Duplex Near
For Sale
$350,000
1425 Daughtrey Avenue, Waco, TX 76706
Two matching residences offer private layouts with central air, appliance packages, and durable exterior construction.
Property Size1,815 SF
Price / SF$192.84
Days on Market1039
Property Features for 1425 Daughtrey Avenue
General Information
Standard status
Active
Size
1,815 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/2.5BA
Multifamily Units
2
Additional Details
Average Monthly Rent
$1,200
Taxes and HOA fees
Annual Taxes
$4,737
Amenities
Central Air, Electric
3
Dishwasher, Washer, Dryer, Disposal, Refrigerator
Double Pane
Composition
R-2
Parking. Waterfront.
Paved Driveway, No Parking, Lot.
Frame, Brick Trim/Veneer
Rain Gutters.
Building Details
Year Built
2004
Listing Agency:
(254) 741-1500
Listed By:
Campus
(254) 640-4144
Source:
Xome
Added: Oct 29, 2023
Changed: Aug 31
Last Checked: Aug 31 at 1:41PM
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 Campus
Investment Insights
Based on property information with market context.
Built in 2004, this duplex contains two residences with 2 bedrooms and 2.5 bathrooms on each side. The units include sizable bedrooms and closets, central air with electric service, double-pane windows, and a practical appliance package with dishwashers, washers, dryers, disposals, and refrigerators.
The property is situated in the Baylor Bubble and carries R-2 zoning. Exterior construction combines frame construction with brick trim or veneer, while the composition roof includes rain gutters. A paved driveway serves the lot.
The property is situated in the Baylor Bubble and carries R-2 zoning. Exterior construction combines frame construction with brick trim or veneer, while the composition roof includes rain gutters. A paved driveway serves the lot.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 2.5 bathrooms on each side
- 1,815 SF property built in 2004
- Located in the Baylor Bubble
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
$15,722
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
4.49%
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%
$314,440
$314.4K
Cap Rate 7%
$224,600
$224.6K
Cap Rate 9%
$174,689
$174.7K
Market Conditions
NOI Build-Up for 1,815 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
$24.6K $13.56/SF
− Vacancy
−$2.2K −$1.19/SF
EGI
$22.5K $12.37/SF
− OpEx
−$6.7K −$3.71/SF
NOI
$15.7K $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%
$314,440
Cap Rate 7%
$224,600
Cap Rate 9%
$174,689
Alternative Uses
Best Use
Multifamily LT 5
$224.6K
$196.5K – $262.0K
NOI $15,722 @ 7.0% cap · market cap 4.49%
Second Best
Apartment 5plus
$206.7K
$180.8K – $241.1K
NOI $14,466 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$478.8K
$419.0K – $558.7K
NOI $33,519 @ 7.0% cap · market cap 9.58%
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
427
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 - Two matching residences offer private layouts with central air, appliance packages, and durable exterior construction.
Where is this duplex located?
The property is located at 1425 Daughtrey Avenue Waco, TX.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 2.5 bathrooms on each side; 1,815 SF property built in 2004; Located in the Baylor Bubble
