New Construction Duplex
For Sale
$395,000
1536 Alexander Avenue Unit A & B, Waco, TX 76708
New construction duplex with two units, each offering three bedrooms and two-and-a-half baths with open-concept living.
Property Size2,756 SF
Price / SF$143.32
Days on Market113
Property Features for 1536 Alexander Avenue Unit A & B
General Information
Standard status
Active
Size
2,756 SF
Property subtype
Multi-Family / Full Duplex
Additional Details
Multifamily Units
2
Building Details
Year Built
2026
Listing Agency:
Anchor Realty
(254) 338-9671
Listed By:
Bailey Eickenloff · License #0790970
(254) 338-9671
Source:
Compass
Added: Apr 14
Changed: Jul 21
Last Checked: Aug 4 at 11:03AM
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 Anchor Realty
Investment Insights
Based on property information with market context.
New construction duplex featuring two separate units (Unit A & B). Each side includes three bedrooms and two-and-a-half bathrooms, supported by an open-concept living area designed for everyday use and entertaining. The kitchen is outfitted with granite countertops and a full appliance package.
The property is positioned in Waco, near Baylor as well as shopping and dining options.
Each unit’s layout includes three spacious bedrooms, and the configuration is intended to support both owner-occupancy and rental income.
The property is positioned in Waco, near Baylor as well as shopping and dining options.
Each unit’s layout includes three spacious bedrooms, and the configuration is intended to support both owner-occupancy and rental income.
Key Highlights
- New construction duplex built in 2026 with 2 units in a two‑story layout
- Each unit offers 3 bedrooms and 2.5 bathrooms with an open floorplan
- Granite counters and a pantry in each unit, with central heating and central A/C (electric)
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 | $37.4k | $13.56 |
| − Vacancy | −$3.3k | −$1.19 |
| EGI | $34.1k | $12.37 |
| − OpEx | −$10.2k | −$3.71 |
| NOI | $23.9k | $8.66 |
2,756 SF · lease $13.56/SF/yr · vacancy 8.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$341.1K
$298.4K – $397.9K
NOI $23,874 @ 7.0% cap · market cap 6.04%
Second Best
Apartment 5plus
$313.8K
$274.6K – $366.1K
NOI $21,966 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$727.1K
$636.2K – $848.3K
NOI $50,898 @ 7.0% cap · market cap 12.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
241
Businesses Nearby
Explore this area
Business Placement
Demographics for 76708, TX
28,499
Population
11,241
Households
2.5
Avg Household Size
35
Median Age
25%
College-Educated
85%
High-School Grad
48.1 sq mi
ZIP Area
592
Density / Sq Mi
$66,764
Median Household Income
$39,409
Median Earnings
$1,087
Median Rent
$204,600
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 - New construction duplex with two units, each offering three bedrooms and two-and-a-half baths with open-concept living.
Where is this duplex located?
The property is located at 1536 Alexander Avenue Unit A & B Waco, TX.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: New construction duplex built in 2026 with 2 units in a two‑story layout; Each unit offers 3 bedrooms and 2.5 bathrooms with an open floorplan; Granite counters and a pantry in each unit, with central heating and central A/C (electric)
