Log In/Sign Up
Your email has been sent.
870-872 Waco St 2 Unit Apartment Building Offered at $409,000 Kingsland, TX 78639
Investment Highlights
- Simple 2-door duplex investment – easy to manage, easy to finance, easy to resell
- Strong rentability – duplex layout stays in demand (families, workforce renters, long-term tenants)
- Operational upside – increase NOI through rent standardization + better collections + reduced vacancy time
- Tenant-paid utilities (electric, water, trash) – keeps owner expenses low and NOI stable
- Multiple exit strategies – hold as rental, sell as duplex investment, or sell doors separately (if allowed)
- Lower vacancy risk vs. single-family – even if one side is vacant, the other side still produces income
Executive Summary
If you’ve been hunting for versatile lake-area investment property that won’t break the bank, this duplex delivers. Each side offers 1,200 sq ft with 3 beds and 2 baths—perfect for long-term tenants, multi-generational living, or living in one and renting the other. Set in an unrestricted neighborhood near the baseball fields, it’s a solid home base close to Kingsland’s amenities without the waterfront price tag. Modern construction with metal siding and roof for low maintenance, Concrete drive and separate utility meters, close to community baseball fields and a short drive to Lake LBJ, shopping, and eateries, zoned unrestricted—use your imagination for future possibilities. Whether you’re a first-time investor or a seasoned landlord, this property represents steady, old-school value with forward-thinking versatility. You can take a classic “buy and hold” approach or live in one side and let the other pay the mortgage—that’s what we call a home run.
Data Room Click Here to Access
Financial Summary (Pro Forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$39,600
|
$16.50
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$39,600
|
$16.50
|
| Taxes |
$4,552
|
$1.90
|
| Operating Expenses |
$2,500
|
$1.04
|
| Total Expenses |
$7,052
|
$2.94
|
| Net Operating Income |
$32,548
|
$13.56
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $39,600 |
| Annual Per SF | $16.50 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $39,600 |
| Annual Per SF | $16.50 |
| Taxes | |
|---|---|
| Annual | $4,552 |
| Annual Per SF | $1.90 |
| Operating Expenses | |
|---|---|
| Annual | $2,500 |
| Annual Per SF | $1.04 |
| Total Expenses | |
|---|---|
| Annual | $7,052 |
| Annual Per SF | $2.94 |
| Net Operating Income | |
|---|---|
| Annual | $32,548 |
| Annual Per SF | $13.56 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | $1,650 | 1,200 |
Property Taxes
| Parcel Number | 66572 | Total Assessment | $1,384,236 |
| Land Assessment | $28,350 | Annual Taxes | $4,552 ($1.90/SF) |
| Improvements Assessment | $2,655,800 | Tax Year | 2025 |
Property Taxes
Parcel Number
66572
Land Assessment
$28,350
Improvements Assessment
$2,655,800
Total Assessment
$1,384,236
Annual Taxes
$4,552 ($1.90/SF)
Tax Year
2025
1 of 31
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
870-872 Waco St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.