Residential Income
New
For Sale
$350,000
1401 Chapel Ridge Road, Waco, TX 76712
MULTI_FAMILY - Waco, TX
Property Size1,200 SF
Lot Size0.20 Acres
Price / SF$291.67
Days on Market5
Property Features for 1401 Chapel Ridge Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 3
Parking
4
Parking features
Alley, Covered, Carport
Interior features
CableTv
Fireplace
1
Appliances
Dishwasher
Subdivision
Chapel Acres Estate
Elementary school
Chapel Park
Middle school
River Valley
High school
Midway
Elementary school district
Midway ISD
Middle school district
Midway ISD
High school district
Midway ISD
Directions
Chapel Road to Chapel Ridge. Take right. 5th property(duplex) on left.
Standard status
Active
APN
360089070077033
Lot size
0.20 Acres
Taxes and HOA fees
Tax Description
CHAPEL ACRES EST LOT 14C BLOCK E ACRES .202
Tax Annual Amount
6087
Legal Description
CHAPEL ACRES EST LOT 14C BLOCK E ACRES .202
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Attic Fan, Electric
Water source
Public
Building Details
Year built
1984
Floors in Building
1
Number of units
2
Flooring type
Carpet, Tile
Building materials
StoneVeneer
Roof type
Asphalt
Listing Agency:
JA Group Companies
(254) 776-1296
Listed By:
Charles Johnson · License #0218916
(254) 776-1296
Added: Jul 29
Changed: Jul 31
Last Checked: Aug 2 at 4:06AM
MLS# 21342579
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale residential income duplex is located at 1401 Chapel Ridge Road in Waco, Texas (76712). The property is classified as a duplex and multifamily residential income asset, with a lot size of 0.202 acres.
The offering is listed under transaction type “For Sale” in McLennan County. With limited additional details provided, buyers and tenants should plan to review the property directly to confirm the interior configuration, condition, and any unit-specific features prior to moving forward.
The offering is listed under transaction type “For Sale” in McLennan County. With limited additional details provided, buyers and tenants should plan to review the property directly to confirm the interior configuration, condition, and any unit-specific features prior to moving forward.
Key Highlights
- Central heating with electric (heating) system and central air with electric cooling, plus an attic fan
- Fireplace present and stone veneer construction
- Roof is asphalt; flooring includes carpet and tile
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $16.3k | $13.56 |
| − Vacancy | −$1.4k | −$1.19 |
| EGI | $14.8k | $12.37 |
| − OpEx | −$4.5k | −$3.71 |
| NOI | $10.4k | $8.66 |
1,200 SF · lease $13.56/SF/yr · vacancy 8.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$148.5K
$129.9K – $173.3K
NOI $10,395 @ 7.0% cap · market cap 2.97%
Second Best
Apartment 5plus
$136.6K
$119.6K – $159.4K
NOI $9,565 @ 7.0% cap · market cap 2.73%
Theoretical Best
Office A
$316.6K
$277.0K – $369.4K
NOI $22,162 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18,000 VPD
Traffic count
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
Explore this area
Business Placement
Demographics for 76712, TX
27,800
Population
11,704
Households
2.4
Avg Household Size
41
Median Age
49%
College-Educated
96%
High-School Grad
52.4 sq mi
ZIP Area
531
Density / Sq Mi
$96,267
Median Household Income
$56,879
Median Earnings
$1,333
Median Rent
$302,100
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 - For-sale duplex located at 1401 Chapel Ridge Road on a 0.202-acre lot in Waco, Texas.
Where is this duplex located?
The property is located at 1401 Chapel Ridge Road 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: Central heating with electric (heating) system and central air with electric cooling, plus an attic fan; Fireplace present and stone veneer construction; Roof is asphalt; flooring includes carpet and tile
