261 Audrey Avenue, Waco, TX 76705
- Added:
- Jun 17, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 18 at 2:06 am
Property Features for 261 Audrey Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 2, Bathroom 4
- Parking
- 2
- Parking features
- Driveway, Garage, Open
- Patio and Porch features
- Patio, Porch
- Interior features
- HighSpeedInternet, WalkInClosets, WiredForSound
- Exterior features
- RainGutters
- Appliances
- Dishwasher, ElectricRange, ElectricWaterHeater, Microwave, Refrigerator
- Standard status
- Active
- APN
- 200226000073005
- Lot size
- 0.36 Acres
Taxes and HOA fees
- Tax Description
- CHALK BLUFF LOT 7 BLOCK 4 ACRES .3564
- Tax Annual Amount
- 2641
Utilities
- Sewer type
- Aerobic Septic
- Heating system
- Electric (Heating), Central
- Cooling system
- Electric, Central Air, Ceiling Fan(s)
Building Details
- Year built
- 1984
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Simulatedwood
- Building materials
- Brick, FiberCement
- Roof type
- Composition
Listing agent Patricia Meadows License #0488304 (254) 772-7788
Listing office Graceland Real Estate Lorena, TX (254) 772-7788
Listing date Jun 17, 2026
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
- Brick duplex in Connally ISD with 2 units at 261–263 Audrey, Waco, TX
- Approx. 2,040 total SF; each unit has approx. 1,020 SF with 2 bedrooms and 2 full bathrooms
- Attached private garage for each unit plus driveway and open parking
- Functional kitchen includes dishwasher, electric range, microwave, and refrigerator
- Private fenced backyards and patio and porch features
- Electric central heating/cooling and composition shingle roof; aerobic septic
Overview
The property sits on a lot of approximately 0.3564 acres in Connally ISD. It is described as having convenient access to schools including MCC, Baylor, and TSCT, along with shopping, dining, and major Waco thoroughfares.
For tenants or owner-occupants, the duplex format offers the practicality of individual garages and fenced yard areas alongside two full bathrooms per unit. For buyers considering an investment strategy, the home’s two-unit configuration provides flexibility to generate rental income while retaining the option to live in one unit and lease the other. The low-maintenance brick exterior is positioned to support straightforward long-term upkeep.
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 | $27.7k | $13.56 |
| − Vacancy | −$2.4k | −$1.19 |
| EGI | $25.2k | $12.37 |
| − OpEx | −$7.6k | −$3.71 |
| NOI | $17.7k | $8.66 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Waco
- County
- McLennan
- State
- Texas
- Longitude
- -97.1385727
- Latitude
- 31.6421996
