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Furnished Duplex with Leased Units
New
For Sale
$450,000

1621 Alexander Avenue, Waco, TX 76708

ResidentialIncome, Waco, TX

Property SizeContact for details
Lot Size0.19 Acres
Days on Market2

Property Features for 1621 Alexander Avenue

General Information

Property type Residential Multi Family
Property subtype Duplex
Parking 2
Parking features Assigned
Interior features GraniteCounters, HighSpeedInternet
Appliances Dryer, ElectricRange, IceMaker, Microwave, Refrigerator, Washer
Subdivision Farwell Heights
Elementary school Cedar Ridge
Middle school GW Carver
High school Waco
Elementary school district Waco ISD
Middle school district Waco ISD
High school district Waco ISD
Directions GPS
Standard status Active
APN 480176000593010
Lot size 0.19 Acres

Taxes and HOA fees

Tax Description FARWELL HTS LOT 9 BLOCK 61 ACRES 0.1894
Tax Annual Amount 6593
Legal Description FARWELL HTS LOT 9 BLOCK 61 ACRES 0.1894

Utilities

Sewer type Public Sewer
Heating system Central, Electric (Heating)
Cooling system Ceiling Fan(s), Central Air, Electric
Water source Public

Building Details

Year built 2022
Floors in Building 1
Number of units 2
Flooring type Concrete
Building materials Brick, Frame, Rock, Stone
Roof type Composition
Listing Agency: Coldwell Banker Apex, REALTORS
Listed By: Jordan Alders · License #0650436
Added: Sep 9 Changed: Sep 10 Last Checked: Sep 10 at 4:06PM
MLS# 21381866

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.

Built in 2022, this duplex contains two furnished residences, each arranged with three bedrooms and two bathrooms across more than 1,000 square feet. Both units include beds, refrigerators, washers, dryers, electric ranges, microwaves, and ice makers. Interior features include granite counters and high-speed internet, while central air, electric heating, and ceiling fans support year-round comfort. Assigned parking is provided.

Both residences are currently leased. The property occupies 0.189 acres in Waco and is served by public water and public sewer. Additional physical features include concrete flooring and a composition roof.

Key Highlights

  • Two furnished duplex units, each with 3 bedrooms and 2 bathrooms
  • Each residence offers more than 1,000 square feet of living space
  • Built in 2022 with both units currently leased

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Hair Salon Nail Salon HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

241
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two furnished three-bedroom units feature modern layouts, essential appliances, and current leases.
Where is this duplex located?
The property is located at 1621 Alexander Avenue Waco, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two furnished duplex units, each with 3 bedrooms and 2 bathrooms; Each residence offers more than 1,000 square feet of living space; Built in 2022 with both units currently leased
More about this property
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