Modern Duplex Rental
For Sale
$4,250,000
2300-2338 Century Dr, Waco, TX 76712
Built in 2018 offering open-concept units with in-unit washer-dryer hookups and covered parking across ten duplex buildings.
Property Size21,950 SF
Lot Size2.27 Acres
Price / SF$193.62
Days on Market50
Property Features for 2300-2338 Century Dr
General Information
Standard status
Active
Size
21,950 SF
Lot size
2.27 Acres
Property subtype
Commercial
Additional Details
Business Included
Yes
Highway Access
Yes
Multifamily Units
20
Building Details
Year Built
2018
Tenancy
Multi
Listing Agency:
Keller Williams Realty, Waco. Contact:
(469) 797-4003
Listed By:
Brad Harrell
Source:
Settleindfw
Added: Jun 17
Changed: Jul 10
Last Checked: Aug 5 at 7:29AM
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. Contact:
Investment Insights
Based on property information with market context.
Century Court Duplexes is a 2018-built multifamily community comprising 20 modern units in 10 duplex buildings. The residences feature open-concept layouts, in-unit washer-dryer hookups, and covered parking, along with contemporary finishes intended to support long-term tenant use. Unit mix includes (10) 2-bedroom, 2-bath duplex units and (10) 3-bedroom, 2-bath duplex units, offering flexibility for households ranging from small families to working professionals. The property is situated on 2.27 acres.
The community is located in Hewitt within Midway ISD, positioned directly across from Hewitt Elementary School. It also offers convenient access to Highway 84 and Hewitt Drive, supporting practical connectivity to nearby retail, employment centers, and major transportation corridors in the Waco area.
For investors or operators, Century Court Duplexes presents a turnkey, for-sale duplex rental asset with the property described as having stable in-place income and minimal deferred maintenance. The balanced unit mix can help broaden tenant appeal while keeping the community’s management profile consistent across multiple two- and three-bedroom layouts. Full financials are available with a signed NDA.
The community is located in Hewitt within Midway ISD, positioned directly across from Hewitt Elementary School. It also offers convenient access to Highway 84 and Hewitt Drive, supporting practical connectivity to nearby retail, employment centers, and major transportation corridors in the Waco area.
For investors or operators, Century Court Duplexes presents a turnkey, for-sale duplex rental asset with the property described as having stable in-place income and minimal deferred maintenance. The balanced unit mix can help broaden tenant appeal while keeping the community’s management profile consistent across multiple two- and three-bedroom layouts. Full financials are available with a signed NDA.
Key Highlights
- Built in 2018: Century Court Duplexes offers 20 multifamily units across 10 duplex buildings
- 20 units on 2.27 acres in Hewitt, within Midway ISD
- Unit mix includes (10) 2BR/2BA and (10) 3BR/2BA for rental diversity
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 | $297.6k | $13.56 |
| − Vacancy | −$26.0k | −$1.19 |
| EGI | $271.6k | $12.37 |
| − OpEx | −$81.5k | −$3.71 |
| NOI | $190.1k | $8.66 |
21,950 SF · lease $13.56/SF/yr · vacancy 8.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$2.72M
$2.38M – $3.17M
NOI $190,140 @ 7.0% cap · market cap 4.47%
Second Best
Apartment 5plus
$2.50M
$2.19M – $2.92M
NOI $174,951 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$5.79M
$5.07M – $6.76M
NOI $405,373 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
167
Businesses Nearby
Explore this area
Business Placement
Demographics for 76712, TX
27,800
Population
11,704
Households
2.4
Avg Household Size
41
Median Age
49%
College-Educated
96%
High-School Grad
52.4 sq mi
ZIP Area
531
Density / Sq Mi
$96,267
Median Household Income
$56,879
Median Earnings
$1,333
Median Rent
$302,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Built in 2018 offering open-concept units with in-unit washer-dryer hookups and covered parking across ten duplex buildings.
Where is this duplex located?
The property is located at 2300-2338 Century Dr Waco, TX.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: Built in 2018: Century Court Duplexes offers 20 multifamily units across 10 duplex buildings; 20 units on 2.27 acres in Hewitt, within Midway ISD; Unit mix includes (10) 2BR/2BA and (10) 3BR/2BA for rental diversity
