Furnished Short-Term Rental
929 N 12th St, Waco, TX 76707
For Sale
$275,000
Remodeled furnished residence with en-suite bedrooms, a detached garage, and a flexible layout for rental use.
Property Size1,462 SF
Price / SF$188.10
Days on Market108
Property Features for 929 N 12th St
General Information
Standard status
Size
Property subtype
Additional Details
Furnished
Multifamily Units
Building Details
Year Built
Buildings
Listing Agency:
Axio Real Estate LLC
Listed By:
Jody Scoggins · License #561614
(254) 744-0333
Source:
Northtexashomeguide
Added: Jul 25
Changed: Oct 31
Last Checked: Oct 5 at 7:00PM
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 Axio Real Estate LLC
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Investment Insights
Based on property information with market context.
This 1,462-square-foot furnished residence was built in 1915 and offers three bedrooms and three bathrooms. The remodeled interior includes a custom-cabinet kitchen with stainless steel appliances, a gas range, farmhouse sink, and pot filler. Two bedrooms have private en-suite baths, while the primary suite adds dual vanities, a walk-in shower, freestanding tub, and walk-in closet. A large backyard, deck, and detached garage provide additional exterior and storage space.
The property is located at 929 N 12th St in Waco, near Baylor University, downtown Waco, Magnolia, shopping, dining, and major attractions. It is currently operating as an income-producing Airbnb and can accommodate short-term, mid-term, or long-term rental use.
The property is located at 929 N 12th St in Waco, near Baylor University, downtown Waco, Magnolia, shopping, dining, and major attractions. It is currently operating as an income-producing Airbnb and can accommodate short-term, mid-term, or long-term rental use.
Key Highlights
- 1,462 SF furnished residence with 3 bedrooms and 3 bathrooms
- Remodeled kitchen with custom cabinetry, stainless steel appliances, gas range, farmhouse sink, and pot filler
- Two bedrooms include private en‑suite bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,653
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$233,060
$233.1K
Cap Rate 7%
$166,471
$166.5K
Cap Rate 9%
$129,478
$129.5K
Market Conditions
NOI Build-Up for 1,462 SF
Gross rent
$23.3K $15.96/SF
− Vacancy
−$2.1K −$1.47/SF
EGI
$21.2K $14.49/SF
− OpEx
−$9.5K −$6.52/SF
NOI
$11.7K $7.97/SF
Area
Waco, TX
Vacancy
9.20%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$233,060
Cap Rate 7%
$166,471
Cap Rate 9%
$129,478
Alternative Uses
Best Use
Apartment 5plus
$166.5K
$145.7K – $194.2K
NOI $11,653 @ 7.0% cap · market cap 4.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$385.7K
$337.5K – $450.0K
NOI $27,000 @ 7.0% cap · market cap 9.82%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Short term rental property - Remodeled furnished residence with en-suite bedrooms, a detached garage, and a flexible layout for rental use.
Where is this short term rental property located?
The property is located at 929 N 12th St Waco, TX.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 1,462 SF furnished residence with 3 bedrooms and 3 bathrooms; Remodeled kitchen with custom cabinetry, stainless steel appliances, gas range, farmhouse sink, and pot filler; Two bedrooms include private en‑suite bathrooms
