Updated Triplex with 9
For Sale
$759,500
1708 S 9th Street, Waco, TX 76706
ResidentialIncome, Waco, TX
Property Size4,399 SF
Lot Size0.21 Acres
Price / SF$172.65
Days on Market92
Property Features for 1708 S 9th Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
9
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 4, Bathroom 6, Bedroom 8, Bathroom 4, Bedroom 9, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 5, Bedroom 2, Bedroom 7, Bathroom 2, Bathroom 5, Bathroom 1, Bedroom 6
Parking
9
Parking features
Off Street
Security features
Security
Interior features
GraniteCounters, OpenFloorplan, CableTv
Fencing
Fenced
Appliances
Dryer, Dishwasher, ElectricCooktop, ElectricOven, ElectricRange, ElectricWaterHeater, Disposal, Microwave, Refrigerator, Washer
Subdivision
48BAYLRB.1
Lot features
Cleared
Elementary school
South Waco
Middle school
Cesar Chavez
High school
University
Elementary school district
Waco ISD
Middle school district
Waco ISD
High school district
Waco ISD
Directions
Take Exit 334 - 17th & 18th St (US-77). Turn left onto S. 17th St. Drive approximately 0.8 miles to Bagby Ave, turn right. Continue on Bagby Ave for about 0.3 miles, then turn left onto S. 9th St. Continue to 1708 S. 9th St, which will be on your left in the Baylor University area.
Standard status
Active
APN
161971
Size
4,399 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Description
BAGBY Lot 12 Block 7 Acres .2066
Legal Description
BAGBY Lot 12 Block 7 Acres .2066
Utilities
Sewer type
Public Sewer
Heating system
Zoned, Central
Cooling system
Central Air, Multi Units, Ceiling Fan(s), Electric
Water source
Public
Building Details
Year built
2000
Floors in Building
2
Number of units
3
Flooring type
Concrete, Carpet
Building materials
Brick
Roof type
Composition
Buildings
1
Listing Agency:
Paramount Realty & Management
Listed By:
Mary Rodriguez · License #0744946
(254) 855-4908
Added: Aug 5
Changed: Nov 3
Last Checked: Nov 4 at 4:06AM
MLS# 21350650
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.
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Investment Insights
Based on property information with market context.
This 4,399-square-foot triplex, built in 2000, contains three residential units with a consistent three-bedroom, two-bathroom configuration. The interiors include open floor plans, granite countertops, carpet and concrete flooring, and updated finishes. Each residence is equipped with a kitchen appliance package that includes an electric cooktop, oven, range, dishwasher, microwave, refrigerator, disposal, and electric water heater, along with a washer and dryer. Central heating and cooling serve the property, with zoned heating and multiple cooling units noted. Brick construction, a composition roof, fencing, public water, and public sewer complete the core property improvements.
The property is located at 1708 S 9th Street in Waco, within the area surrounding Baylor University. Downtown Waco, Magnolia Market at the Silos, shopping, dining, and coffee shops are identified nearby. Off-street parking provides on-site vehicle accommodation, while the three-unit layout creates a defined residential income property configuration.
The property is located at 1708 S 9th Street in Waco, within the area surrounding Baylor University. Downtown Waco, Magnolia Market at the Silos, shopping, dining, and coffee shops are identified nearby. Off-street parking provides on-site vehicle accommodation, while the three-unit layout creates a defined residential income property configuration.
Key Highlights
- Three units, each with 3 bedrooms and 2 full bathrooms
- 4,399 square feet on 0.2066 acres
- Updated interiors with granite countertops and open floor plans
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,106
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$762,120
$762.1K
Cap Rate 7%
$544,371
$544.4K
Cap Rate 9%
$423,400
$423.4K
Market Conditions
NOI Build-Up for 4,399 SF
Gross rent
$59.7K $13.56/SF
− Vacancy
−$5.2K −$1.19/SF
EGI
$54.4K $12.37/SF
− OpEx
−$16.3K −$3.71/SF
NOI
$38.1K $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%
$762,120
Cap Rate 7%
$544,371
Cap Rate 9%
$423,400
Alternative Uses
Best Use
Multifamily LT 5
$544.4K
$476.3K – $635.1K
NOI $38,106 @ 7.0% cap · market cap 5.02%
Second Best
Apartment 5plus
$500.9K
$438.3K – $584.4K
NOI $35,062 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$1.16M
$1.02M – $1.35M
NOI $81,241 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
682
Businesses Nearby
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Business Placement
Demographics for 76706, TX
39,303
Population
16,600
Households
2.4
Avg Household Size
27
Median Age
23%
College-Educated
85%
High-School Grad
72.3 sq mi
ZIP Area
544
Density / Sq Mi
$42,277
Median Household Income
$23,954
Median Earnings
$1,063
Median Rent
$180,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three updated three-bedroom residences provide six bathrooms, functional layouts, and shared access to off-street parking.
Where is this triplex located?
The property is located at 1708 S 9th Street Waco, TX.
What is the asking price?
The asking price for this property is $759,500.
What are key features of this property?
This property features: Three units, each with 3 bedrooms and 2 full bathrooms; 4,399 square feet on 0.2066 acres; Updated interiors with granite countertops and open floor plans
