Leased Duplex With Private
For Sale
$300,000
6716 Wiethorn Drive #6718, Waco, TX 76710
Two fully occupied residences offer separate living spaces, laundry, parking, and outdoor areas.
Property Size2,502 SF
Days on Market192
Property Features for 6716 Wiethorn Drive #6718
General Information
Standard status
Active
Size
2,502 SF
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Amenities
in-unit laundry
private backyards
Central
Ceiling Fan(s)
Electric
Central Air
Dishwasher
Electric Range
Refrigerator
Vented Exhaust Fan
Electricity Connected, Sewer Available, Water Available, Composition
Building Details
Building Size
2,502 SF
Year Built
1971
Listing Agency:
Global Realty Partners LLC
(254) 749-6036
Listed By:
Melissa Harrell · License #647271
(254) 749-6036
Source:
Kw
Added: Feb 19
Changed: Aug 30
Last Checked: Aug 30 at 5:56AM
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 Global Realty Partners LLC
Investment Insights
Based on property information with market context.
Built in 1971, this duplex contains two leased residences, each configured with two bedrooms and two bathrooms. Both units include generous living areas, in-unit laundry, private backyards, and off-street parking. Interior features include central air, ceiling fans, dishwashers, electric ranges, refrigerators, and vented exhaust fans.
The property is located at 6716 Wiethorn Drive in Waco’s Western Hills neighborhood. Electricity is connected, while sewer and water are available. The duplex provides an established residential income property with both units occupied.
The property is located at 6716 Wiethorn Drive in Waco’s Western Hills neighborhood. Electricity is connected, while sewer and water are available. The duplex provides an established residential income property with both units occupied.
Key Highlights
- Two fully leased 2‑bedroom, 2‑bathroom units
- Private backyards and off‑street parking for both residences
- In‑unit laundry in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,673
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$433,460
$433.5K
Cap Rate 7%
$309,614
$309.6K
Cap Rate 9%
$240,811
$240.8K
Market Conditions
NOI Build-Up for 2,502 SF
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.
Gross rent
$33.9K $13.56/SF
− Vacancy
−$3.0K −$1.19/SF
EGI
$31.0K $12.37/SF
− OpEx
−$9.3K −$3.71/SF
NOI
$21.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$433,460
Cap Rate 7%
$309,614
Cap Rate 9%
$240,811
Alternative Uses
Best Use
Multifamily LT 5
$309.6K
$270.9K – $361.2K
NOI $21,673 @ 7.0% cap · market cap 7.22%
Second Best
Apartment 5plus
$284.9K
$249.3K – $332.4K
NOI $19,942 @ 7.0% cap · market cap 6.65%
Theoretical Best
Office A
$660.1K
$577.6K – $770.1K
NOI $46,207 @ 7.0% cap · market cap 15.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,418
Businesses Nearby
Explore this area
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
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 - Two fully occupied residences offer separate living spaces, laundry, parking, and outdoor areas.
Where is this duplex located?
The property is located at 6716 Wiethorn Drive #6718 Waco, TX.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Two fully leased 2‑bedroom, 2‑bathroom units; Private backyards and off‑street parking for both residences; In‑unit laundry in each unit
