Four-Bedroom
1916 S 15th Street, Waco, TX 76706
For Sale
$575,000
ResidentialIncome, Waco, TX
Property Size3,506 SF
Lot Size0.19 Acres
Price / SF$164
Days on Market49
Property Features for 1916 S 15th Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Interior features
Fencing
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
laundry
ceiling fans
dishwasher
microwave
range
refrigerator
off-street parking
fenced backyard
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Keller Williams Realty, Waco
Listed By:
Jeffery Bird · License TX #478704
(254) 751-7900
Added: Sep 25
Changed: Oct 30
Last Checked: Nov 12 at 9:06PM
MLS# 21392949
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 two-unit duplex totals 3,506 square feet on a 0.189-acre lot. Built in 2002, it contains two 1,753-square-foot residences, each arranged with four bedrooms and four full bathrooms. One bedroom and bath are on the ground floor, with three bedrooms and baths upstairs. Each residence also includes a living room, dining area, kitchen, and laundry space. Interior finishes include vinyl and carpet flooring, ceiling fans, and kitchens equipped with a dishwasher, microwave, range, and refrigerator.
The brick property at 1916 S 15th Street is near Baylor University. Exterior features include off-street concrete parking, a fenced backyard, and garage parking.
The brick property at 1916 S 15th Street is near Baylor University. Exterior features include off-street concrete parking, a fenced backyard, and garage parking.
Key Highlights
- Two residences totaling 3,506 square feet on a 0.189‑acre lot
- Each unit measures 1,753 square feet and has 4 bedrooms and 4 full baths
- Built in 2002
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
427
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
$180,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Waco, TX
Properties on Market for Duplexes in Waco
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own living, dining, kitchen, and laundry areas, with bedrooms and bathrooms on both levels.
Where is this duplex located?
The property is located at 1916 S 15th Street 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 residences totaling 3,506 square feet on a 0.189‑acre lot; Each unit measures 1,753 square feet and has 4 bedrooms and 4 full baths; Built in 2002
