New Duplex Investment
1912 S 22nd Street Waco, TX 76706
For Sale
$465,000
Brand-new duplex with two units, each featuring 3 bedrooms, 3.5 bathrooms, vinyl-wood flooring, and granite countertops.
Property Size2,976 SF
Price / SF$156.25
Days on Market1073
Property Features for 1912 S 22nd Street
General Information
- Standard status
- Active
- Size
- 2,976 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 2024
Listing Agency:
EG Realty
(254) 218-4220
Listed By:
Anel Perales · License #651652
(254) 644-5508
Source:
Xome
Added: Aug 16, 2023
Changed: Jul 22
Last Checked: Jul 23 at 4:27AM
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 EG Realty
Investment Insights
Based on property information with market context.
This brand-new duplex is configured as two separate units, each offering 3 bedrooms and 3.5 bathrooms. Interior finishes include modern vinyl wood flooring in the living and kitchen areas, along with granite countertops throughout the home, including the kitchen and bathrooms. The downstairs layout includes a living room, kitchen, and a half-bathroom, while all bedrooms are located on the second floor for added privacy. Additional construction features include spray foam insulation and double-paned windows, and a concrete driveway extends to the back of the property to provide parking.
The property is described as being located in the Baylor Bubble near Baylor University.
The property is described as being located in the Baylor Bubble near Baylor University.
Key Highlights
- Brand‑new 2024 duplex with 2 units, each offering 3 bedrooms and 3.5 bathrooms
- Central air with electric heating and double‑pane windows
- Kitchen and bathrooms feature granite countertops
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 | $40.4k | $13.56 |
| − Vacancy | −$3.5k | −$1.19 |
| EGI | $36.8k | $12.37 |
| − OpEx | −$11.0k | −$3.71 |
| NOI | $25.8k | $8.66 |
2,976 SF · lease $13.56/SF/yr · vacancy 8.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$368.3K
$322.2K – $429.7K
NOI $25,779 @ 7.0% cap · market cap 5.54%
Second Best
Apartment 5plus
$338.9K
$296.5K – $395.3K
NOI $23,720 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$785.2K
$687.0K – $916.0K
NOI $54,961 @ 7.0% cap · market cap 11.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Brand-new duplex with two units, each featuring 3 bedrooms, 3.5 bathrooms, vinyl-wood flooring, and granite countertops.
Where is this duplex located?
The property is located at 1912 S 22nd Street Waco, TX.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Brand‑new 2024 duplex with 2 units, each offering 3 bedrooms and 3.5 bathrooms; Central air with electric heating and double‑pane windows; Kitchen and bathrooms feature granite countertops
