Fully Occupied Duplex
2208 Cumberland Avenue, Waco, TX 76707
- Added:
- Apr 11, 2026
- Days on Market:
- 54
- Last Refresh:
- Jun 3 at 2:06 am
Property Features for 2208 Cumberland Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 2, Bathroom 1
- Parking
- 2
- Parking features
- Driveway
- Appliances
- GasOven, GasRange, Refrigerator
- Standard status
- Active
- APN
- 480424000626003
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Description
- UNIVERSITY HTS LOT 4 BLOCK 55 ACRES .1894
- Tax Annual Amount
- 3550
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1916
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Laminate
- Building materials
- Frame, WoodSiding
- Roof type
- Composition
Listing agent Kimberly N Smith License #726938 (512) 850-5717
Listing office Bramlett Partners Austin, TX (512) 850-5717
Listing date Apr 11, 2026
MLS# 21233070
Listing URL
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.
HighLights
- Fully occupied duplex in Waco with 100% occupancy and solid rental history
- Built in 1916; one‑story property with 1,710 sq ft total area
- Two income‑producing units with a mix of 4 bedrooms and 3 bathrooms across the property’s layout
- Central heating (natural gas) and central air
- Public utilities: public water and public sewer
- Roof is composition; frame construction with wood siding; laminate flooring; driveway parking
Overview
This fully occupied duplex includes two income-producing, one-story units designed for residential rental use. The property was built in 1916 and totals 1,710 square feet, providing a straightforward two-unit configuration for investors seeking consistent occupancy. With the duplex currently at 100% occupancy, it delivers immediate cash-flow potential and low overhead relative to larger multifamily setups.
Located in Waco, the property sits at 2208 Cumberland Avenue within McLennan County. The compact lot size supports an efficient investment footprint at 0.189 acres, and the central setting may appeal to tenants looking for an established residential option in the city.
For investors or buyers considering a small residential income portfolio, this duplex offers a practical path to owning two units under one roof while benefiting from existing occupancy. It can also be well-suited for buyers who want rental income starting at close, with financial details available upon request and a walkthrough available for qualified prospects.
Located in Waco, the property sits at 2208 Cumberland Avenue within McLennan County. The compact lot size supports an efficient investment footprint at 0.189 acres, and the central setting may appeal to tenants looking for an established residential option in the city.
For investors or buyers considering a small residential income portfolio, this duplex offers a practical path to owning two units under one roof while benefiting from existing occupancy. It can also be well-suited for buyers who want rental income starting at close, with financial details available upon request and a walkthrough available for qualified prospects.
Local 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 | $23.2k | $13.56 |
| − Vacancy | −$2.0k | −$1.19 |
| EGI | $21.2k | $12.37 |
| − OpEx | −$6.3k | −$3.71 |
| NOI | $14.8k | $8.66 |
1,710 SF · lease $13.56/SF/yr · vacancy 8.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$211.6K
$185.2K – $246.9K
NOI $14,813 @ 7.0% cap · market cap 7.44%
Second Best
Apartment 5plus
$194.7K
$170.4K – $227.2K
NOI $13,629 @ 7.0% cap · market cap 6.85%
Theoretical Best
Office A
$451.1K
$394.8K – $526.3K
NOI $31,580 @ 7.0% cap · market cap 15.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Waco
- County
- McLennan
- State
- Texas
- Longitude
- -97.163212
- Latitude
- 31.55902
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - One-story duplex with two rental units, offering immediate income and a fully occupied setup.
Where is this duplex located?
The property is located at 2208 Cumberland Avenue Waco, TX.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Fully occupied duplex in Waco with 100% occupancy and solid rental history; Built in 1916; one‑story property with 1,710 sq ft total area; Two income‑producing units with a mix of 4 bedrooms and 3 bathrooms across the property’s layout
