Updated Triplex Near Baylor
For Sale
$825,000
1708 S 9th Street A B C, Waco, TX 76706
Three updated residences offer functional layouts near Baylor University and Downtown Waco.
Property Size4,399 SF
Price / SF$187.54
Days on Market68
Property Features for 1708 S 9th Street A B C
General Information
Standard status
Active
Size
4,399 SF
Property subtype
Triplex
Units
Unit Mix
3 x 3BR/2BA
Multifamily Units
3
Building Details
Year Built
2000
Listing Agency:
Paramount Realty & Management
(254) 855-4908
Listed By:
Mary Rodriguez · License #0744946
(254) 495-3898
Source:
Lonestarluxuryrealty
Added: Aug 8
Changed: Oct 13
Last Checked: Oct 12 at 7:04PM
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 Paramount Realty & Management
Investment Insights
Based on property information with market context.
Built in 2000, this triplex contains three separate residences totaling 4,399 square feet. Each unit includes three bedrooms, two full bathrooms, and comfortable living and dining areas. Interior updates provide modern finishes and move-in-ready condition across the property.
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, restaurants, coffee shops, and other community attractions are also nearby. Its proximity to campus and the broader Waco area supports residential use for tenants connected to the university or seeking access to nearby amenities.
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, restaurants, coffee shops, and other community attractions are also nearby. Its proximity to campus and the broader Waco area supports residential use for tenants connected to the university or seeking access to nearby amenities.
Key Highlights
- Triplex with 3 units totaling 4,399 square feet
- Each unit has 3 bedrooms and 2 full bathrooms
- Updated interiors with modern finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,106
Cap Rate
4.62%
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 4.62%
Second Best
Apartment 5plus
$500.9K
$438.3K – $584.4K
NOI $35,062 @ 7.0% cap · market cap 4.25%
Theoretical Best
Office A
$1.16M
$1.02M – $1.35M
NOI $81,241 @ 7.0% cap · market cap 9.85%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
682
Businesses Nearby
Explore this area
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three updated residences offer functional layouts near Baylor University and Downtown Waco.
Where is this triplex located?
The property is located at 1708 S 9th Street A B C Waco, TX.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Triplex with 3 units totaling 4,399 square feet; Each unit has 3 bedrooms and 2 full bathrooms; Updated interiors with modern finishes
