Duplex Residential Income
New
For Sale
$250,000
3441 Pewitt Drive 43, Waco, TX 76706
Duplex residential income property available for sale in Waco, TX.
Days on Market7
Property Features for 3441 Pewitt Drive 43
General Information
Standard status
Active
Property subtype
Duplex
Building Details
Building Size
1,813 SF
Year Built
1985
Listing Agency:
Better Homes and Gardens
(254) 235-2229
Listed By:
Leslie Edwards · License #0561739
Source:
Whitelabelrealty
Added: Jul 26
Changed: Jul 27
Last Checked: Jul 31 at 11:39AM
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 Better Homes and Gardens
Investment Insights
Based on property information with market context.
This duplex residential income property is offered for sale. The asset is categorized as a residential income duplex within a multifamily framework, providing two separate rental units under one ownership structure.
The property is located at 3441 Pewitt Drive 43 in Waco, Texas (76706). Additional specifics about unit layout, interior condition, and current occupancy are not provided in the available information.
For buyers and brokers evaluating income-oriented properties, this listing can serve as a starting point for due diligence around configuration and rent readiness, based on the confirmed duplex/multifamily classification and the provided sale offering.
The property is located at 3441 Pewitt Drive 43 in Waco, Texas (76706). Additional specifics about unit layout, interior condition, and current occupancy are not provided in the available information.
For buyers and brokers evaluating income-oriented properties, this listing can serve as a starting point for due diligence around configuration and rent readiness, based on the confirmed duplex/multifamily classification and the provided sale offering.
Key Highlights
- Duplex residential income property for sale in Waco, TX
- Built in 1985
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 | $24.6k | $13.56 |
| − Vacancy | −$2.1k | −$1.19 |
| EGI | $22.4k | $12.37 |
| − OpEx | −$6.7k | −$3.71 |
| NOI | $15.7k | $8.66 |
1,813 SF · lease $13.56/SF/yr · vacancy 8.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$224.4K
$196.3K – $261.8K
NOI $15,705 @ 7.0% cap · market cap 6.28%
Second Best
Apartment 5plus
$206.4K
$180.6K – $240.8K
NOI $14,450 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$478.3K
$418.5K – $558.0K
NOI $33,482 @ 7.0% cap · market cap 13.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
226
Businesses Nearby
Explore this area
Business Placement
Demographics for 76706, TX
39,303
Population
16,600
Households
2.4
Avg Household Size
27
Median Age
23%
College-Educated
85%
High-School Grad
72.3 sq mi
ZIP Area
544
Density / Sq Mi
$42,277
Median Household Income
$23,954
Median Earnings
$1,063
Median Rent
$180,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex residential income property available for sale in Waco, TX.
Where is this duplex located?
The property is located at 3441 Pewitt Drive 43 Waco, TX.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Duplex residential income property for sale in Waco, TX; Built in 1985
