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New Income-Producing Duplex Investment

3109 North 27th Street Waco, TX 76708

Claim this Listing
For Sale
$349,900

New duplex with immediate rental income and modern design.

Type:Multi-Family / Full Duplex
Property size:
2,110 SF
Price / SF:
$165.83/SF
Added:
May 18, 2026
Days on Market:
58
Last Refresh:
Jul 3 at 5:31 am

Property Features for 3109 North 27th Street

General Information

Standard status
Active
Size
2,110 SF
Property subtype
Multi-Family / Full Duplex

Building Details

Year Built
2025

Listing office EG Realty

Listing date May 18, 2026

Source Compass

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 EG Realty


Investment Insights

Based on property information with market context.

This new income-producing duplex is designed for durability, efficiency, and long-term investment potential. Each side features 3 bedrooms and 2 bathrooms of living space. The property is currently leased through the end of this year, providing rental income. Each unit features an open-concept layout with finishes including granite countertops, custom cabinetry, stained concrete flooring, and tile surrounds in the bathrooms. The primary bedroom includes a walk-in closet. Foam insulation enhances energy efficiency. Each unit offers a private covered patio along with parking for up to 6 vehicles.

Key Highlights

  • Brand new duplex built in 2025, offering modern construction and appeal.
  • Currently leased through the end of the year, providing immediate rental income.
  • Each unit features 3 bedrooms and 2 bathrooms with an open‑concept layout.

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 $28.6k $13.56
− Vacancy −$2.5k −$1.19
EGI $26.1k $12.37
− OpEx −$7.8k −$3.71
NOI $18.3k $8.66
2,110 SF · lease $13.56/SF/yr · vacancy 8.74% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$261.1K
$228.5K – $304.6K (±1% cap)
NOI $18,278 @ 7.0% cap · market cap 5.22%
Second Best
Apartment 5plus
$240.3K
$210.2K – $280.3K (±1% cap)
NOI $16,818 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$556.7K
$487.1K – $649.5K (±1% cap)
NOI $38,967 @ 7.0% cap · market cap 11.14%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon Parking Lot & Garage Gym & Fitness Center Skin Care Clinic HVAC Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - New duplex with immediate rental income and modern design.
Where is this duplex located?
The property is located at 3109 North 27th Street Waco, TX.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Brand new duplex built in 2025, offering modern construction and appeal.; Currently leased through the end of the year, providing immediate rental income.; Each unit features **3 bedrooms and 2 bathrooms** with an open‑concept layout.
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