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    Brand-New Duplex Investment Lot Title is generated by Realmo AI

    1517 Travis Street, Bellmead, TX 76705

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    Claim this Listing
    New
    For Sale
    $849,900

    MULTI_FAMILY - Bellmead, TX

    Lot size:
    0.60 Acres
    Added:
    Jun 2, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 6 at 5:06 am

    Property Features for 1517 Travis Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Bedrooms
    12
    Bathrooms
    8
    Rooms
    Bedroom 11, Bathroom 6, Bedroom 7, Bathroom 7, Bathroom 1, Bedroom 8, Bedroom 12, Bedroom 4, Bedroom 1, Bedroom 5, Bathroom 4, Bathroom 5, Bedroom 9, Bedroom 2, Bedroom 6, Bathroom 2, Bedroom 10, Bedroom 3, Bathroom 3, Bathroom 8
    Parking
    10
    Parking features
    Parking Lot, Driveway, Garage
    Interior features
    GraniteCounters, Pantry
    Appliances
    Dishwasher, ElectricRange, ElectricWaterHeater, Refrigerator
    Standard status
    Active
    APN
    280150000046000
    Lot size
    0.60 Acres

    Taxes and HOA fees

    Tax Description
    FANNIN LOT 9 10 BLOCK 3 ACRES .3444
    Tax Annual Amount
    265

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    2026
    Floors in Building
    1
    Number of units
    4
    Flooring type
    Vinyl
    Building materials
    FiberCement
    Roof type
    Composition

    We can help!

    Listing Contact
    Brandon Cope

    Listing agent Brandon Cope License #535049

    Listing office Weichert, Realtors - The Eastland Group Waco, TX

    Listing date Jun 2, 2026

    MLS# 21286117 Listing URL

    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.

    HighLights

    • Under construction (2026) two duplexes on one lot at 1517 Travis Street in Waco
    • Four total units, each with 3 bedrooms and 2 bathrooms (12 bedrooms, 8 bathrooms total)
    • Each unit includes an open‑concept layout with granite countertops and a refrigerator
    • Laundry hookups in each unit plus dishwasher and electric range included
    • 30‑year composition roof, fiber cement exterior, central electric heating and central A/C
    • Rear paved parking for residents with garage and driveway parking; public water and public sewer

    Overview

    This for-sale property consists of two brand-new duplexes on a single lot, totaling four residential units. Each unit offers a 3-bedroom, 2-bath open-concept layout designed to support straightforward, tenant-friendly living. Interior finishes and amenities include granite countertops, a refrigerator, and laundry hookups.

    The property is located at 1517 Travis Street in Bellmead, TX, in McLennan County. The exterior includes fully sodded yards, and residents benefit from convenient rear paved parking.

    For investors or buyers seeking a turnkey rental setup, the configuration provides immediate multi-unit income potential across four separate homes. With identical layouts between the duplexes and durable long-life improvements such as a 30-year composition roof, the offering is positioned for buyers looking to manage a cohesive asset with a modern standard of finish.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Auto Repair Shop Big Box & Wholesale Store Auto Parts Store Tattoo & Piercing Shop Coworking & Hybrid Office

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bellmead
    County
    McLennan
    State
    Texas
    Longitude
    -97.078256
    Latitude
    31.622731

    Nearby Similar for Sale

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    • $650,000

      Specialty Commercial Property

      For sale specialty commercial property on Harrison Street in Bellmead, offering development potential on 0.5-acre lot.
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    • $274,900

      Retail Building with Parking

      Retail building on Bellmead Dr. behind Sam’s Club, with front and back parking and a recently replaced roof.
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    FAQs

    What type of property is this?
    Quadplex - Two newly built duplexes on one lot provide four income units with modern interiors and convenient resident parking.
    Where is this quadplex located?
    The property is located at 1517 Travis Street Bellmead, TX.
    What is the asking price?
    The asking price for this property is $849,900.
    What are key features of this property?
    This property features: Under construction (2026) two duplexes on one lot at 1517 Travis Street in Waco; Four total units, each with 3 bedrooms and 2 bathrooms (12 bedrooms, 8 bathrooms total); Each unit includes an open‑concept layout with granite countertops and a refrigerator
    (254) 235-5015
    We can help!
    Listing Contact
    Brandon Cope
    Real Estate License ID: 535049
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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