1617 Cumberland Avenue Waco, TX 76708
MULTI_FAMILY - Waco, TX
- Added:
- Jul 13, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 14 at 6:06 am
Property Features for 1617 Cumberland Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 6, Bedroom 5, Bathroom 3, Bathroom 4, Bedroom 2, Bedroom 4, Bedroom 3, Bathroom 2
- Parking
- 6
- Security features
- Security
- Patio and Porch features
- Porch
- Interior features
- DecorativeDesignerLightingFixtures, GraniteCounters, OpenFloorplan
- Appliances
- ElectricWaterHeater
- Standard status
- Active
- APN
- 480230310001010
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Description
- 1617 CUMBERLAND LOT 1 BLOCK 1 ACRES .284
- Tax Annual Amount
- 7962
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric, Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 2023
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Paintedstained, Concrete
- Building materials
- Brick
- Roof type
- Composition, Shingle
Listing agent Anel Perales License #651652 (254) 218-4220
Listing office EG Realty Waco, TX (254) 218-4220
Listing date Jul 13, 2026
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.
The property is located at 1617 Cumberland Avenue in Waco, TX, in McLennan County. It benefits from alley access, which can simplify vehicle movement and improve practical access to the rear of the duplex.
For investors and buyers seeking a turnkey option, the duplex is currently leased through the end of the year, supporting immediate rental income. The combination of newer construction, individual patio space, and manageable parking/access layout can appeal to tenants who want separation and convenience, while giving owners a straightforward duplex ownership experience.
Key Highlights
- Newer 2023 brick‑and‑stone duplex with central heating and central air
- Each side offers 1,282 SF with 3 bedrooms and 2 bathrooms
- Open floorplan with stained concrete flooring, recessed lighting, and granite countertops
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 |
