Three-Bedroom
For Sale
$420,000
137 Deana Drive 139, Waco, TX 76706
Both residences feature attached garages and privacy-fenced rear yards within Robinson ISD.
Property Size2,802 SF
Days on Market49
Property Features for 137 Deana Drive 139
General Information
Standard status
Active
Size
2,802 SF
Total Parking Spaces
4
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,250
Amenities
privacy fenced back yard
Building Details
Building Size
2,802 SF
Year Built
2006
Buildings
1
Listing Agency:
Bluebonnet Properties Inc.
Listed By:
Amber Rayborn · License #721005
(254) 776-3094
Source:
Whitelabelrealty
Added: Sep 4
Changed: Oct 20
Last Checked: Oct 21 at 6:03AM
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 Bluebonnet Properties Inc.
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Investment Insights
Based on property information with market context.
Built in 2006, this duplex includes two matching residences, each with 3 bedrooms, 2 baths, an attached 2-car garage, and a privacy-fenced backyard. The configuration provides separate living spaces with comparable features on each side.
The property is located within Robinson ISD. Unit 137 is leased from 12-1-2025 to 11-30-2026, while Unit 139 is leased from 3-1-2026 to 2-28-2027.
The property is located within Robinson ISD. Unit 137 is leased from 12-1-2025 to 11-30-2026, while Unit 139 is leased from 3-1-2026 to 2-28-2027.
Key Highlights
- Two residences, each with 3 bedrooms and 2 baths
- Attached 2‑car garage for each unit
- Privacy‑fenced backyard at each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,272
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$485,440
$485.4K
Cap Rate 7%
$346,743
$346.7K
Cap Rate 9%
$269,689
$269.7K
Market Conditions
NOI Build-Up for 2,802 SF
Gross rent
$38.0K $13.56/SF
− Vacancy
−$3.3K −$1.19/SF
EGI
$34.7K $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%
$485,440
Cap Rate 7%
$346,743
Cap Rate 9%
$269,689
Alternative Uses
Best Use
Multifamily LT 5
$346.7K
$303.4K – $404.5K
NOI $24,272 @ 7.0% cap · market cap 5.78%
Second Best
Apartment 5plus
$319.0K
$279.2K – $372.2K
NOI $22,333 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$739.2K
$646.8K – $862.5K
NOI $51,747 @ 7.0% cap · market cap 12.32%
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
22
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences feature attached garages and privacy-fenced rear yards within Robinson ISD.
Where is this duplex located?
The property is located at 137 Deana Drive 139 Waco, TX.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 baths; Attached 2‑car garage for each unit; Privacy‑fenced backyard at each residence
