Two-Unit
For Sale
$225,000
1704 Ethel Avenue B, Waco, TX 76707
The property contains an upper residence and a lower residence, each with a one-bedroom, one-bathroom layout.
Property Size1,232 SF
Days on Market12
Property Features for 1704 Ethel Avenue B
General Information
Standard status
Active
Size
1,232 SF
Property subtype
Duplex
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$944
Building Details
Building Size
1,232 SF
Year Built
1920
Listing Agency:
Keller Williams Realty, Waco
Listed By:
Jonathon Villaescusa · License #0820265
(562) 652-7667
Source:
Whitelabelrealty
Added: Oct 2
Changed: Oct 10
Last Checked: Oct 12 at 11:34PM
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 Keller Williams Realty, Waco
Investment Insights
Based on property information with market context.
Built in 1920, this duplex contains two one-bedroom, one-bathroom residences, with one unit upstairs and the other downstairs. Interior renovations have been completed, and both units have mini-split heating and cooling systems. Tenants are currently in place.
Key Highlights
- Two 1‑bedroom, 1‑bath units, one upstairs and one downstairs
- Mini‑split systems provide heating and cooling in both units
- Built in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,672
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$213,440
$213.4K
Cap Rate 7%
$152,457
$152.5K
Cap Rate 9%
$118,578
$118.6K
Market Conditions
NOI Build-Up for 1,232 SF
Gross rent
$16.7K $13.56/SF
− Vacancy
−$1.5K −$1.19/SF
EGI
$15.2K $12.37/SF
− OpEx
−$4.6K −$3.71/SF
NOI
$10.7K $8.66/SF
Area
Waco, TX
Vacancy
8.74%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$213,440
Cap Rate 7%
$152,457
Cap Rate 9%
$118,578
Alternative Uses
Best Use
Multifamily LT 5
$152.5K
$133.4K – $177.9K
NOI $10,672 @ 7.0% cap · market cap 4.74%
Second Best
Apartment 5plus
$140.3K
$122.8K – $163.7K
NOI $9,820 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$325.0K
$284.4K – $379.2K
NOI $22,753 @ 7.0% cap · market cap 10.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
690
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 - The property contains an upper residence and a lower residence, each with a one-bedroom, one-bathroom layout.
Where is this duplex located?
The property is located at 1704 Ethel Avenue B Waco, TX.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two 1‑bedroom, 1‑bath units, one upstairs and one downstairs; Mini‑split systems provide heating and cooling in both units; Built in 1920
