Duplex with Fenced
For Sale
$575,000
1916 S 15th Street A & B, Waco, TX 76706
Each residence has its own kitchen and laundry area alongside a four-bedroom, four-bathroom layout.
Property Size3,506 SF
Days on Market15
Property Features for 1916 S 15th Street A & B
General Information
Standard status
Active
Size
3,506 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$8,769
Building Details
Building Size
3,506 SF
Year Built
2002
Listing Agency:
Keller Williams Realty, Waco
Listed By:
Jeffery Bird · License #478704
(254) 751-7900
Source:
Whitelabelrealty
Added: Sep 29
Changed: Oct 6
Last Checked: Oct 13 at 3:50AM
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 2002, this duplex contains two self-contained residences totaling 3,506 square feet. Each 1,753-square-foot unit includes four bedrooms and four full bathrooms, with one bedroom and bath on the lower level and three bedrooms upstairs. Separate living and dining areas, a kitchen, and laundry space are provided in each residence. Side A has wood-look vinyl-plank flooring, ceiling fans, natural light, and a kitchen with cabinetry, counter space, a dishwasher, microwave, range, and refrigerator.
The exterior includes painted brick, concrete parking off the street, and a fenced backyard. The property is close to Baylor University.
The exterior includes painted brick, concrete parking off the street, and a fenced backyard. The property is close to Baylor University.
Key Highlights
- Two units totaling 3,506 square feet; each measures 1,753 square feet
- Each residence has 4 bedrooms and 4 full baths
- One bedroom and bath are downstairs, with three bedrooms upstairs in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,370
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$607,400
$607.4K
Cap Rate 7%
$433,857
$433.9K
Cap Rate 9%
$337,444
$337.4K
Market Conditions
NOI Build-Up for 3,506 SF
Gross rent
$47.5K $13.56/SF
− Vacancy
−$4.2K −$1.19/SF
EGI
$43.4K $12.37/SF
− OpEx
−$13.0K −$3.71/SF
NOI
$30.4K $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%
$607,400
Cap Rate 7%
$433,857
Cap Rate 9%
$337,444
Alternative Uses
Best Use
Multifamily LT 5
$433.9K
$379.6K – $506.2K
NOI $30,370 @ 7.0% cap · market cap 5.28%
Second Best
Apartment 5plus
$399.2K
$349.3K – $465.7K
NOI $27,944 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$925.0K
$809.4K – $1.08M
NOI $64,749 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
427
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own kitchen and laundry area alongside a four-bedroom, four-bathroom layout.
Where is this duplex located?
The property is located at 1916 S 15th Street A & B Waco, TX.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Two units totaling 3,506 square feet; each measures 1,753 square feet; Each residence has 4 bedrooms and 4 full baths; One bedroom and bath are downstairs, with three bedrooms upstairs in each unit
