1617 Cumberland Avenue Waco, TX 76708
Newer duplex with modern finishes, leased for immediate income.
- 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 (254) 644-5508
Listing date Apr 13, 2026
Source Compass
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Investment Insights
Based on property information with market context.
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 |