Furnished Tudor Short-Term
2419 Washington Avenue, Waco, TX 76701
For Sale
Contact for pricing
Commercial zoning, included furnishings, and prior rental activity complement this two-bedroom property.
Property Size1,500 SF
Price / SF$216.60
Days on Market26
Property Features for 2419 Washington Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Furnished
Multifamily Units
Building Details
Construction
Listing Agency:
Keller Williams Realty
Listed By:
Trevor Caswell · License #743181
(512) 940-9068
Source:
Crexi
Added: Oct 15
Changed: Nov 8
Last Checked: Nov 8 at 4:17PM
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
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Investment Insights
Based on property information with market context.
This 1920s Tudor-style property offers nearly 1,500 square feet, with two bedrooms, 1.5 bathrooms, and a split floor plan. Living and dining areas connect to the kitchen, while hardwood floors and large windows contribute to the interior character. Front and rear porches provide outdoor space, and the furnishings are included. The property is commercially zoned and has a history of short-term rental use.
Shops and restaurants are nearby, with Downtown Waco, the Silo District, and Baylor University a short drive away.
Shops and restaurants are nearby, with Downtown Waco, the Silo District, and Baylor University a short drive away.
Key Highlights
- Nearly 1,500 square feet with two bedrooms and 1.5 bathrooms
- Commercially zoned property with a history of short‑term rental use
- Furnishings included in the sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,956
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$239,120
$239.1K
Cap Rate 7%
$170,800
$170.8K
Cap Rate 9%
$132,844
$132.8K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$23.9K $15.96/SF
− Vacancy
−$2.2K −$1.47/SF
EGI
$21.7K $14.49/SF
− OpEx
−$9.8K −$6.52/SF
NOI
$12.0K $7.97/SF
Area
Waco, TX
Vacancy
9.20%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$239,120
Cap Rate 7%
$170,800
Cap Rate 9%
$132,844
Alternative Uses
Best Use
Apartment 5plus
$170.8K
$149.5K – $199.3K
NOI $11,956 @ 7.0% cap · market cap 3.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$395.7K
$346.3K – $461.7K
NOI $27,702 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,041
Businesses Nearby
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Business Placement
Demographics for 76701, TX
1,674
Population
1,029
Households
1.6
Avg Household Size
29
Median Age
32%
College-Educated
92%
High-School Grad
1.1 sq mi
ZIP Area
1,522
Density / Sq Mi
$24,593
Median Household Income
$21,897
Median Earnings
$1,008
Median Rent
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Short term rental property - Commercial zoning, included furnishings, and prior rental activity complement this two-bedroom property.
Where is this short term rental property located?
The property is located at 2419 Washington Avenue Waco, TX.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Nearly 1,500 square feet with two bedrooms and 1.5 bathrooms; Commercially zoned property with a history of short‑term rental use; Furnishings included in the sale
