Well-Maintained Duplex with Two
2824 Washington Avenue Waco, TX 76710
For Sale
$474,900
Pending
Each side offers two large bedrooms, two full baths, and covered detached garage parking.
Property Size2,843 SF
Days on Market49
Property Features for 2824 Washington Avenue
General Information
- Standard status
- Pending
- Size
- 2,843 SF
- Property subtype
- Multi-Family / Full Duplex
Building Details
- Year Built
- 1952
Listing Agency:
HIS Group LLC
(254) 744-0379
Listed By:
Penny Ostrom · License #620999
(254) 744-0379
Source:
Compass
Added: Jun 6
Changed: Jul 21
Last Checked: Jul 23 at 8:08AM
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 HIS Group LLC
Investment Insights
Based on property information with market context.
This well-built duplex features spacious two-bedroom layouts on each side, with two full bathrooms per unit. Kitchens include a breakfast area, and the dining and living spaces connect with original, well-cared-for hardwood floors. Built-in features add convenient storage for everyday use and display.
The property is located on Washington Avenue in Waco, near Baylor University as well as shopping, restaurants, and healthcare options.
Each side is served by two detached and covered garage parking spaces, providing dedicated, enclosed parking for residents.
The property is located on Washington Avenue in Waco, near Baylor University as well as shopping, restaurants, and healthcare options.
Each side is served by two detached and covered garage parking spaces, providing dedicated, enclosed parking for residents.
Key Highlights
- Two‑unit duplex with 2,843 SF total living area (assessor‑reported).
- Each side features two large bedrooms and two full bathrooms.
- Hardwood floors plus linoleum and vinyl flooring throughout.
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 | $38.6k | $13.56 |
| − Vacancy | −$3.4k | −$1.19 |
| EGI | $35.2k | $12.37 |
| − OpEx | −$10.6k | −$3.71 |
| NOI | $24.6k | $8.66 |
2,843 SF · lease $13.56/SF/yr · vacancy 8.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$351.8K
$307.8K – $410.5K
NOI $24,627 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$323.7K
$283.3K – $377.7K
NOI $22,660 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$750.1K
$656.3K – $875.1K
NOI $52,505 @ 7.0% cap · market cap 11.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Each side offers two large bedrooms, two full baths, and covered detached garage parking.
Where is this duplex located?
The property is located at 2824 Washington Avenue Waco, TX.
What is the asking price?
The asking price for this property is $474,900.
What are key features of this property?
This property features: Two‑unit duplex with 2,843 SF total living area (assessor‑reported).; Each side features two large bedrooms and two full bathrooms.; Hardwood floors plus linoleum and vinyl flooring throughout.
