Modern Duplex Apartment
2300-2338 Century Drive Waco, TX 76712
2300-2338 Century Drive, Waco, TX, 76712
$4,250,000
For Sale
$4,250,000
MULTI_FAMILY - Waco, TX
Property Size21,950 SF
Lot Size2.28 Acres
Price / SF$193.62
Days on Market193
Property Features for 2300-2338 Century Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 25
- Bathrooms
- 20
- Rooms
- Bedroom 3, Bedroom 10, Bathroom 2, Bathroom 4, Bedroom 12, Bathroom 12, Bathroom 14, Bathroom 13, Bathroom 19, Bedroom 25, Bedroom 18, Bathroom 7, Bedroom 9, Bedroom 21, Bedroom 16, Bedroom 11, Bedroom 24, Bathroom 11, Bedroom 13, Bathroom 16, Bedroom 7, Bathroom 17, Bedroom 20, Bedroom 2, Bedroom 1, Bathroom 18, Bathroom 1, Bedroom 19, Bedroom 15, Bedroom 14, Bathroom 9, Bedroom 6, Bedroom 8, Bathroom 3, Bedroom 17, Bedroom 4, Bedroom 22, Bathroom 20, Bedroom 23, Bathroom 5, Bathroom 8, Bathroom 6, Bathroom 10, Bedroom 5, Bathroom 15
- Parking
- 20
- Parking features
- Covered, Carport, Assigned
- Interior features
- WalkInClosets
- Fencing
- Fenced
- Appliances
- Dishwasher, ElectricRange, ElectricWaterHeater, Microwave, Refrigerator
- Standard status
- Active
- APN
- 148761
- Size
- 21,950 SF
- Lot size
- 2.28 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Ceiling Fan(s), Electric
- Water source
- Public
Building Details
- Year built
- 2018
- Floors in Building
- 1
- Number of units
- 20
- Flooring type
- Carpet, Vinyl
- Building materials
- Brick, Rock, Stone
- Roof type
- Composition
Listing Agency
Keller Williams Realty, Waco
(254) 751-7900
Waco, TX
Listed by
Brad Harrell · License #363789
(254) 717-9306
Added: Jan 5 Checked: Jul 17 at 9:06 pm
MLS# 21091942
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.
Investment Insights
Based on property information with market context.
Century Court Duplexes is a 2018-built multifamily investment featuring 20 modern units across 10 duplex buildings on 2.27 acres. The property’s unit mix includes 10 two-bedroom, two-bath homes and 10 three-bedroom, two-bath homes, designed to appeal to both small families and professionals. Interiors are described as open-concept, with in-unit washer-dryer hookups and contemporary finishes. Covered parking is provided for residents, supporting tenant appeal and everyday convenience.
The community is located in Hewitt and is noted as being directly across from Hewitt Elementary School. It also offers convenient access to Highway 84 and Hewitt Drive, putting tenants within minutes of local retail, employment centers, and major transportation corridors. The offering is in the Midway ISD.
For investors, Century Court Duplexes is positioned as a turnkey opportunity with stable in-place income and minimal deferred maintenance, backed by the tenant appeal of covered parking and in-unit laundry hookups. Its diversified two- and three-bedroom mix may support broader leasing demand while keeping operations relatively straightforward across the duplex configuration. Full financials are available with a signed NDA.
The community is located in Hewitt and is noted as being directly across from Hewitt Elementary School. It also offers convenient access to Highway 84 and Hewitt Drive, putting tenants within minutes of local retail, employment centers, and major transportation corridors. The offering is in the Midway ISD.
For investors, Century Court Duplexes is positioned as a turnkey opportunity with stable in-place income and minimal deferred maintenance, backed by the tenant appeal of covered parking and in-unit laundry hookups. Its diversified two- and three-bedroom mix may support broader leasing demand while keeping operations relatively straightforward across the duplex configuration. Full financials are available with a signed NDA.
Key Highlights
- Built in 2018: Century Court Duplexes features 20 units in 10 duplex buildings
- 2.27‑acre multifamily property with a unit mix of (10) 2 bed/2 bath and (10) 3 bed/2 bath
- In‑unit washer‑dryer hookups, open‑concept living, and modern finishes in each unit
Local Financial Insights For Apartment 5plus
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 | $350.3k | $15.96 |
| − Vacancy | −$32.2k | −$1.47 |
| EGI | $318.1k | $14.49 |
| − OpEx | −$143.1k | −$6.52 |
| NOI | $175.0k | $7.97 |
21,950 SF · lease $15.96/SF/yr · vacancy 9.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.50M
$2.19M – $2.92M
NOI $174,951 @ 7.0% cap · market cap 4.12%
Second Best
—
—
no second resolved use
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Built in 2018, this Hewitt duplex community offers turnkey multifamily income with covered parking and in-unit laundry hookups.
Where is this apartment building located?
The property is located at 2300-2338 Century Drive 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 features 20 units in 10 duplex buildings; 2.27‑acre multifamily property with a unit mix of (10) 2 bed/2 bath and (10) 3 bed/2 bath; In‑unit washer‑dryer hookups, open‑concept living, and modern finishes in each unit
