Well-Maintained Duplex with Detached
2824 Washington Avenue Waco, TX 76710
For Sale
$474,900
Pending
MULTI_FAMILY - Waco, TX
Property Size2,843 SF
Lot Size0.32 Acres
Days on Market12
Property Features for 2824 Washington Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 2, Bathroom 3, Bathroom 4, Bedroom 4, Bedroom 1
- Parking
- 4
- Parking features
- Driveway, Open, Garage
- Interior features
- BuiltInFeatures, DecorativeDesignerLightingFixtures, EatInKitchen, CableTv
- Fireplace
- 1
- Appliances
- BuiltInGasRange, Dryer, Disposal, GasRange, GasWaterHeater, Microwave, Refrigerator, VentedExhaustFan, Washer
- Standard status
- Pending
- APN
- 181222
- Size
- 2,843 SF
- Lot size
- 0.32 Acres
Taxes and HOA fees
- Tax Description
- MANN J W Lot B13 14 Block 2A Acres .322
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Natural Gas
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1952
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Linoleum, Vinyl, Hardwood
- Building materials
- Brick
- Roof type
- Composition, Shingle
Listing Agency:
HIS Group LLC
(254) 640-4144
Listed By:
Penny Ostrom · License #620999
(254) 640-4144
Added: Jul 12
Changed: Jul 17
Last Checked: Jul 23 at 5:06PM
MLS# 21289765
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.
This well-built duplex is designed as a two-side home plan, with each side featuring two large bedrooms and two full bathrooms. The interior layout uses kitchen and breakfast space efficiently and keeps the dining and living areas open, highlighted by original hardwood floors. Built-ins are incorporated for convenient storage and display. For parking convenience and easy access, each side includes two detached, covered garage spaces.
Set on Washington Avenue in Waco, the property is described as being in a beautiful neighborhood. The seller notes close proximity to Baylor University, shopping, restaurants, and health care.
For buyers looking for flexibility, the duplex configuration supports multiple living and leasing options, including living in one side while leasing the other. The spacious two-bedroom, two-bath layout on each side can also fit households traveling for special occasions, sporting events, or family visits, where multiple bedrooms and bathrooms help keep day-to-day logistics manageable.
Set on Washington Avenue in Waco, the property is described as being in a beautiful neighborhood. The seller notes close proximity to Baylor University, shopping, restaurants, and health care.
For buyers looking for flexibility, the duplex configuration supports multiple living and leasing options, including living in one side while leasing the other. The spacious two-bedroom, two-bath layout on each side can also fit households traveling for special occasions, sporting events, or family visits, where multiple bedrooms and bathrooms help keep day-to-day logistics manageable.
Key Highlights
- Well‑built duplex with brick construction and central heating (natural gas) plus central air
- Year built 1952; composition/shingle roof and public water with public sewer
- Hardwood floors and built‑in features throughout, with designer lighting fixtures
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
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex offering two bedrooms and two full baths per side, with detached covered garage parking on both sides.
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: Well‑built duplex with brick construction and central heating (natural gas) plus central air; Year built 1952; composition/shingle roof and public water with public sewer; Hardwood floors and built‑in features throughout, with designer lighting fixtures
