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Newer Income-Producing Duplex For Sale

1617 Cumberland Avenue Waco, TX 76708

Claim this Listing
For Sale
$389,900

Newer duplex with modern finishes, leased for immediate income.

Type:Multi-Family / Full Duplex
Property size:
2,564 SF
Price / SF:
$152.07/SF
Added:
Apr 13, 2026
Days on Market:
93
Last Refresh:
Jul 4 at 10:51 pm

Property Features for 1617 Cumberland Avenue

General Information

Standard status
Active
Size
2,564 SF
Property subtype
Multi-Family / Full Duplex

Building Details

Year Built
2023

Listing office EG Realty

Listing date Apr 13, 2026

Source Compass

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 EG Realty


Investment Insights

Based on property information with market context.

This newer brick and stone income-producing duplex is designed for durability, efficiency, and long-term investment potential. Each side offers 1,282 sq. ft. of living space, featuring 3 bedrooms and 2 bathrooms with modern finishes. The open-concept layout includes stained concrete flooring and recessed lighting. The kitchen features granite countertops and custom cabinetry. The primary bathroom also includes granite countertops along with a tub shower combo. Each unit has its own private covered patio. There is parking for up to 6 vehicles along with alley access. The property is currently leased through the end of the year, making this a turnkey investment opportunity with immediate rental income.

Key Highlights

  • Turnkey investment: immediate rental income, currently leased through year‑end
  • Newer construction duplex (built in 2023) with brick and stone exterior
  • Each unit boasts 3 bedrooms and 2 bathrooms with 1,282 sq. ft. of living space and modern finishes

Local 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 $34.8k $13.56
− Vacancy −$3.0k −$1.19
EGI $31.7k $12.37
− OpEx −$9.5k −$3.71
NOI $22.2k $8.66
2,564 SF · lease $13.56/SF/yr · vacancy 8.74% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$317.3K
$277.6K – $370.2K (±1% cap)
NOI $22,210 @ 7.0% cap · market cap 5.70%
Second Best
Apartment 5plus
$291.9K
$255.5K – $340.6K (±1% cap)
NOI $20,436 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$676.5K
$591.9K – $789.2K (±1% cap)
NOI $47,352 @ 7.0% cap · market cap 12.14%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Law Firm Spa & Massage Center Parking Lot & Garage Electrical Service Building Supply Nail Salon Hair Salon Pharmacy (Bike/Boat/Book/etc) Store

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

FAQs

What type of property is this?
Duplex - Newer duplex with modern finishes, leased for immediate income.
Where is this duplex located?
The property is located at 1617 Cumberland Avenue Waco, TX.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Turnkey investment: immediate rental income, currently leased through year‑end; Newer construction duplex (built in 2023) with brick and stone exterior; Each unit boasts 3 bedrooms and 2 bathrooms with 1,282 sq. ft. of living space and modern finishes
Contact an agent
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