Renovated Duplex with Income
3830 Colina Lane Waco, TX 76705
3830 Colina Lane, Waco, TX, 76705
$329,000
For Sale
$329,000
MULTI_FAMILY - Waco, TX
Property Size1,732 SF
Lot Size0.55 Acres
Price / SF$189.95
Days on Market13
Property Features for 3830 Colina Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 2, Bedroom 3, Bathroom 2, Bathroom 3
- Parking
- 4
- Parking features
- Garage, Off Street, On Street
- Security features
- Security
- Interior features
- DecorativeDesignerLightingFixtures, EatInKitchen, OpenFloorplan
- Fireplace
- 1
- Appliances
- Dryer, ElectricRange, ElectricWaterHeater, Microwave, VentedExhaustFan, Washer
- Standard status
- Active
- APN
- 280267010340001
- Size
- 1,732 SF
- Lot size
- 0.55 Acres
Taxes and HOA fees
- Tax Description
- TOMAS DE LA VEGA ACRES .55
- Tax Annual Amount
- 2639
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Ceiling Fan(s), Electric
- Water source
- Public
Building Details
- Year built
- 1955
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Laminate
- Building materials
- Frame, Rock, Stone, WoodSiding
- Roof type
- Composition, Shingle
Listing Agency
Arise Capital Real Estate
(682) 558-0005
Fort Worth, TX
Listed by
Reyna Reyes
(817) 907-8699
Added: Jul 6 Checked: Jul 18 at 12:06 am
MLS# 21321944
Listing URL
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 renovated property at 3830 Colina Lane, Waco, TX 76705 is currently configured as a duplex. The interior features fully remodeled, move-in ready living space with a modern farmhouse design, including crisp white finishes, bold black fixtures, and gold accents. The home is approximately 1,732 square feet and is set up to generate income from both units. The layout also allows for a straightforward conversion back to a spacious single-family home with four bedrooms and three baths, depending on how the interior wall modification is handled.
The duplex sits on a generous 0.55-acre corner lot. The backyard includes mature trees and provides outdoor space for everyday living and gatherings. The property is located within La Vega ISD and is described as having convenient access to shopping, dining, and schools.
Overall, this is a versatile, renovated residential income property with an existing duplex configuration and the option to return it to a larger single-family layout.
The duplex sits on a generous 0.55-acre corner lot. The backyard includes mature trees and provides outdoor space for everyday living and gatherings. The property is located within La Vega ISD and is described as having convenient access to shopping, dining, and schools.
Overall, this is a versatile, renovated residential income property with an existing duplex configuration and the option to return it to a larger single-family layout.
Key Highlights
- Over 1,700 SF fully remodeled home in La Vega ISD with options to use as a duplex or convert to a 4‑bedroom, 3‑bath single‑family layout.
- Currently configured as a duplex with 4 bedrooms and 3 bathrooms across the home’s rooms/bathrooms; conversion back requires a simple wall modification.
- Half‑acre corner lot with a mature‑shaded backyard for outdoor entertaining, family gatherings, or gardening.
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 | $23.5k | $13.56 |
| − Vacancy | −$2.1k | −$1.19 |
| EGI | $21.4k | $12.37 |
| − OpEx | −$6.4k | −$3.71 |
| NOI | $15.0k | $8.66 |
1,732 SF · lease $13.56/SF/yr · vacancy 8.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$214.3K
$187.5K – $250.1K
NOI $15,003 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$197.2K
$172.6K – $230.1K
NOI $13,805 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$457.0K
$399.8K – $533.1K
NOI $31,987 @ 7.0% cap · market cap 9.72%
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 - Renovated duplex on a half-acre corner lot in La Vega ISD, offering move-in ready living space in two units.
Where is this duplex located?
The property is located at 3830 Colina Lane Waco, TX.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Over 1,700 SF fully remodeled home in La Vega ISD with options to use as a duplex or convert to a 4‑bedroom, 3‑bath single‑family layout.; Currently configured as a duplex with 4 bedrooms and 3 bathrooms across the home’s rooms/bathrooms; conversion back requires a simple wall modification.; Half‑acre corner lot with a mature‑shaded backyard for outdoor entertaining, family gatherings, or gardening.
