Almost New
New
For Sale
$264,900
1619 N 12th Street, Waco, TX 76707
Almost new duplex built in 2020 with two identical 3-bedroom, 1-bath units and smart home setup.
Property Size1,676 SF
Price / SF$158.05
Days on Market3
Property Features for 1619 N 12th Street
General Information
Standard status
Active
Size
1,676 SF
Property subtype
Duplex
Amenities
smart home technology
energy-efficient features
Building Details
Building Size
1,676 SF
Year Built
2020
Buildings
1
Tenancy
Multi
Listing Agency:
Premier, REALTORS
(254) 855-4455
Listed By:
Eric Zadnik · License #475183
Source:
Whitelabelrealty
Added: Jul 30
Changed: Jul 31
Last Checked: Jul 31 at 4:19AM
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 Premier, REALTORS
Investment Insights
Based on property information with market context.
Almost new duplex built in 2020, offering two identical residential units designed for flexible living and leasing. Each unit is 838 SF and features three bedrooms and one bathroom, with modern amenities throughout.
The property is described as energy-efficient, with energy-saving features and appliances intended to help reduce utility costs. Both units are fully set up for smart home technology, supporting convenient day-to-day control.
Whether you plan to live in one unit and rent the other or lease both, the duplex configuration provides two separate living spaces within a newer build.
The property is described as energy-efficient, with energy-saving features and appliances intended to help reduce utility costs. Both units are fully set up for smart home technology, supporting convenient day-to-day control.
Whether you plan to live in one unit and rent the other or lease both, the duplex configuration provides two separate living spaces within a newer build.
Key Highlights
- Built in 2020
- Two identical units in a duplex layout
- Each unit features three bedrooms and one bathroom
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 | $22.7k | $13.56 |
| − Vacancy | −$2.0k | −$1.19 |
| EGI | $20.7k | $12.37 |
| − OpEx | −$6.2k | −$3.71 |
| NOI | $14.5k | $8.66 |
1,676 SF · lease $13.56/SF/yr · vacancy 8.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$207.4K
$181.5K – $242.0K
NOI $14,518 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$190.8K
$167.0K – $222.6K
NOI $13,358 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$442.2K
$386.9K – $515.9K
NOI $30,952 @ 7.0% cap · market cap 11.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,704
Businesses Nearby
Explore this area
Business Placement
Demographics for 76707, TX
16,227
Population
6,678
Households
2.4
Avg Household Size
31
Median Age
15%
College-Educated
76%
High-School Grad
3.3 sq mi
ZIP Area
4,917
Density / Sq Mi
$38,208
Median Household Income
$27,124
Median Earnings
$1,055
Median Rent
$113,600
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 - Almost new duplex built in 2020 with two identical 3-bedroom, 1-bath units and smart home setup.
Where is this duplex located?
The property is located at 1619 N 12th Street Waco, TX.
What is the asking price?
The asking price for this property is $264,900.
What are key features of this property?
This property features: Built in 2020; Two identical units in a duplex layout; Each unit features three bedrooms and one bathroom
