Duplex with Storage
For Sale
$232,500
500 N 34th St, Waco, TX 76710
Two-unit residential property with a detached outbuilding and additional parking area.
Property Size1,562 SF
Price / SF$148.85
Days on Market109
Property Features for 500 N 34th St
General Information
Standard status
Active
Size
1,562 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1945
Buildings
1
Listing Agency:
Burns Real Estate Services
Listed By:
Joel Burns · License #479312
(254) 722-5087
Source:
Findtexashomesforsale
Added: Jul 16
Changed: Oct 31
Last Checked: Nov 1 at 6:01AM
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 Burns Real Estate Services
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Investment Insights
Based on property information with market context.
This 1945-built duplex contains 1,562 square feet and includes a separate outbuilding that can serve as storage. The property also offers additional parking area on the lot.
Located at 500 N 34th St in Waco, Texas, the property provides a two-unit residential configuration suitable for an income-property buyer. Financial information is available upon request.
Located at 500 N 34th St in Waco, Texas, the property provides a two-unit residential configuration suitable for an income-property buyer. Financial information is available upon request.
Key Highlights
- Two‑unit duplex configuration
- 1,562 square feet of building area
- Built in 1945
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,531
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$270,620
$270.6K
Cap Rate 7%
$193,300
$193.3K
Cap Rate 9%
$150,344
$150.3K
Market Conditions
NOI Build-Up for 1,562 SF
Gross rent
$21.2K $13.56/SF
− Vacancy
−$1.9K −$1.19/SF
EGI
$19.3K $12.37/SF
− OpEx
−$5.8K −$3.71/SF
NOI
$13.5K $8.66/SF
Area
Waco, TX
Vacancy
8.74%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$270,620
Cap Rate 7%
$193,300
Cap Rate 9%
$150,344
Alternative Uses
Best Use
Multifamily LT 5
$193.3K
$169.1K – $225.5K
NOI $13,531 @ 7.0% cap · market cap 5.82%
Second Best
Apartment 5plus
$177.9K
$155.6K – $207.5K
NOI $12,450 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$412.1K
$360.6K – $480.8K
NOI $28,847 @ 7.0% cap · market cap 12.41%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
752
Businesses Nearby
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Business Placement
Demographics for 76710, TX
24,874
Population
12,391
Households
2
Avg Household Size
38
Median Age
32%
College-Educated
92%
High-School Grad
9.3 sq mi
ZIP Area
2,675
Density / Sq Mi
$53,304
Median Household Income
$36,425
Median Earnings
$1,098
Median Rent
$229,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with a detached outbuilding and additional parking area.
Where is this duplex located?
The property is located at 500 N 34th St Waco, TX.
What is the asking price?
The asking price for this property is $232,500.
What are key features of this property?
This property features: Two‑unit duplex configuration; 1,562 square feet of building area; Built in 1945
