are accessible from the property, and the surrounding area includes contemporary residential construction. A large paved parking area, covered patio, and deck add practical exterior amenities for residents.
Key Highlights
- Two‑unit duplex totaling 3,232 square feet
- Each unit measures 1,616 square feet and includes 3 bedrooms
- Built in 2025 with two‑story construction
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,997
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$559,940
$559.9K
Cap Rate 7%
$399,957
$400.0K
Cap Rate 9%
$311,078
$311.1K
Market Conditions
NOI Build-Up for 3,232 SF
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.
Gross rent
$43.8K $13.56/SF
− Vacancy
−$3.8K −$1.19/SF
EGI
$40.0K $12.37/SF
− OpEx
−$12.0K −$3.71/SF
NOI
$28.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$559,940
Cap Rate 7%
$399,957
Cap Rate 9%
$311,078
Alternative Uses
Best Use
Multifamily LT 5
$400.0K
$350.0K – $466.6K
NOI $27,997 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$368.0K
$322.0K – $429.3K
NOI $25,760 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$852.7K
$746.1K – $994.8K
NOI $59,689 @ 7.0% cap · market cap 11.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
501
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers three en-suite bedrooms, upgraded kitchens, and covered outdoor living areas.
Where is this duplex located?
The property is located at 1801 19th Street Waco, TX.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 3,232 square feet; Each unit measures 1,616 square feet and includes 3 bedrooms; Built in 2025 with two‑story construction
