Triplex Investment
2604 Lasker Avenue Waco, TX 76707
New
2604 Lasker Avenue, Waco, TX, 76707
$300,000
For Sale
$300,000
MULTI_FAMILY - Waco, TX
Property Size2,410 SF
Price / SF$124.48
Days on Market5
Property Features for 2604 Lasker Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bedroom 4, Bathroom 3, Bathroom 1, Bedroom 3, Bedroom 5, Bathroom 2, Bedroom 2
- Parking features
- On Street
- Appliances
- Refrigerator
- Standard status
- Active
- APN
- 186328
Taxes and HOA fees
- Tax Description
- PROVIDENT Lot 2 Block 44 Acres .1894
- Tax Annual Amount
- 2654
Utilities
- Heating system
- Electric (Heating)
- Cooling system
- Electric
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 3
- Roof type
- Composition
Listing agency
Harrell Realty Company
(254) 772-8572
Listed by
Hunter Harrell · License #TX-619933
(254) 772-8572
Added: Jul 17 Updated: Jul 21 at 12:58AM Checked: Jul 21 at 5:06PM
MLS# 225752
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.
A well-suited triplex for investors, this property includes three separate residential units at 2604 Lasker Avenue. Unit A features 3 bedrooms, 1 bathroom, and 1,090 square feet. Units B and C each provide 1 bedroom and 1 bathroom, with 660 square feet per unit. Lease details are available upon request, supporting underwriting and review for qualified buyers.
Located in Waco, Texas within McLennan County, the property is offered as part of a broader “Lasker Avenue Investment Package.” The seller indicates it can be purchased as a standalone acquisition or grouped with other properties, depending on an investor’s portfolio strategy.
This configuration is a practical fit for buyers seeking a multi-unit residential income asset with a mix of unit sizes. With three distinct layouts on one address, the property may appeal to investors looking to diversify tenant demand across different bedroom counts while evaluating long-term income potential. For brokers and operators, the option to acquire as a one-off or as part of a package provides flexibility when building out an acquisition plan.
Located in Waco, Texas within McLennan County, the property is offered as part of a broader “Lasker Avenue Investment Package.” The seller indicates it can be purchased as a standalone acquisition or grouped with other properties, depending on an investor’s portfolio strategy.
This configuration is a practical fit for buyers seeking a multi-unit residential income asset with a mix of unit sizes. With three distinct layouts on one address, the property may appeal to investors looking to diversify tenant demand across different bedroom counts while evaluating long-term income potential. For brokers and operators, the option to acquire as a one-off or as part of a package provides flexibility when building out an acquisition plan.
Key Highlights
- Multi‑property investment package on Lasker Avenue: Unit A (3BR/1BA) 1,090 SF; Units B and C each 1BR/1BA, 660 SF
- Three residential units included: Unit A plus two 1‑bedroom units (Units B and C)
- Electric heating and electric cooling; includes refrigerator
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 | $32.7k | $13.56 |
| − Vacancy | −$2.9k | −$1.19 |
| EGI | $29.8k | $12.37 |
| − OpEx | −$8.9k | −$3.71 |
| NOI | $20.9k | $8.66 |
2,410 SF · lease $13.56/SF/yr · vacancy 8.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$298.2K
$261.0K – $347.9K
NOI $20,876 @ 7.0% cap · market cap 6.96%
Second Best
Apartment 5plus
$274.4K
$240.1K – $320.2K
NOI $19,209 @ 7.0% cap · market cap 6.40%
Theoretical Best
Office A
$635.8K
$556.4K – $741.8K
NOI $44,508 @ 7.0% cap · market cap 14.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three rental units offer income flexibility, with tenant lease details available upon request.
Where is this triplex located?
The property is located at 2604 Lasker Avenue Waco, TX.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Multi‑property investment package on Lasker Avenue: Unit A (3BR/1BA) 1,090 SF; Units B and C each 1BR/1BA, 660 SF; Three residential units included: Unit A plus two 1‑bedroom units (Units B and C); Electric heating and electric cooling; includes refrigerator
