Residential Income Property in
3441 Pewitt Drive Unit 43 Waco, TX 76706
3441 Pewitt Drive Unit 43, Waco, TX, 76706
$250,000
For Sale
$250,000
Multifamily property with income potential in Waco, Texas.
Property Size1,813 SF
Price / SF$137.89
Days on Market215
Property Features for 3441 Pewitt Drive Unit 43
General Information
- Standard status
- Active
- Size
- 1,813 SF
- Property subtype
- Multi-Family / Full Duplex
Building Details
- Year Built
- 1985
Listing Agency
Better Homes and Gardens
(254) 716-1132
Listed by
Leslie Edwards · License #0561739
(254) 716-1132
Source
Compass
Added: Dec 14, 2025 Checked: Jul 17 at 5:36 am
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 multifamily property, located in Waco, Texas, offers 1,813 square feet of space. It is suitable for use as a residential income property or duplex.
Key Highlights
- Multifamily property with income potential.
- Two units total.
- Central air conditioning and heating.
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 | $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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Multifamily property with income potential in Waco, Texas.
Where is this duplex located?
The property is located at 3441 Pewitt Drive Unit 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: Multifamily property with income potential.; Two units total.; Central air conditioning and heating.
