Duplex with Separate
New
For Sale
$159,000
923 Reynolds Street, Waco, TX 76707
One residence is leased, while the second is vacant for a new tenant or owner-occupant.
Property Size1,440 SF
Days on Market7
Property Features for 923 Reynolds Street
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,522
Building Details
Building Size
1,440 SF
Year Built
1951
Buildings
1
Listing Agency:
Agents Of Texas, LLC
Listed By:
Cameron Gomez · License #0711443
(817) 501-2996
Source:
Whitelabelrealty
Added: Oct 26
Changed: Oct 31
Last Checked: Oct 30 at 9:46PM
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 Agents Of Texas, LLC
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Investment Insights
Based on property information with market context.
Built in 1951, this duplex contains two separate units. Unit A is leased, and Unit B is vacant, giving the property one occupied residence and one available for leasing or owner occupancy.
The property is at 923 Reynolds Street in Waco, Texas. Shopping, dining, schools, and major roadways are described as nearby.
The property is at 923 Reynolds Street in Waco, Texas. Shopping, dining, schools, and major roadways are described as nearby.
Key Highlights
- Two‑unit duplex built in 1951
- Unit A leased; Unit B vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,474
Cap Rate
7.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,480
$249.5K
Cap Rate 7%
$178,200
$178.2K
Cap Rate 9%
$138,600
$138.6K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$19.5K $13.56/SF
− Vacancy
−$1.7K −$1.19/SF
EGI
$17.8K $12.37/SF
− OpEx
−$5.3K −$3.71/SF
NOI
$12.5K $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%
$249,480
Cap Rate 7%
$178,200
Cap Rate 9%
$138,600
Alternative Uses
Best Use
Multifamily LT 5
$178.2K
$155.9K – $207.9K
NOI $12,474 @ 7.0% cap · market cap 7.85%
Second Best
Apartment 5plus
$164.0K
$143.5K – $191.3K
NOI $11,477 @ 7.0% cap · market cap 7.22%
Theoretical Best
Office A
$379.9K
$332.4K – $443.2K
NOI $26,594 @ 7.0% cap · market cap 16.73%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,195
Businesses Nearby
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Business Placement
Demographics for 76707, TX
16,227
Population
6,678
Households
2.4
Avg Household Size
31
Median Age
15%
College-Educated
76%
High-School Grad
3.3 sq mi
ZIP Area
4,917
Density / Sq Mi
$38,208
Median Household Income
$27,124
Median Earnings
$1,055
Median Rent
$113,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - One residence is leased, while the second is vacant for a new tenant or owner-occupant.
Where is this duplex located?
The property is located at 923 Reynolds Street Waco, TX.
What is the asking price?
The asking price for this property is $159,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1951; Unit A leased; Unit B vacant
